Rockwell Automation, Inc. $ROK Position Raised by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 54.2% in the first quarter, HoldingsChannel reports. The firm owned 36,211 shares of the industrial products company’s stock after acquiring an additional 12,727 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Rockwell Automation were worth $12,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of Rockwell Automation in the fourth quarter worth $281,000. AQR Capital Management LLC increased its stake in Rockwell Automation by 75.9% during the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock valued at $2,059,000 after buying an additional 3,513 shares during the period. Empowered Funds LLC raised its position in shares of Rockwell Automation by 142.7% during the 1st quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock worth $1,887,000 after buying an additional 4,295 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Rockwell Automation by 233.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock worth $484,000 after buying an additional 1,315 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Rockwell Automation in the 2nd quarter worth approximately $868,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROK. JPMorgan Chase & Co. raised their price objective on shares of Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Robert W. Baird lifted their target price on Rockwell Automation from $470.00 to $527.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Wells Fargo & Company upped their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. KeyCorp increased their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Argus increased their price objective on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $469.33.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $462.55 on Friday. The firm’s 50 day simple moving average is $461.94 and its 200-day simple moving average is $422.04. Rockwell Automation, Inc. has a fifty-two week low of $305.44 and a fifty-two week high of $497.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. The company has a market cap of $51.47 billion, a P/E ratio of 48.08, a price-to-earnings-growth ratio of 2.95 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $2.45 EPS. The company’s revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 13.06 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio is 57.38%.

Rockwell Automation announced that its Board of Directors has initiated a stock repurchase program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Rockwell Automation

In other news, VP John M. Miller sold 1,054 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction of $449,025.08. Following the transaction, the vice president directly owned 5,615 shares in the company, valued at $2,392,102.30. The trade was a 15.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Scott Genereux sold 550 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $447.73, for a total transaction of $246,251.50. Following the completion of the transaction, the vice president directly owned 2,764 shares in the company, valued at $1,237,525.72. This trade represents a 16.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,361 shares of company stock valued at $4,189,886 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Profile

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.