NewEdge Wealth LLC Cuts Stock Holdings in Rockwell Automation, Inc. $ROK

NewEdge Wealth LLC lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 34.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,400 shares of the industrial products company’s stock after selling 1,275 shares during the period. NewEdge Wealth LLC’s holdings in Rockwell Automation were worth $861,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ROK. MV Capital Management Inc. bought a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $28,000. Manchester Capital Management LLC increased its position in Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 39 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in Rockwell Automation during the 1st quarter valued at $31,000. First Horizon Corp bought a new position in Rockwell Automation in the 4th quarter worth $32,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Rockwell Automation in the 4th quarter worth about $33,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROK. Rothschild & Co Redburn lifted their price objective on Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Barclays increased their price target on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. Finally, TD Cowen lifted their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. One research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $469.33.

Rockwell Automation Stock Up 1.1%

Rockwell Automation stock opened at $467.12 on Tuesday. Rockwell Automation, Inc. has a one year low of $305.44 and a one year high of $497.36. The stock has a fifty day moving average of $462.56 and a 200 day moving average of $422.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. The stock has a market cap of $51.98 billion, a PE ratio of 48.56, 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, topping the consensus estimate of $2.88 by $0.42. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 13.06 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation’s dividend payout ratio (DPR) is presently 57.38%.

Rockwell Automation declared that its Board of Directors has approved a share buyback 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 repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at Rockwell Automation

In related news, VP Terry L. Riesterer sold 4,024 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the sale, the vice president directly owned 134 shares in the company, valued at approximately $60,563.98. The trade was a 96.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher Nardecchia sold 2,538 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $446.43, for a total transaction of $1,133,039.34. Following the completion of the transaction, the senior vice president owned 14,232 shares in the company, valued at $6,353,591.76. The trade was a 15.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 three months. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Company 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.