Uniting Wealth Partners LLC Purchases New Position in Rockwell Automation, Inc. $ROK

Uniting Wealth Partners LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,658 shares of the industrial products company’s stock, valued at approximately $821,000.

A number of other hedge funds also recently bought and sold shares of ROK. Norges Bank acquired a new stake in Rockwell Automation in the fourth quarter valued at approximately $615,596,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Rockwell Automation by 5,925.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock valued at $352,572,000 after buying an additional 891,153 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Rockwell Automation in the 2nd quarter valued at $300,589,000. Eurizon Capital SGR S.p.A. acquired a new stake in Rockwell Automation in the 4th quarter valued at $156,017,000. Finally, Invesco Ltd. increased its holdings in Rockwell Automation by 25.0% in the 4th quarter. Invesco Ltd. now owns 1,545,104 shares of the industrial products company’s stock worth $601,154,000 after acquiring an additional 309,316 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE:ROK opened at $449.33 on Monday. The company’s 50-day moving average price is $463.72 and its 200-day moving average price is $426.49. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The company has a market cap of $49.90 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.62 and a beta of 1.54. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.11. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. Rockwell Automation’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, sell-side analysts forecast that Rockwell Automation, Inc. will post 13.22 earnings per share for the current fiscal year.

Rockwell Automation announced that its board has initiated a stock buyback program on Tuesday, June 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to purchase up to 2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Rockwell Automation Dividend Announcement

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. The ex-dividend date 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 is 51.73%.

Insider Buying and Selling

In other news, SVP Matthew W. Fordenwalt sold 377 shares of Rockwell Automation stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the transaction, the senior vice president owned 4,437 shares in the company, valued at $2,043,282.87. The trade was a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the business’s stock in a transaction dated 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 approximately $2,392,102.30. The trade was a 15.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,649 shares of company stock valued at $722,119 over the last 90 days. Company insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ROK shares. JPMorgan Chase & Co. increased their price objective on shares of Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating and set a $525.00 target price on shares of Rockwell Automation in a research note on Wednesday, May 6th. DA Davidson initiated coverage on shares of Rockwell Automation in a research report on Tuesday, June 16th. They set a “neutral” rating and a $500.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. Finally, KeyCorp lifted their price objective on Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $468.67.

About Rockwell Automation

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.