Prudential PLC Raises Stock Holdings in Rockwell Automation, Inc. $ROK
by Renee Jackson · The Cerbat GemPrudential PLC increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 32.4% in the second quarter, HoldingsChannel reports. The firm owned 16,893 shares of the industrial products company’s stock after buying an additional 4,130 shares during the quarter. Prudential PLC’s holdings in Rockwell Automation were worth $5,611,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in ROK. Capital Investment Advisors LLC lifted its position in Rockwell Automation by 5.7% during the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after buying an additional 119 shares in the last quarter. Patton Fund Management Inc. purchased a new position in shares of Rockwell Automation in the 2nd quarter valued at $294,000. Brighton Jones LLC purchased a new position in shares of Rockwell Automation in the 4th quarter valued at $281,000. Integrity Alliance LLC. acquired a new position in shares of Rockwell Automation during the 1st quarter valued at $293,000. Finally, Focus Partners Wealth boosted its position in Rockwell Automation by 20.4% during the 1st quarter. Focus Partners Wealth now owns 13,348 shares of the industrial products company’s stock worth $3,449,000 after purchasing an additional 2,264 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.
Rockwell Automation Stock Up 2.7%
Shares of NYSE:ROK opened at $378.77 on Friday. The firm has a market cap of $42.53 billion, a PE ratio of 44.46, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. The company has a fifty day simple moving average of $357.03 and a 200 day simple moving average of $340.55. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $398.20.
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.40. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.
Rockwell Automation Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s payout ratio is 72.06%.
Insider Transactions at Rockwell Automation
In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 822 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total transaction of $300,030.00. Following the sale, the senior vice president owned 983 shares in the company, valued at $358,795. This represents a 45.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the transaction, the director owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 92,075 shares of company stock valued at $34,820,361 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.
Analyst Ratings Changes
Several research analysts have commented on the company. Bank of America raised their price objective on Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp increased their target price on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Wells Fargo & Company upped their price target on Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Finally, Robert W. Baird increased their price objective on shares of Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.44.
Read Our Latest Research Report on ROK
Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.
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