Vise Technologies Inc. Acquires Shares of 4,940 Rockwell Automation, Inc. $ROK

by · The Markets Daily

Vise Technologies Inc. bought a new position in Rockwell Automation, Inc. (NYSE:ROK – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,940 shares of the industrial products company’s stock, valued at approximately $2,446,000.

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

Insider Activity

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the transaction, the senior vice president owned 4,437 shares of the company’s stock, valued at $2,043,282.87. The trade was a 7.83% decrease in their position. The transaction was disclosed in a 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, CFO Christian E. Rothe sold 590 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the transaction, the chief financial officer directly owned 10,429 shares of the company’s stock, valued at approximately $4,529,314.70. This represents a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,185 shares of company stock valued at $529,331 in the last three months. 0.76% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Mizuho set a $445.00 price objective on shares of Rockwell Automation in a research note on Wednesday, May 6th. Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Wells Fargo & Company lifted their price target on Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Rockwell Automation has an average rating of “Hold” and an average price target of $468.19.

Get Our Latest Stock Report on ROK

Rockwell Automation Trading Up 1.4%

Rockwell Automation stock opened at $437.50 on Friday. The stock has a market cap of $48.58 billion, a P/E ratio of 41.00, a PEG ratio of 2.52 and a beta of 1.54. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36. The firm’s fifty day moving average price is $461.98 and its 200-day moving average price is $427.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK – Get Free Report) last posted 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 analyst estimates of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities research analysts forecast that Rockwell Automation, Inc. will post 13.22 earnings per share for the current fiscal year.

Rockwell Automation declared 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 shares. This repurchase authorization authorizes the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Rockwell Automation’s payout ratio is presently 51.73%.

About Rockwell Automation

(Free Report)

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.

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