Argent Trust Co Has $1.66 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

11 Apr 2025, 07:18 by Jessica Moore · The Cerbat Gem

Argent Trust Co cut its holdings in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,812 shares of the industrial products company’s stock after selling 120 shares during the quarter. Argent Trust Co’s holdings in Rockwell Automation were worth $1,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ROK. West Oak Capital LLC lifted its stake in shares of Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation during the 4th quarter worth $34,000. SBI Securities Co. Ltd. bought a new stake in Rockwell Automation during the fourth quarter valued at about $35,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $38,000. Finally, Knuff & Co LLC increased its stake in shares of Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ROK. The Goldman Sachs Group lifted their price target on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on shares of Rockwell Automation from $248.00 to $201.00 and set an “underweight” rating for the company in a research note on Tuesday. Loop Capital raised their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and upped their price objective for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Finally, Oppenheimer boosted their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $300.63.

Get Our Latest Research Report on ROK

Insider Transactions at Rockwell Automation

In other news, SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now owns 3,650 shares of the company’s stock, valued at $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the sale, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,750 shares of company stock valued at $1,075,923. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of ROK opened at $230.22 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The firm has a 50-day moving average of $268.95 and a 200-day moving average of $276.84. The company has a market cap of $26.03 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $308.70.

Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 2.28%. The ex-dividend date is Monday, May 19th. Rockwell Automation’s payout ratio is 65.26%.

Rockwell Automation Profile

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