Fullerton Fund Management Co Ltd. Acquires Shares of 175,764 Rockwell Automation, Inc. $ROK

by · The Cerbat Gem

Fullerton Fund Management Co Ltd. acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 175,764 shares of the industrial products company’s stock, valued at approximately $58,384,000. Rockwell Automation makes up approximately 2.4% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 17th biggest position. Fullerton Fund Management Co Ltd. owned about 0.16% of Rockwell Automation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Rockwell Automation by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock valued at $4,669,781,000 after purchasing an additional 207,448 shares during the period. Geode Capital Management LLC lifted its stake in shares of Rockwell Automation by 1.7% in the second quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock valued at $950,744,000 after buying an additional 48,105 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after buying an additional 191,370 shares during the last quarter. Northern Trust Corp increased its position in shares of Rockwell Automation by 0.4% during the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock worth $360,777,000 after acquiring an additional 4,972 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Rockwell Automation by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock worth $302,307,000 after acquiring an additional 11,849 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Rebecca W. House sold 1,698 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.06, for a total value of $682,697.88. Following the transaction, the senior vice president owned 12,200 shares in the company, valued at approximately $4,905,132. This represents a 12.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Blake D. Moret sold 61,700 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $391.56, for a total value of $24,159,252.00. Following the transaction, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at approximately $32,841,311.88. This trade represents a 42.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 87,253 shares of company stock worth $34,405,319. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Performance

Shares of ROK opened at $405.06 on Friday. The stock has a 50 day moving average of $372.87 and a 200 day moving average of $350.88. The company has a market capitalization of $45.48 billion, a price-to-earnings ratio of 52.88, a PEG ratio of 2.77 and a beta of 1.50. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $415.89. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th were paid a $1.38 dividend. The ex-dividend date was Monday, November 17th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. Rockwell Automation’s dividend payout ratio is presently 72.06%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ROK. TD Cowen raised their price target on shares of Rockwell Automation from $275.00 to $330.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Bank of America raised their target price on Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Citigroup increased their price target on Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group lifted their price objective on shares of Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Read Our Latest Report on ROK

Rockwell Automation Company Profile

(Free Report)

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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