Edgestream Partners L.P. Acquires New Position in Rockwell Automation, Inc. $ROK

Edgestream Partners L.P. bought a new position in Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,464 shares of the industrial products company’s stock, valued at approximately $486,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Rockwell Automation by 1.5% during the second quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock valued at $4,669,781,000 after buying an additional 207,448 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Rockwell Automation by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock worth $950,744,000 after purchasing an additional 48,105 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 purchasing an additional 191,370 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock valued at $374,176,000 after purchasing an additional 30,837 shares in the last quarter. Finally, Northern Trust Corp boosted 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 valued at $360,777,000 after buying an additional 4,972 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

ROK opened at $403.87 on Monday. The company’s 50 day moving average is $367.06 and its 200 day moving average is $347.98. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The company has a market cap of $45.34 billion, a price-to-earnings ratio of 52.73, a PEG ratio of 2.71 and a beta of 1.50. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $406.44.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results 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 business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

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

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 2,370 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $403.45, for a total transaction of $956,176.50. Following the completion of the sale, the senior vice president owned 1,964 shares of the company’s stock, valued at approximately $792,375.80. The trade was a 54.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Matthew W. Fordenwalt sold 295 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $402.92, for a total value of $118,861.40. Following the completion of the transaction, the senior vice president directly owned 4,529 shares in the company, valued at $1,824,824.68. This trade represents a 6.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 94,213 shares of company stock valued at $35,927,298 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ROK. Robert W. Baird boosted their target price on Rockwell Automation from $392.00 to $402.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Bank of America lifted their price target on shares of Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Oppenheimer restated an “outperform” rating and set a $391.00 price objective on shares of Rockwell Automation in a research report on Friday, November 7th. Citigroup restated a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

About Rockwell Automation

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.