Rockwell Automation, Inc. $ROK Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel cut its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 14.9% during the third quarter, Holdings Channel reports. The firm owned 59,345 shares of the industrial products company’s stock after selling 10,421 shares during the quarter. Carnegie Investment Counsel’s holdings in Rockwell Automation were worth $20,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Rockwell Automation by 468.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after buying an additional 75 shares in the last quarter. Rexford Capital Inc. acquired a new stake in shares of Rockwell Automation in the second quarter valued at $33,000. Legend Financial Advisors Inc. purchased a new position in Rockwell Automation in the second quarter valued at $39,000. SBI Securities Co. Ltd. grew its stake in Rockwell Automation by 48.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 38 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in Rockwell Automation during the 2nd quarter worth about $40,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ROK shares. JPMorgan Chase & Co. lifted their price objective on Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Robert W. Baird raised their target price on shares of Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Evercore ISI started coverage on shares of Rockwell Automation in a report on Monday, December 15th. They set an “in-line” rating and a $440.00 price target for the company. Citigroup increased their target price on Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Jefferies Financial Group upped their price objective on Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and an average price target of $403.31.

Insider Buying and Selling

In other news, VP Isaac Woods sold 229 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $401.92, for a total transaction of $92,039.68. Following the transaction, the vice president directly owned 2,058 shares of the company’s stock, valued at $827,151.36. This represents a 10.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 476 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.02, for a total value of $191,361.52. Following the completion of the transaction, the senior vice president directly owned 2,401 shares of the company’s stock, valued at $965,250.02. The trade was a 16.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,253 shares of company stock worth $34,405,319 in the last three months. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $399.38 on Friday. The firm has a market cap of $44.84 billion, a P/E ratio of 52.14, a P/E/G ratio of 2.67 and a beta of 1.50. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $415.89. The business’s 50-day moving average price is $383.38 and its 200 day moving average price is $356.40. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were paid a $1.38 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date was Monday, November 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. Rockwell Automation’s dividend payout ratio (DPR) is 72.06%.

Rockwell Automation Company Profile

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.