Rakuten Investment Management Inc. Purchases Shares of 3,122 Rockwell Automation, Inc. $ROK

Rakuten Investment Management Inc. acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,122 shares of the industrial products company’s stock, valued at approximately $1,091,000.

Several other institutional investors and hedge funds have also modified their holdings of ROK. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Rockwell Automation by 468.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares during the period. Rexford Capital Inc. purchased a new stake in Rockwell Automation in the 2nd quarter worth approximately $33,000. SBI Securities Co. Ltd. grew its stake in shares of 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 during the period. Financial Gravity Companies Inc. purchased a new position in shares of Rockwell Automation during the 2nd quarter valued at approximately $40,000. Finally, Sachetta LLC lifted its stake in shares of Rockwell Automation by 900.0% in the 3rd quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In related news, CEO Blake D. Moret sold 61,700 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $391.56, for a total transaction of $24,159,252.00. Following the completion of the sale, the chief executive officer owned 83,873 shares of the company’s stock, valued at approximately $32,841,311.88. This represents a 42.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 1,020 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.07, for a total transaction of $410,111.40. Following the completion of the transaction, the senior vice president directly owned 6,021 shares in the company, valued at $2,420,863.47. This trade represents a 14.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 88,053 shares of company stock valued at $34,718,919 in the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on ROK shares. Stephens raised their price target on shares of Rockwell Automation from $425.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup lifted their price target on Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Jefferies Financial Group upped their price target on Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Rockwell Automation in a report on Monday, December 29th. Finally, Argus upgraded Rockwell Automation to a “strong-buy” rating in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Rockwell Automation has a consensus rating of “Moderate Buy” and an average target price of $410.12.

Rockwell Automation Price Performance

NYSE:ROK opened at $417.75 on Friday. The stock has a 50 day moving average of $399.62 and a two-hundred day moving average of $367.72. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $429.58. The firm has a market cap of $46.90 billion, a P/E ratio of 54.54, a price-to-earnings-growth ratio of 2.93 and a beta of 1.52. 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) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company posted $2.47 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently declared 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 an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. Rockwell Automation’s payout ratio is 72.06%.

About Rockwell Automation

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.