Bank of New York Mellon Corp Reduces Position in Rockwell Automation, Inc. $ROK

Bank of New York Mellon Corp decreased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 723,937 shares of the industrial products company’s stock after selling 1,755 shares during the period. Bank of New York Mellon Corp’s holdings in Rockwell Automation were worth $253,038,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Rockwell Automation by 468.8% in 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 during the period. Rexford Capital Inc. purchased a new stake in shares of Rockwell Automation during the second quarter worth $33,000. SBI Securities Co. Ltd. boosted its holdings in shares of Rockwell Automation by 48.7% in the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 38 shares during the period. Financial Gravity Companies Inc. purchased a new position in shares of Rockwell Automation in the second quarter valued at $40,000. Finally, Sachetta LLC lifted its holdings in Rockwell Automation by 900.0% during the 3rd quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 108 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROK has been the subject of a number of recent analyst reports. Citigroup lifted 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. Zacks Research lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. TD Cowen upped their target price on shares of Rockwell Automation from $275.00 to $330.00 and gave the stock a “hold” rating in a report on Tuesday, December 2nd. Wells Fargo & Company increased their target price on shares of Rockwell Automation from $380.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rockwell Automation in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $410.12.

Insider Activity

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,020 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.07, for a total transaction of $410,111.40. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 2,370 shares of Rockwell Automation stock in a transaction on 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 transaction, the senior vice president owned 1,964 shares in the company, valued at approximately $792,375.80. The trade was a 54.68% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 87,231 shares of company stock worth $34,418,889. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $426.63 on Friday. The company’s fifty day moving average price is $403.70 and its 200-day moving average price is $369.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 0.77. The firm has a market capitalization of $47.90 billion, a price-to-earnings ratio of 55.70, a PEG ratio of 2.91 and a beta of 1.52. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $429.58.

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

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.