Rockland Trust Co. Sells 3,677 Shares of Rockwell Automation, Inc. $ROK

Rockland Trust Co. reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,895 shares of the industrial products company’s stock after selling 3,677 shares during the quarter. Rockland Trust Co.’s holdings in Rockwell Automation were worth $8,002,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC raised its position in shares of Rockwell Automation by 8.9% during the third quarter. Wealthfront Advisers LLC now owns 8,293 shares of the industrial products company’s stock valued at $2,899,000 after buying an additional 676 shares during the last quarter. Summit Asset Management LLC increased its stake in Rockwell Automation by 5.3% during the third quarter. Summit Asset Management LLC now owns 5,944 shares of the industrial products company’s stock valued at $2,078,000 after acquiring an additional 300 shares during the period. Prospera Financial Services Inc increased its stake in Rockwell Automation by 6.6% during the third quarter. Prospera Financial Services Inc now owns 4,505 shares of the industrial products company’s stock valued at $1,575,000 after acquiring an additional 277 shares during the period. LexAurum Advisors LLC acquired a new position in Rockwell Automation in the 3rd quarter valued at approximately $233,000. Finally, AdvisorShares Investments LLC lifted its position in shares of Rockwell Automation by 57.3% in the 3rd quarter. AdvisorShares Investments LLC now owns 236 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 86 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Terry L. Riesterer sold 800 shares of Rockwell Automation stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $392.00, for a total value of $313,600.00. Following the completion of the transaction, the vice president directly owned 1,234 shares of the company’s stock, valued at $483,728. The trade was a 39.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matthew W. Fordenwalt sold 146 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $402.48, for a total transaction of $58,762.08. Following the sale, the senior vice president directly owned 4,437 shares in the company, valued at approximately $1,785,803.76. This represents a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 25,531 shares of company stock worth $10,259,637. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Trading Down 1.1%

Shares of Rockwell Automation stock opened at $410.37 on Tuesday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $438.72. The stock has a market capitalization of $46.11 billion, a P/E ratio of 46.95, a price-to-earnings-growth ratio of 2.92 and a beta of 1.52. The company has a 50-day simple moving average of $408.04 and a 200 day simple moving average of $373.27. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 0.68.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.29. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.92%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the firm earned $1.83 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ROK. JPMorgan Chase & Co. boosted their price objective on Rockwell Automation from $400.00 to $404.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Argus upgraded shares of Rockwell Automation to a “strong-buy” rating in a research note on Friday, January 16th. KeyCorp reissued an “overweight” rating and issued a $470.00 price target on shares of Rockwell Automation in a report on Friday. The Goldman Sachs Group raised shares of Rockwell Automation from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $329.00 to $448.00 in a report on Tuesday, December 16th. Finally, Robert W. Baird set a $430.00 target price on shares of Rockwell Automation in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $417.22.

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.