Covea Finance Sells 4,600 Shares of Rockwell Automation, Inc. $ROK

Covea Finance reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 61,709 shares of the industrial products company’s stock after selling 4,600 shares during the period. Covea Finance owned about 0.05% of Rockwell Automation worth $24,009,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Norges Bank acquired a new position in Rockwell Automation during the second quarter worth approximately $368,575,000. Holocene Advisors LP lifted its position in shares of Rockwell Automation by 128.9% in the second quarter. Holocene Advisors LP now owns 866,992 shares of the industrial products company’s stock valued at $287,989,000 after buying an additional 488,262 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rockwell Automation by 122.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 819,708 shares of the industrial products company’s stock worth $286,522,000 after acquiring an additional 451,038 shares during the period. Marshall Wace LLP boosted its stake in shares of Rockwell Automation by 294.5% during the 2nd quarter. Marshall Wace LLP now owns 429,492 shares of the industrial products company’s stock worth $142,664,000 after acquiring an additional 320,627 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Rockwell Automation by 1,666.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 321,722 shares of the industrial products company’s stock worth $112,451,000 after acquiring an additional 303,506 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ROK shares. KeyCorp reaffirmed an “overweight” rating and set a $470.00 price target on shares of Rockwell Automation in a report on Friday, February 6th. Jefferies Financial Group upped their price objective on shares of Rockwell Automation from $450.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. TD Cowen increased their price objective on shares of Rockwell Automation from $330.00 to $350.00 and gave the company a “hold” rating in a research report on Friday, February 20th. The Goldman Sachs Group upgraded shares of Rockwell Automation from a “sell” rating to a “neutral” rating and raised their target price for the stock from $329.00 to $448.00 in a research note on Tuesday, December 16th. Finally, Robert W. Baird set a $430.00 target price on shares of Rockwell Automation in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $418.33.

Rockwell Automation Stock Down 0.2%

ROK stock opened at $355.02 on Friday. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $438.72. The business has a 50-day simple moving average of $398.87 and a 200 day simple moving average of $380.77. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 0.68. The company has a market cap of $39.89 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 2.54 and a beta of 1.53.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.08 billion. During the same period in the prior year, the company posted $1.83 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were given a dividend of $1.38 per share. The ex-dividend date was Monday, February 23rd. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Rockwell Automation’s dividend payout ratio (DPR) is currently 63.16%.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,985 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $409.37, for a total value of $812,599.45. Following the sale, the senior vice president owned 4,036 shares of the company’s stock, valued at approximately $1,652,217.32. This trade represents a 32.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Isaac Woods sold 1,271 shares of Rockwell Automation stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $405.69, for a total value of $515,631.99. Following the completion of the transaction, the vice president owned 1,687 shares in the company, valued at approximately $684,399.03. The trade was a 42.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 49,228 shares of company stock valued at $19,992,391 over the last three months. 0.76% of the stock is owned by corporate insiders.

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.