DAVENPORT & Co LLC Sells 7,562 Shares of Rockwell Automation, Inc. $ROK

DAVENPORT & Co LLC lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 411,266 shares of the industrial products company’s stock after selling 7,562 shares during the period. Rockwell Automation makes up approximately 0.9% of DAVENPORT & Co LLC’s holdings, making the stock its 27th largest holding. DAVENPORT & Co LLC owned approximately 0.37% of Rockwell Automation worth $160,487,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Rockwell Automation by 7.1% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 61,834 shares of the industrial products company’s stock valued at $21,613,000 after acquiring an additional 4,086 shares during the period. Bessemer Group Inc. raised its holdings in shares of Rockwell Automation by 180.5% in the third quarter. Bessemer Group Inc. now owns 5,842 shares of the industrial products company’s stock valued at $2,042,000 after acquiring an additional 3,759 shares in the last quarter. Brighton Jones LLC purchased a new stake in Rockwell Automation in the fourth quarter worth about $281,000. Maridea Wealth Management LLC grew its holdings in Rockwell Automation by 580.0% during the 4th quarter. Maridea Wealth Management LLC now owns 5,522 shares of the industrial products company’s stock worth $2,148,000 after acquiring an additional 4,710 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in Rockwell Automation during the 3rd quarter valued at about $777,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Up 1.0%

Rockwell Automation stock opened at $361.28 on Wednesday. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $438.72. The business has a fifty day moving average price of $396.63 and a 200-day moving average price of $381.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.16 and a quick ratio of 0.80. The stock has a market capitalization of $40.59 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 2.56 and a beta of 1.53.

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

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a $1.38 dividend. The ex-dividend date was Monday, February 23rd. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. Rockwell Automation’s dividend payout ratio (DPR) is 63.16%.

Insider Activity at Rockwell Automation

In related news, SVP Christopher Nardecchia sold 14,465 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $410.01, for a total value of $5,930,794.65. Following the transaction, the senior vice president directly owned 14,232 shares of the company’s stock, valued at $5,835,262.32. This represents a 50.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rebecca W. House sold 12,100 shares of Rockwell Automation stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $404.27, for a total value of $4,891,667.00. Following the sale, the senior vice president directly owned 12,200 shares of the company’s stock, valued at approximately $4,932,094. This represents a 49.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 49,228 shares of company stock worth $19,992,391 in the last 90 days. 0.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Mizuho upped their price target on shares of Rockwell Automation from $380.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Rothschild & Co Redburn upped their target price on Rockwell Automation from $335.00 to $365.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. TD Cowen lifted their price target on Rockwell Automation from $330.00 to $350.00 and gave the company a “hold” rating in a report on Friday, February 20th. Stephens upped their price objective on Rockwell Automation from $425.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Rockwell Automation from $400.00 to $404.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $418.33.

Rockwell Automation 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.