Rockwell Automation, Inc. $ROK Shares Purchased by Allstate Corp

Allstate Corp increased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 105.6% during the fourth quarter, HoldingsChannel reports. The fund owned 8,289 shares of the industrial products company’s stock after buying an additional 4,257 shares during the period. Allstate Corp’s holdings in Rockwell Automation were worth $3,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROK. Brighton Jones LLC purchased a new position in shares of Rockwell Automation in the fourth quarter valued at $281,000. AQR Capital Management LLC increased its position in shares of Rockwell Automation by 75.9% in the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock valued at $2,059,000 after buying an additional 3,513 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Rockwell Automation by 142.7% during the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock valued at $1,887,000 after acquiring an additional 4,295 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Rockwell Automation by 233.6% during the first quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Rockwell Automation during the second quarter valued at $868,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Mizuho set a $445.00 price objective on Rockwell Automation in a research note on Wednesday, May 6th. HSBC increased their price objective on Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. Citigroup increased their price objective on Rockwell Automation from $466.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, KeyCorp increased their price objective on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $449.16.

Rockwell Automation Stock Performance

NYSE ROK opened at $456.34 on Thursday. The business’s 50-day moving average price is $404.94 and its 200 day moving average price is $400.61. Rockwell Automation, Inc. has a twelve month low of $305.44 and a twelve month high of $463.48. The company has a market capitalization of $50.78 billion, a PE ratio of 47.44, a price-to-earnings-growth ratio of 2.92 and a beta of 1.56. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.42. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, research analysts predict that Rockwell Automation, Inc. will post 13.01 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, May 18th. Rockwell Automation’s dividend payout ratio (DPR) is 57.38%.

Insider Buying and Selling

In other news, SVP Matthew W. Fordenwalt sold 1,200 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $400.00, for a total value of $480,000.00. Following the transaction, the senior vice president directly owned 4,437 shares in the company, valued at $1,774,800. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total value of $449,025.08. Following the completion of the transaction, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 11,713 shares of company stock worth $5,066,717. Corporate insiders own 0.76% of the company’s stock.

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.