Daiwa Securities Group Inc. Buys 1,208 Shares of Rockwell Automation, Inc. $ROK

Daiwa Securities Group Inc. raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,607 shares of the industrial products company’s stock after purchasing an additional 1,208 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Rockwell Automation were worth $18,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Rockwell Automation by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 14,206,311 shares of the industrial products company’s stock valued at $5,527,249,000 after purchasing an additional 114,469 shares in the last quarter. State Street Corp grew its stake in Rockwell Automation by 0.9% in the third quarter. State Street Corp now owns 4,793,425 shares of the industrial products company’s stock valued at $1,675,446,000 after purchasing an additional 42,809 shares in the last quarter. Geode Capital Management LLC grew its stake in Rockwell Automation by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,924,501 shares of the industrial products company’s stock valued at $1,133,397,000 after purchasing an additional 17,855 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Rockwell Automation by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,104,985 shares of the industrial products company’s stock valued at $818,986,000 after purchasing an additional 24,719 shares in the last quarter. Finally, Norges Bank bought a new position in Rockwell Automation in the fourth quarter valued at approximately $615,596,000. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ROK has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating and issued a $525.00 price target on shares of Rockwell Automation in a research note on Wednesday, May 6th. Rothschild & Co Redburn raised their price target on Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. TD Cowen lifted their target price on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Wells Fargo & Company lifted their target price on Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird reduced their target price on Rockwell Automation from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $449.16.

Insiders Place Their Bets

In related news, VP Terry L. Riesterer sold 4,024 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $451.97, for a total value of $1,818,727.28. Following the completion of the sale, the vice president directly owned 134 shares in the company, valued at $60,563.98. The trade was a 96.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the sale, the senior vice president owned 4,437 shares of the company’s stock, valued at $2,043,282.87. This trade represents a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,308 shares of company stock worth $5,339,812 over the last three months. 0.76% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of NYSE ROK opened at $446.48 on Friday. 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, Inc. has a 12 month low of $305.44 and a 12 month high of $468.11. The stock has a 50 day moving average of $418.83 and a 200-day moving average of $404.04. The company has a market capitalization of $49.68 billion, a P/E ratio of 46.41, a P/E/G ratio of 2.96 and a beta of 1.57.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS 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 company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the company posted $2.45 EPS. 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. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 13.01 EPS for the current year.

Rockwell Automation Dividend Announcement

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

Rockwell Automation Company 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.