BI Asset Management Fondsmaeglerselskab A S Trims Stake in Rockwell Automation, Inc. $ROK

BI Asset Management Fondsmaeglerselskab A S lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 58.0% in the 1st quarter, Holdings Channel reports. The firm owned 5,136 shares of the industrial products company’s stock after selling 7,082 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Rockwell Automation were worth $1,843,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. MV Capital Management Inc. purchased a new stake in shares of Rockwell Automation in the fourth quarter worth approximately $28,000. Manchester Capital Management LLC boosted its holdings in Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 39 shares during the period. First Horizon Corp bought a new position in Rockwell Automation in the 4th quarter valued at $32,000. BOK Financial Private Wealth Inc. purchased a new stake in Rockwell Automation in the fourth quarter worth $33,000. Finally, TD Capital Management LLC purchased a new stake in Rockwell Automation in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Activity

In other news, SVP Matthew W. Fordenwalt sold 1,200 shares of Rockwell Automation stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $400.00, for a total transaction of $480,000.00. Following the completion of the transaction, the senior vice president directly owned 4,437 shares of the company’s stock, valued at $1,774,800. The trade was a 21.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Nardecchia sold 2,538 shares of Rockwell Automation stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $446.43, for a total transaction of $1,133,039.34. Following the completion of the transaction, the senior vice president directly owned 14,232 shares of the company’s stock, valued at $6,353,591.76. The trade was a 15.13% decrease in their position. 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. Insiders have sold a total of 12,308 shares of company stock valued at $5,339,812 over the last quarter. Insiders own 0.76% of the company’s stock.

Rockwell Automation Trading Down 4.4%

NYSE:ROK opened at $457.25 on Wednesday. The stock has a market capitalization of $50.88 billion, a price-to-earnings ratio of 47.53, a PEG ratio of 3.06 and a beta of 1.57. Rockwell Automation, Inc. has a 52 week low of $305.44 and a 52 week high of $479.59. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $441.05 and a 200 day moving average of $410.74.

Rockwell Automation (NYSE:ROK) last issued its quarterly 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. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, sell-side analysts anticipate that Rockwell Automation, Inc. will post 13 earnings per share for the current fiscal year.

Rockwell Automation declared that its Board of Directors has approved a share repurchase plan on Tuesday, June 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to buy up to 2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation’s dividend payout ratio is presently 57.38%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROK. HSBC boosted their target price on shares of Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. Mizuho set a $445.00 price objective on shares of Rockwell Automation in a report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating and issued a $525.00 price objective on shares of Rockwell Automation in a research report on Wednesday, May 6th. TD Cowen upped their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Rockwell Automation from $404.00 to $417.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $454.05.

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.