Bank of New York Mellon Corp Has $226.19 Million Stock Position in Rockwell Automation, Inc. $ROK

Bank of New York Mellon Corp lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.5% during the first quarter, HoldingsChannel reports. The fund owned 630,279 shares of the industrial products company’s stock after selling 9,365 shares during the quarter. Bank of New York Mellon Corp’s holdings in Rockwell Automation were worth $226,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ROK. MV Capital Management Inc. acquired a new stake in Rockwell Automation in the 4th quarter worth $28,000. Manchester Capital Management LLC increased its holdings in shares of Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 39 shares during the period. First Horizon Corp acquired a new position in shares of Rockwell Automation during the fourth quarter valued at about $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Rockwell Automation during the fourth quarter valued at about $33,000. Finally, TD Capital Management LLC bought a new stake in shares of Rockwell Automation in the fourth quarter valued at about $33,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Rockwell Automation news, VP Scott Genereux sold 550 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $447.73, for a total transaction of $246,251.50. Following the sale, the vice president owned 2,764 shares of the company’s stock, valued at $1,237,525.72. This represents a 16.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction 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. The trade was a 7.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 9,361 shares of company stock worth $4,189,886. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Trading Down 1.5%

ROK stock opened at $461.50 on Friday. The business has a fifty day moving average price of $461.27 and a 200 day moving average price of $419.67. Rockwell Automation, Inc. has a fifty-two week low of $305.44 and a fifty-two week high of $497.36. The stock has a market capitalization of $51.35 billion, a price-to-earnings ratio of 47.97, a P/E/G ratio of 2.94 and a beta of 1.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Analysts expect that Rockwell Automation, Inc. will post 13.06 EPS for the current fiscal year.

Rockwell Automation declared that its board has initiated a stock repurchase program on Tuesday, June 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to buy up to 2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, August 17th. This represents a $5.52 annualized dividend and a yield of 1.2%. Rockwell Automation’s dividend payout ratio is 57.38%.

Analyst Upgrades and Downgrades

ROK has been the topic of several research reports. TD Cowen boosted their price target on Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. DA Davidson began coverage on Rockwell Automation in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $500.00 price objective for the company. Rothschild & Co Redburn lifted their price objective on Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. The Goldman Sachs Group boosted their price objective on Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. Finally, Robert W. Baird upped their target price on Rockwell Automation from $470.00 to $527.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $469.33.

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.