Rockwell Automation, Inc. $ROK Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC decreased its position in Rockwell Automation, Inc. (NYSE:ROK) by 34.2% during the first quarter, Holdings Channel reports. The firm owned 6,021 shares of the industrial products company’s stock after selling 3,126 shares during the quarter. Boston Common Asset Management LLC’s holdings in Rockwell Automation were worth $2,161,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Broderick Brian C raised its holdings in shares of Rockwell Automation by 2.1% in the 1st quarter. Broderick Brian C now owns 36,756 shares of the industrial products company’s stock valued at $13,191,000 after buying an additional 743 shares during the period. KBC Group NV boosted its holdings in Rockwell Automation by 1.3% during the 1st quarter. KBC Group NV now owns 10,900 shares of the industrial products company’s stock valued at $3,912,000 after acquiring an additional 144 shares during the period. SEB Asset Management AB purchased a new position in Rockwell Automation during the 1st quarter valued at about $61,347,000. Regents Gate Capital LLP acquired a new position in Rockwell Automation in the 1st quarter valued at about $2,625,000. Finally, Swiss National Bank increased its stake in Rockwell Automation by 7.1% during the first quarter. Swiss National Bank now owns 329,980 shares of the industrial products company’s stock worth $118,423,000 after purchasing an additional 21,840 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROK. Citigroup increased their price target on shares of Rockwell Automation from $500.00 to $555.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Wall Street Zen downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. TD Cowen increased their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Finally, Barclays raised their price target on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $469.33.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $461.50 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. The company has a market cap of $51.35 billion, a price-to-earnings ratio of 47.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.54. The stock’s 50-day moving average is $461.27 and its two-hundred day moving average is $419.84. Rockwell Automation, Inc. has a 1-year low of $305.44 and a 1-year high of $497.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the business posted $2.45 EPS. The business’s quarterly revenue 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. Analysts forecast that Rockwell Automation, Inc. will post 13.06 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 yield of 1.2%. Rockwell Automation’s payout ratio is currently 57.38%.

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

Insider Buying and Selling

In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total value of $449,025.08. Following the sale, the vice president directly owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Terry L. Riesterer sold 4,024 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the sale, the vice president owned 134 shares in the company, valued at $60,563.98. The trade was a 96.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,361 shares of company stock valued at $4,189,886 over the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

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.