Thrivent Financial for Lutherans Reduces Stock Position in Rockwell Automation, Inc. $ROK

Thrivent Financial for Lutherans reduced its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 2.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 447,635 shares of the industrial products company’s stock after selling 10,054 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Rockwell Automation were worth $156,461,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Rockwell Automation by 468.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares during the last quarter. Rexford Capital Inc. bought a new position in Rockwell Automation in the 2nd quarter worth $33,000. SBI Securities Co. Ltd. lifted its holdings in Rockwell Automation by 48.7% during the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 38 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in shares of Rockwell Automation in the second quarter worth about $40,000. Finally, Sachetta LLC lifted its stake in Rockwell Automation by 900.0% in the 3rd quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of analyst reports. Evercore ISI assumed coverage on shares of Rockwell Automation in a report on Monday, December 15th. They issued an “in-line” rating and a $440.00 price target for the company. Barclays upped their price target on shares of Rockwell Automation from $435.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Rothschild & Co Redburn raised their target price on shares of Rockwell Automation from $335.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Jefferies Financial Group lifted their price objective on shares of Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Finally, Stephens lifted their price objective on Rockwell Automation from $425.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and an average target price of $410.12.

Insiders Place Their Bets

In related news, VP Terry L. Riesterer sold 800 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $392.00, for a total transaction of $313,600.00. Following the transaction, the vice president owned 1,234 shares of the company’s stock, valued at approximately $483,728. This represents a 39.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 476 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.02, for a total transaction of $191,361.52. Following the completion of the transaction, the senior vice president directly owned 2,401 shares of the company’s stock, valued at $965,250.02. This represents a 16.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 87,231 shares of company stock valued at $34,418,889. Insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $421.67 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $429.58. The business’s 50 day moving average price is $404.56 and its 200 day moving average price is $370.41. The company has a market cap of $47.34 billion, a price-to-earnings ratio of 55.05, a PEG ratio of 2.99 and a beta of 1.52.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. Rockwell Automation’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

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.