Corient Private Wealth LLC Sells 1,630 Shares of Rockwell Automation, Inc. $ROK

Corient Private Wealth LLC lowered its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,768 shares of the industrial products company’s stock after selling 1,630 shares during the quarter. Corient Private Wealth LLC’s holdings in Rockwell Automation were worth $35,316,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Rockwell Automation during the fourth quarter worth $615,596,000. Northwestern Mutual Wealth Management Co. raised its stake in Rockwell Automation by 5,925.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock worth $352,572,000 after buying an additional 891,153 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in Rockwell Automation during the 4th quarter worth $156,017,000. Invesco Ltd. lifted its holdings in Rockwell Automation by 25.0% during the fourth quarter. Invesco Ltd. now owns 1,545,104 shares of the industrial products company’s stock worth $601,154,000 after acquiring an additional 309,316 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in Rockwell Automation by 1,666.2% in the third quarter. Balyasny Asset Management L.P. now owns 321,722 shares of the industrial products company’s stock valued at $112,451,000 after acquiring an additional 303,506 shares during the period. Institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In related news, VP Terry L. Riesterer sold 4,024 shares of the 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 transaction, the vice president owned 134 shares in the company, valued at approximately $60,563.98. This represents a 96.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John M. Miller sold 1,054 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the transaction, the vice president directly owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This trade represents a 15.80% 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 90 days. 0.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ROK has been the topic of a number of research analyst reports. Evercore raised their price target on Rockwell Automation from $440.00 to $480.00 in a research report on Wednesday, May 6th. Rothschild & Co Redburn boosted their price objective on Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. TD Cowen raised 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. Citigroup lifted their price target on shares of Rockwell Automation from $466.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company upped their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $454.05.

Rockwell Automation Stock Up 0.1%

NYSE:ROK opened at $474.16 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. The company has a market cap of $52.76 billion, a PE ratio of 49.29, a PEG ratio of 3.03 and a beta of 1.57. Rockwell Automation, Inc. has a 52-week low of $305.44 and a 52-week high of $475.92. The stock has a 50-day simple moving average of $438.17 and a 200 day simple moving average of $409.73.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 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 firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous 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. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 13 EPS for the current fiscal year.

Rockwell Automation announced that its board has initiated a stock repurchase program on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Rockwell Automation Dividend Announcement

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 given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s payout ratio is currently 57.38%.

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.