Rockwell Automation, Inc. $ROK Shares Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC increased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 119.9% in the first quarter, Holdings Channel reports. The institutional investor owned 5,909 shares of the industrial products company’s stock after acquiring an additional 3,222 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Rockwell Automation were worth $2,121,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Peregrine Asset Advisers Inc. boosted its stake in Rockwell Automation by 33.6% during the 1st quarter. Peregrine Asset Advisers Inc. now owns 796 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 200 shares during the last quarter. Keybank National Association OH increased its position in shares of Rockwell Automation by 5.1% in the 1st quarter. Keybank National Association OH now owns 42,421 shares of the industrial products company’s stock worth $15,224,000 after purchasing an additional 2,070 shares during the last quarter. Essex Financial Services Inc. increased its position in shares of Rockwell Automation by 24.0% in the 1st quarter. Essex Financial Services Inc. now owns 925 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 179 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of Rockwell Automation by 4.2% during the first quarter. IFM Investors Pty Ltd now owns 25,981 shares of the industrial products company’s stock worth $9,324,000 after purchasing an additional 1,045 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of Rockwell Automation during the first quarter worth about $3,193,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Christopher Nardecchia sold 2,538 shares of the business’s stock in a transaction dated 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $387.50, for a total transaction of $484,375.00. Following the completion of the transaction, the senior vice president owned 1,734 shares of the company’s stock, valued at approximately $671,925. This trade represents a 41.89% 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. In the last ninety days, insiders have sold 12,009 shares of company stock valued at $5,232,471. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Trading Up 0.1%

Shares of NYSE ROK opened at $471.99 on Monday. The company has a market cap of $52.52 billion, a price-to-earnings ratio of 49.06, a price-to-earnings-growth ratio of 3.01 and a beta of 1.54. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $497.36. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $452.22 and its 200 day simple moving average is $414.81.

Rockwell Automation (NYSE:ROK) last issued 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. 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business earned $2.45 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities research analysts expect that Rockwell Automation, Inc. will post 13.05 EPS for the current year.

Rockwell Automation declared that its Board of Directors has initiated a share repurchase program on Tuesday, June 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Rockwell Automation Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on ROK shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. TD Cowen increased their target price on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. HSBC lifted their target price on Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. Zacks Research upgraded Rockwell Automation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. Finally, Robert W. Baird upped their price target on Rockwell Automation from $470.00 to $527.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $462.82.

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.