California Public Employees Retirement System Has $70.42 Million Stock Position in Rockwell Automation, Inc. $ROK

California Public Employees Retirement System lowered its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 196,223 shares of the industrial products company’s stock after selling 5,384 shares during the period. California Public Employees Retirement System’s holdings in Rockwell Automation were worth $70,421,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ROK. MV Capital Management Inc. bought a new stake in Rockwell Automation in the fourth quarter valued at approximately $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 acquiring an additional 39 shares during the last quarter. First Horizon Corp acquired a new position in shares of Rockwell Automation during the 4th quarter worth approximately $32,000. BOK Financial Private Wealth Inc. bought a new stake in Rockwell Automation in the 4th quarter valued at $33,000. Finally, TD Capital Management LLC bought a new stake in Rockwell Automation in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE:ROK opened at $461.50 on Monday. The stock has a market cap of $51.35 billion, a P/E ratio of 47.97, a PEG ratio of 2.94 and a beta of 1.54. The stock has a 50 day simple moving average of $461.27 and a 200 day simple moving average of $419.84. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $305.44 and a 1-year high of $497.36.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results 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 the consensus estimate of $2.16 billion. During the same period in the previous year, the company posted $2.45 EPS. The firm’s quarterly 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. Research analysts anticipate that Rockwell Automation, Inc. will post 13.06 earnings per share for the current year.

Rockwell Automation announced that its board has authorized a share repurchase plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Rockwell Automation Dividend Announcement

The firm also recently announced 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 presently 57.38%.

Insiders Place Their Bets

In related news, SVP Christopher Nardecchia sold 2,538 shares of the firm’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 transaction, the senior vice president directly owned 14,232 shares of the company’s stock, valued at approximately $6,353,591.76. This trade represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 600 shares of Rockwell Automation stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $449.58, for a total transaction of $269,748.00. Following the completion of the sale, the senior vice president owned 4,437 shares of the company’s stock, valued at $1,994,786.46. This trade represents a 11.91% 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. Insiders sold a total of 9,361 shares of company stock valued at $4,189,886 in the last three months. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Evercore increased their price objective on shares of Rockwell Automation from $440.00 to $480.00 in a research report on Wednesday, May 6th. Zacks Research upgraded shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Finally, Mizuho set a $445.00 price target on shares of Rockwell Automation in a research note on Wednesday, May 6th. One 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 has an average rating of “Moderate Buy” and an average target price of $469.33.

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.