Truist Financial Corp Sells 6,201 Shares of Rockwell Automation, Inc. $ROK

Truist Financial Corp reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 127,601 shares of the industrial products company’s stock after selling 6,201 shares during the period. Truist Financial Corp owned about 0.11% of Rockwell Automation worth $44,600,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC grew its stake in Rockwell Automation by 5.7% in the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 119 shares during the period. Brighton Jones LLC bought a new stake in shares of Rockwell Automation in the fourth quarter worth $281,000. Ferguson Wellman Capital Management Inc. bought a new stake in Rockwell Automation during the third quarter valued at approximately $777,000. Schroder Investment Management Group increased its position in Rockwell Automation by 796.0% in the second quarter. Schroder Investment Management Group now owns 97,367 shares of the industrial products company’s stock worth $32,342,000 after buying an additional 86,500 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in Rockwell Automation in the 2nd quarter worth $234,000. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $426.63 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. The stock has a market capitalization of $47.90 billion, a price-to-earnings ratio of 55.70, a PEG ratio of 2.91 and a beta of 1.52. The company has a 50-day simple moving average of $403.70 and a 200-day simple moving average of $369.70. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $429.58.

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 the consensus estimate of $2.94 by $0.40. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the firm earned $2.47 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROK. Argus raised shares of Rockwell Automation to a “strong-buy” rating in a report on Friday, January 16th. Barclays upped their price target on Rockwell Automation from $435.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Evercore ISI initiated coverage on Rockwell Automation in a research note on Monday, December 15th. They issued an “in-line” rating and a $440.00 target price on the stock. TD Cowen lifted their price target on shares of Rockwell Automation from $275.00 to $330.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group upgraded shares of Rockwell Automation from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $329.00 to $448.00 in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $410.12.

Insider Buying and Selling

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 146 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.48, for a total transaction of $58,762.08. Following the sale, the senior vice president owned 4,437 shares in the company, valued at $1,785,803.76. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Terry L. Riesterer sold 800 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $392.00, for a total value of $313,600.00. Following the transaction, the vice president owned 1,234 shares of the company’s stock, valued at $483,728. This represents a 39.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 87,231 shares of company stock valued at $34,418,889. 0.76% of the stock is 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.