Pictet Asset Management Holding SA Reduces Stock Holdings in Rockwell Automation, Inc. $ROK

Pictet Asset Management Holding SA lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 13.4% during the fourth quarter, Holdings Channel reports. The firm owned 84,880 shares of the industrial products company’s stock after selling 13,160 shares during the period. Pictet Asset Management Holding SA’s holdings in Rockwell Automation were worth $33,033,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. First Horizon Corp purchased a new position in shares of Rockwell Automation in the 4th quarter valued at $32,000. Fortitude Family Office LLC lifted its position in Rockwell Automation by 109.5% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Ameriflex Group Inc. lifted its position in Rockwell Automation by 100.0% in the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. Sachetta LLC boosted its stake in Rockwell Automation by 900.0% in the third quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 108 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of Rockwell Automation during the third quarter worth about $47,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Tessa M. Myers sold 1,985 shares of Rockwell Automation stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $409.37, for a total value of $812,599.45. Following the transaction, the senior vice president directly owned 4,036 shares in the company, valued at $1,652,217.32. This trade represents a 32.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Isaac Woods sold 1,271 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $405.69, for a total transaction of $515,631.99. Following the completion of the transaction, the vice president directly owned 1,687 shares in the company, valued at $684,399.03. This represents a 42.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 51,375 shares of company stock valued at $20,828,717. 0.76% of the stock is owned by company insiders.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $399.93 on Thursday. Rockwell Automation, Inc. has a one year low of $240.13 and a one year high of $438.72. The stock has a market capitalization of $44.93 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 2.90 and a beta of 1.54. The company has a 50-day simple moving average of $383.34 and a 200-day simple moving average of $389.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 1.16.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.29. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $1.83 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. On average, analysts predict that Rockwell Automation, Inc. will post 12.14 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. Rockwell Automation’s payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ROK shares. Argus upgraded Rockwell Automation to a “strong-buy” rating in a research report on Friday, January 16th. TD Cowen raised their price target on Rockwell Automation from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Wells Fargo & Company cut their price target on Rockwell Automation from $410.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Rothschild & Co Redburn boosted their price objective on Rockwell Automation from $335.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. increased their price objective on Rockwell Automation from $400.00 to $404.00 and gave the company a “neutral” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and an average target price of $406.67.

Rockwell Automation 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.