Bank of New York Mellon Corp Lowers Stock Holdings in Rockwell Automation, Inc. $ROK

Bank of New York Mellon Corp reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 639,644 shares of the industrial products company’s stock after selling 84,293 shares during the period. Bank of New York Mellon Corp’s holdings in Rockwell Automation were worth $248,866,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Rockwell Automation by 7.1% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 61,834 shares of the industrial products company’s stock valued at $21,613,000 after purchasing an additional 4,086 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $1,556,000. Bessemer Group Inc. boosted its holdings in shares of Rockwell Automation by 180.5% in the 3rd quarter. Bessemer Group Inc. now owns 5,842 shares of the industrial products company’s stock valued at $2,042,000 after purchasing an additional 3,759 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Rockwell Automation by 20.7% in the 4th quarter. Nordea Investment Management AB now owns 744,814 shares of the industrial products company’s stock valued at $291,073,000 after purchasing an additional 127,733 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Rockwell Automation by 911.0% in the 4th quarter. SG Americas Securities LLC now owns 91,808 shares of the industrial products company’s stock valued at $35,720,000 after purchasing an additional 82,727 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Christopher Nardecchia sold 2,538 shares of Rockwell Automation stock in a transaction on 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 sale, the senior vice president 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 filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of Rockwell Automation stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the sale, the senior vice president directly owned 4,437 shares in the company, valued at $2,043,282.87. This trade represents a 7.83% 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 have sold a total of 12,308 shares of company stock worth $5,339,812 over the last three months. 0.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. Barclays lifted their price target on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their target price 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. HSBC lifted their target price on shares of Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Finally, Jefferies Financial Group restated a “hold” rating and set a $380.00 target price (down from $490.00) on shares of Rockwell Automation in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation has an average rating of “Moderate Buy” and an average price target of $449.16.

Rockwell Automation Stock Performance

NYSE:ROK opened at $462.62 on Friday. 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 firm has a market capitalization of $51.48 billion, a price-to-earnings ratio of 48.09, a PEG ratio of 2.95 and a beta of 1.57. The firm’s fifty day simple moving average is $417.12 and its 200 day simple moving average is $403.74. Rockwell Automation, Inc. has a twelve month low of $305.44 and a twelve month high of $468.11.

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, topping the consensus estimate of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm 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. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 13.01 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.52 annualized dividend and a yield of 1.2%. Rockwell Automation’s payout ratio is 57.38%.

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.