Pictet Asset Management Holding SA Has $31.15 Million Position in Rockwell Automation, Inc. $ROK

Pictet Asset Management Holding SA boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 2.3% during the first quarter, HoldingsChannel.com reports. The fund owned 86,840 shares of the industrial products company’s stock after purchasing an additional 1,960 shares during the period. Pictet Asset Management Holding SA’s holdings in Rockwell Automation were worth $31,151,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in Rockwell Automation during the fourth quarter valued at approximately $281,000. AQR Capital Management LLC raised its holdings in shares of Rockwell Automation by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock worth $2,059,000 after buying an additional 3,513 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Rockwell Automation by 142.7% in the 1st quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock worth $1,887,000 after buying an additional 4,295 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Rockwell Automation by 233.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock worth $484,000 after buying an additional 1,315 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $868,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Up 2.8%

NYSE ROK opened at $495.77 on Wednesday. The stock’s 50 day simple moving average is $448.30 and its 200 day simple moving average is $413.35. Rockwell Automation, Inc. has a one year low of $305.44 and a one year high of $497.36. The firm has a market cap of $55.16 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 3.08 and a beta of 1.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data 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. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 13.02 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 yield of 1.1%. Rockwell Automation’s dividend payout ratio is 57.38%.

Rockwell Automation announced that its Board of Directors has approved a share buyback program on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

ROK has been the topic of a number of analyst reports. Mizuho set a $445.00 price target on Rockwell Automation in a research report on Wednesday, May 6th. BNP Paribas Exane lifted their price objective on Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, DA Davidson started coverage on shares of Rockwell Automation in a research report on Tuesday, June 16th. They set a “neutral” rating and a $500.00 target price for the company. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $457.50.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $387.50, for a total transaction of $484,375.00. Following the sale, the senior vice president owned 1,734 shares of the company’s stock, valued at $671,925. This represents a 41.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 1,200 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $400.00, for a total transaction of $480,000.00. Following the completion of the sale, the senior vice president owned 4,437 shares of the company’s stock, valued at $1,774,800. The trade was a 21.29% 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 12,308 shares of company stock worth $5,339,812 over the last quarter. Corporate insiders own 0.76% of the company’s stock.

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.