Quantinno Capital Management LP Purchases 61,928 Shares of Rockwell Automation, Inc. $ROK

Quantinno Capital Management LP raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 68.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,848 shares of the industrial products company’s stock after buying an additional 61,928 shares during the period. Quantinno Capital Management LP’s holdings in Rockwell Automation were worth $54,495,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Rockwell Automation during the fourth quarter valued at about $281,000. AQR Capital Management LLC grew its stake in shares of Rockwell Automation by 75.9% in the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock worth $2,059,000 after purchasing an additional 3,513 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Rockwell Automation by 142.7% in the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock worth $1,887,000 after purchasing an additional 4,295 shares during the last quarter. Acadian Asset Management LLC increased its holdings in 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 valued at $484,000 after purchasing an additional 1,315 shares during the period. Finally, Jump Financial LLC purchased a new position in Rockwell Automation during the 2nd quarter valued at about $868,000. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the subject of several research analyst reports. TD Cowen increased their price objective on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Mizuho set a $445.00 target price on Rockwell Automation in a report on Wednesday, May 6th. Citigroup raised their price target on Rockwell Automation from $500.00 to $555.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. 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. Finally, Barclays boosted their price objective on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Rockwell Automation presently has a consensus rating of “Moderate Buy” and an average price target of $469.33.

Rockwell Automation Trading Down 2.7%

NYSE:ROK opened at $458.67 on Thursday. The firm has a market capitalization of $51.04 billion, a P/E ratio of 47.68, a PEG ratio of 3.00 and a beta of 1.54. 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, Inc. has a one year low of $305.44 and a one year high of $497.36. The company’s 50-day simple moving average is $463.99 and its 200 day simple moving average is $423.37.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm earned $2.45 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Rockwell Automation, Inc. will post 13.06 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. Rockwell Automation’s payout ratio is presently 57.38%.

Rockwell Automation announced that its Board of Directors has authorized a stock buyback plan on Tuesday, June 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, VP Terry L. Riesterer sold 4,024 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the sale, the vice president directly owned 134 shares of the company’s stock, valued at approximately $60,563.98. This represents a 96.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John M. Miller sold 1,054 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction of $449,025.08. Following the sale, the vice president owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 9,361 shares of company stock valued at $4,189,886. Company insiders own 0.76% of the company’s stock.

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.