Cibc World Market Inc. Invests $6.43 Million in Rockwell Automation, Inc. $ROK

Cibc World Market Inc. purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 12,982 shares of the industrial products company’s stock, valued at approximately $6,427,000.

A number of other large investors have also recently added to or reduced their stakes in ROK. Vanguard Group Inc. increased its stake in Rockwell Automation by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 14,206,311 shares of the industrial products company’s stock worth $5,527,249,000 after acquiring an additional 114,469 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at $6,129,376,000. State Street Corp grew its holdings in shares of Rockwell Automation by 4.2% during the 4th quarter. State Street Corp now owns 4,996,130 shares of the industrial products company’s stock worth $1,943,844,000 after purchasing an additional 202,705 shares during the period. Geode Capital Management LLC increased its position in shares of Rockwell Automation by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,924,501 shares of the industrial products company’s stock worth $1,133,397,000 after purchasing an additional 17,855 shares during the last quarter. Finally, Morgan Stanley raised its holdings in Rockwell Automation by 10.4% in the 4th quarter. Morgan Stanley now owns 2,921,840 shares of the industrial products company’s stock valued at $1,136,801,000 after buying an additional 276,021 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rockwell Automation news, CFO Christian E. Rothe sold 590 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total value of $256,237.00. Following the transaction, the chief financial officer owned 10,429 shares in the company, valued at $4,529,314.70. The trade was a 5.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value of $173,612.27. Following the sale, the senior vice president owned 4,437 shares of the company’s stock, valued at $2,043,282.87. This represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,185 shares of company stock valued at $529,331. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Price Performance

ROK opened at $430.01 on Wednesday. Rockwell Automation, Inc. has a 52-week low of $332.71 and a 52-week high of $497.36. The company has a market cap of $47.75 billion, a P/E ratio of 40.30, a P/E/G ratio of 2.51 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $460.57 and a two-hundred day moving average of $426.97.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, analysts expect that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.

Rockwell Automation announced that its board has authorized a share repurchase program on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to buy up to 2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.73%.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. TD Cowen raised their price target on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Barclays lifted 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. Robert W. Baird set a $514.00 target price on Rockwell Automation in a research report on Wednesday, August 5th. Finally, KeyCorp boosted their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average price target of $468.19.

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.