Rockwell Automation, Inc. $ROK Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,091 shares of the industrial products company’s stock after selling 19,616 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.11% of Rockwell Automation worth $44,422,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Rockwell Automation by 1.5% during the second quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock worth $4,669,781,000 after acquiring an additional 207,448 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Rockwell Automation by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock valued at $950,744,000 after buying an additional 48,105 shares during the period. Norges Bank purchased a new stake in shares of Rockwell Automation in the second quarter valued at approximately $368,575,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Rockwell Automation by 1.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,006,575 shares of the industrial products company’s stock worth $334,354,000 after acquiring an additional 12,262 shares during the period. Finally, Holocene Advisors LP raised its position in Rockwell Automation by 128.9% in the second quarter. Holocene Advisors LP now owns 866,992 shares of the industrial products company’s stock worth $287,989,000 after acquiring an additional 488,262 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

Shares of NYSE ROK opened at $414.85 on Thursday. The company has a 50-day simple moving average of $402.56 and a 200-day simple moving average of $369.30. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 0.77. The company has a market cap of $46.58 billion, a PE ratio of 54.16, a price-to-earnings-growth ratio of 2.94 and a beta of 1.52. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $429.58.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Stephens boosted their price objective on shares of Rockwell Automation from $425.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Argus raised Rockwell Automation to a “strong-buy” rating in a research note on Friday, January 16th. Morgan Stanley boosted their target price on Rockwell Automation from $435.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Wells Fargo & Company raised their price target on Rockwell Automation from $380.00 to $410.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Finally, Barclays boosted their price objective on shares of Rockwell Automation from $435.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and an average target price of $410.12.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret sold 61,700 shares of Rockwell Automation stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $391.56, for a total transaction of $24,159,252.00. Following the transaction, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at $32,841,311.88. The trade was a 42.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Rebecca W. House sold 1,698 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $402.06, for a total transaction of $682,697.88. Following the completion of the transaction, the senior vice president directly owned 12,200 shares in the company, valued at approximately $4,905,132. This represents a 12.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 87,231 shares of company stock valued at $34,418,889 in the last three months. 0.76% of the stock is owned by company insiders.

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.