Heron Bay Capital Management Sells 3,107 Shares of Rockwell Automation, Inc. $ROK

Heron Bay Capital Management lessened its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,633 shares of the industrial products company’s stock after selling 3,107 shares during the period. Rockwell Automation accounts for approximately 2.6% of Heron Bay Capital Management’s holdings, making the stock its 14th biggest position. Heron Bay Capital Management’s holdings in Rockwell Automation were worth $13,853,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aptus Capital Advisors LLC increased its position in Rockwell Automation by 153.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 6,880 shares of the industrial products company’s stock valued at $2,405,000 after buying an additional 4,168 shares in the last quarter. Integrity Advisory Solutions LLC bought a new stake in Rockwell Automation during the 3rd quarter valued at about $262,000. Crossmark Global Holdings Inc. raised its holdings in Rockwell Automation by 22.7% in the third quarter. Crossmark Global Holdings Inc. now owns 4,667 shares of the industrial products company’s stock worth $1,631,000 after buying an additional 862 shares during the last quarter. Bellwether Advisors LLC purchased a new stake in shares of Rockwell Automation during the third quarter valued at approximately $2,238,000. Finally, Level Four Advisory Services LLC raised its holdings in Rockwell Automation by 32.8% in the 3rd quarter. Level Four Advisory Services LLC now owns 1,040 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 257 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of research analyst reports. Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Argus raised shares of Rockwell Automation to a “strong-buy” rating in a report on Friday, January 16th. Barclays boosted their price objective on shares of Rockwell Automation from $435.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. KeyCorp restated an “overweight” rating and issued a $470.00 target price on shares of Rockwell Automation in a report on Friday, February 6th. Finally, Rothschild & Co Redburn boosted their target price on shares of Rockwell Automation from $335.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $418.33.

Rockwell Automation Trading Down 1.4%

Rockwell Automation stock opened at $378.13 on Friday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $438.72. The firm has a market capitalization of $42.49 billion, a price-to-earnings ratio of 43.26, a P/E/G ratio of 2.74 and a beta of 1.53. The firm has a 50 day moving average of $407.05 and a 200 day moving average of $379.45. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 0.68.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.29. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.92%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.83 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. Rockwell Automation’s dividend payout ratio (DPR) is currently 63.16%.

Insiders Place Their Bets

In other news, CEO Blake D. Moret sold 5,564 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $402.02, for a total value of $2,236,839.28. Following the completion of the transaction, the chief executive officer owned 94,585 shares of the company’s stock, valued at $38,025,061.70. This represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Rebecca W. House sold 12,100 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $404.27, for a total value of $4,891,667.00. Following the sale, the senior vice president directly owned 12,200 shares in the company, valued at $4,932,094. This trade represents a 49.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 66,918 shares of company stock valued at $27,101,084. 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.