iA Global Asset Management Inc. Makes New $3.19 Million Investment in Rockwell Automation, Inc. $ROK

iA Global Asset Management Inc. acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the first quarter, Holdings Channel reports. The fund acquired 8,897 shares of the industrial products company’s stock, valued at approximately $3,193,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $615,596,000. Northwestern Mutual Wealth Management Co. grew its position in Rockwell Automation by 5,925.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock valued at $352,572,000 after purchasing an additional 891,153 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in Rockwell Automation during the 4th quarter valued at $156,017,000. Invesco Ltd. increased its stake in Rockwell Automation by 25.0% during the 4th quarter. Invesco Ltd. now owns 1,545,104 shares of the industrial products company’s stock valued at $601,154,000 after purchasing an additional 309,316 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Rockwell Automation by 1,666.2% during the third quarter. Balyasny Asset Management L.P. now owns 321,722 shares of the industrial products company’s stock worth $112,451,000 after buying an additional 303,506 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of recent research reports. KeyCorp raised their price objective 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. Evercore upped their target price on shares of Rockwell Automation from $440.00 to $480.00 in a report on Wednesday, May 6th. Rothschild & Co Redburn raised their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Argus lifted their price target on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, HSBC boosted their price objective on Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Rockwell Automation currently has an average rating of “Hold” and an average price target of $462.82.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $471.99 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. The firm has a 50-day moving average of $450.93 and a 200-day moving average of $414.32. Rockwell Automation, Inc. has a one year low of $305.44 and a one year high of $497.36. The company has a market cap of $52.52 billion, a P/E ratio of 49.06, a P/E/G ratio of 3.08 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company earned $2.45 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities research analysts forecast that Rockwell Automation, Inc. will post 13.05 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. Rockwell Automation’s dividend payout ratio is currently 57.38%.

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

Insider Buying and Selling

In related news, SVP Christopher Nardecchia sold 2,538 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $446.43, for a total transaction of $1,133,039.34. Following the completion of the sale, the senior vice president directly owned 14,232 shares of the company’s stock, valued at approximately $6,353,591.76. This trade represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of Rockwell Automation stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $387.50, for a total value of $484,375.00. Following the sale, the senior vice president owned 1,734 shares in the company, valued at $671,925. This trade represents a 41.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,009 shares of company stock valued at $5,232,471 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.