Simplicity Wealth LLC Purchases Shares of 1,347 Rockwell Automation, Inc. $ROK

Simplicity Wealth LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,347 shares of the industrial products company’s stock, valued at approximately $667,000.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Rockwell Automation during the fourth quarter worth $615,596,000. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $352,572,000 after purchasing an additional 891,153 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Rockwell Automation during the 2nd quarter worth about $300,589,000. Eurizon Capital SGR S.p.A. purchased a new stake in Rockwell Automation during the fourth quarter valued at about $156,017,000. Finally, Invesco Ltd. boosted its holdings in shares of Rockwell Automation by 25.0% in the fourth quarter. Invesco Ltd. now owns 1,545,104 shares of the industrial products company’s stock worth $601,154,000 after buying an additional 309,316 shares during the period. 75.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROK. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Sanford C. Bernstein raised their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research note on Friday. Morgan Stanley reiterated an “overweight” rating and set a $525.00 price objective on shares of Rockwell Automation in a research report on Wednesday, May 6th. Finally, Barclays boosted their target price on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average target price of $468.67.

Rockwell Automation Trading Down 0.8%

NYSE:ROK opened at $445.69 on Tuesday. The stock has a market cap of $49.49 billion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. The stock’s 50-day moving average is $463.60 and its two-hundred day moving average is $426.67.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, equities research analysts forecast that Rockwell Automation, Inc. will post 13.22 earnings per share 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. Shareholders of record on Monday, August 17th will be paid a $1.38 dividend. 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 51.73%.

Rockwell Automation announced that its Board of Directors has initiated a stock repurchase 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 buy up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, VP John M. Miller sold 1,054 shares of Rockwell Automation stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total value of $449,025.08. Following the transaction, the vice president directly owned 5,615 shares in the company, valued at approximately $2,392,102.30. The trade was a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of Rockwell Automation stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the transaction, the senior vice president directly owned 4,437 shares in the company, valued at approximately $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. In the last quarter, insiders have sold 1,649 shares of company stock valued at $722,119. 0.76% of the stock is currently owned by corporate insiders.

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.