298,044 Shares in Rockwell Automation, Inc. $ROK Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new position in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 298,044 shares of the industrial products company’s stock, valued at approximately $147,557,000. Rockwell Automation makes up approximately 1.1% of Great Lakes Advisors LLC’s holdings, making the stock its 23rd largest position. Great Lakes Advisors LLC owned approximately 0.27% of Rockwell Automation as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of Rockwell Automation in the 4th quarter worth approximately $281,000. AQR Capital Management LLC raised its holdings in Rockwell Automation by 75.9% during the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock valued at $2,059,000 after buying an additional 3,513 shares during the period. Empowered Funds LLC lifted its position in Rockwell Automation by 142.7% in the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock worth $1,887,000 after buying an additional 4,295 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Rockwell Automation by 233.6% during the first quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock worth $484,000 after buying an additional 1,315 shares during the period. Finally, Jump Financial LLC bought a new position in Rockwell Automation during the second quarter valued at $868,000. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Matthew W. Fordenwalt sold 377 shares of the business’s 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 sale, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Trading Down 2.5%

NYSE ROK opened at $433.41 on Wednesday. The company’s 50-day moving average price is $463.07 and its 200-day moving average price is $426.80. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The stock has a market cap of $48.13 billion, a PE ratio of 40.62, a PEG ratio of 2.62 and a beta of 1.54. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm posted $2.82 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities research analysts forecast that Rockwell Automation, Inc. will post 13.22 earnings per share for the current year.

Rockwell Automation announced that its Board of Directors has authorized a stock buyback program on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s payout ratio is currently 51.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Evercore set a $485.00 price objective on shares of Rockwell Automation in a research report on Wednesday, August 5th. KeyCorp raised their price objective on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Rothschild & Co Redburn boosted their target price on Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane upped their target price on Rockwell Automation from $495.00 to $515.00 in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $468.67.

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.