Pure Financial Advisors LLC Has $2.13 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Pure Financial Advisors LLC grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 124.9% in the 2nd quarter, Holdings Channel reports. The fund owned 4,294 shares of the industrial products company’s stock after buying an additional 2,385 shares during the period. Pure Financial Advisors LLC’s holdings in Rockwell Automation were worth $2,126,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROK. Virtus Advisers LLC acquired a new position in shares of Rockwell Automation in the second quarter valued at approximately $25,000. MV Capital Management Inc. acquired a new position in Rockwell Automation in the 4th quarter valued at approximately $28,000. Manchester Capital Management LLC raised its stake in shares of Rockwell Automation by 97.5% during the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 39 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Rockwell Automation during the fourth quarter worth $33,000. Finally, TD Capital Management LLC acquired a new stake in Rockwell Automation in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of analyst reports. Rothschild & Co Redburn upped their price target on Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. DA Davidson reduced their target price on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane lifted their target price on shares of Rockwell Automation from $495.00 to $515.00 in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $468.19.

Insider Buying and Selling

In other 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 transaction of $173,612.27. Following the completion of the sale, the senior vice president owned 4,437 shares in the company, valued at $2,043,282.87. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christian E. Rothe sold 590 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total value of $256,237.00. Following the transaction, the chief financial officer directly owned 10,429 shares in the company, valued at $4,529,314.70. The trade was a 5.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 1,185 shares of company stock worth $529,331. 0.76% of the stock is owned by company insiders.

Rockwell Automation Stock Up 0.7%

Rockwell Automation stock opened at $432.44 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. Rockwell Automation, Inc. has a 12-month low of $332.71 and a 12-month high of $497.36. The firm’s fifty day moving average is $460.04 and its 200 day moving average is $427.16. The company has a market capitalization of $48.02 billion, a PE ratio of 40.53, a PEG ratio of 2.51 and a beta of 1.54.

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 analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the company posted $2.82 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 13.21 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s payout ratio is presently 51.73%.

Rockwell Automation declared that its board has authorized a share repurchase plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.