Occidental Asset Management LLC Takes $570,000 Position in Rockwell Automation, Inc. $ROK

Occidental Asset Management LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,152 shares of the industrial products company’s stock, valued at approximately $570,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROK. Castle Rock Wealth Management LLC lifted its stake in Rockwell Automation by 2.2% during the second quarter. Castle Rock Wealth Management LLC now owns 1,038 shares of the industrial products company’s stock worth $501,000 after purchasing an additional 22 shares during the period. Richards Merrill & Peterson Inc. grew its stake in shares of Rockwell Automation by 1.9% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company’s stock valued at $487,000 after purchasing an additional 25 shares during the period. Cidel Asset Management Inc. raised its holdings in shares of Rockwell Automation by 4.6% in the 1st quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company’s stock worth $206,000 after buying an additional 25 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Rockwell Automation by 0.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock worth $1,544,000 after buying an additional 27 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Rockwell Automation by 1.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock worth $549,000 after buying an additional 27 shares during the period. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK stock opened at $445.69 on Tuesday. Rockwell Automation, Inc. has a 1 year low of $332.71 and a 1 year high of $497.36. The firm’s 50 day moving average is $463.60 and its 200-day moving average is $426.67. The firm has a market capitalization of $49.49 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.62 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating 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 analyst estimates of $2.24 billion. During the same quarter last year, the business posted $2.82 earnings per share. Rockwell Automation’s revenue for the quarter 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. Sell-side analysts forecast that Rockwell Automation, Inc. will post 13.22 EPS for the current fiscal year.

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

Rockwell Automation Announces Dividend

The company 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 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio is 51.73%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction 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. This represents a 15.80% decrease in their position. 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 transaction of $173,612.27. Following the sale, the senior vice president owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. This represents a 7.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,649 shares of company stock worth $722,119 in the last ninety days. 0.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROK. Barclays upped their price target on Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group boosted their target price on shares of Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Sanford C. Bernstein upped their target price on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a report on Friday. KeyCorp increased their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Argus lifted their price target on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus 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.