Rockwell Automation (NYSE:ROK) VP Sells $24,173.40 in Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Terry Riesterer sold 60 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $402.89, for a total transaction of $24,173.40. Following the sale, the vice president owned 1,837 shares in the company, valued at $740,108.93. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rockwell Automation Price Performance

Shares of NYSE:ROK traded down $0.02 during midday trading on Friday, hitting $403.87. The stock had a trading volume of 780,201 shares, compared to its average volume of 1,097,298. The company’s 50-day moving average price is $365.86 and its 200-day moving average price is $346.71. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $406.44. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $45.34 billion, a P/E ratio of 52.73, a price-to-earnings-growth ratio of 2.71 and a beta of 1.50.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.40. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, November 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is currently 72.06%.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Robert W. Baird raised their price objective on shares of Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Morgan Stanley upped their price target on shares of Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus price target of $372.56.

Hedge Funds Weigh In On Rockwell Automation

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP boosted its position in Rockwell Automation by 2.3% during the third quarter. Allworth Financial LP now owns 6,146 shares of the industrial products company’s stock valued at $2,148,000 after acquiring an additional 137 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Rockwell Automation by 12.3% in the 3rd quarter. IFP Advisors Inc now owns 1,603 shares of the industrial products company’s stock valued at $560,000 after purchasing an additional 176 shares during the period. Swiss Life Asset Management Ltd grew its stake in Rockwell Automation by 3.6% during the third quarter. Swiss Life Asset Management Ltd now owns 59,583 shares of the industrial products company’s stock worth $20,826,000 after purchasing an additional 2,050 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Rockwell Automation by 11.3% in the third quarter. CIBC Private Wealth Group LLC now owns 6,205 shares of the industrial products company’s stock valued at $2,169,000 after buying an additional 630 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Rockwell Automation during the 3rd quarter worth approximately $5,425,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.