Rockwell Automation (NYSE:ROK) SVP Tessa Myers Sells 351 Shares

Rockwell Automation, Inc. (NYSE:ROK) SVP Tessa Myers sold 351 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $400.99, for a total transaction of $140,747.49. Following the transaction, the senior vice president owned 4,868 shares in the company, valued at $1,952,019.32. This represents a 6.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Rockwell Automation Trading Up 2.6%

Shares of Rockwell Automation stock opened at $410.97 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $413.04. The stock has a market capitalization of $46.14 billion, a PE ratio of 53.48, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50. The stock has a 50 day moving average price of $370.46 and a two-hundred day moving average price of $349.75.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share 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 analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were issued a $1.38 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend was Monday, November 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. Rockwell Automation’s payout ratio is presently 72.06%.

Institutional Investors Weigh In On Rockwell Automation

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP increased its stake in Rockwell Automation by 2.3% in the 3rd quarter. Allworth Financial LP now owns 6,146 shares of the industrial products company’s stock worth $2,148,000 after acquiring an additional 137 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Rockwell Automation by 12.3% during the 3rd quarter. IFP Advisors Inc now owns 1,603 shares of the industrial products company’s stock valued at $560,000 after acquiring an additional 176 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of 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 in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of 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 worth $2,169,000 after purchasing an additional 630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Rockwell Automation in the third quarter valued at approximately $5,425,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research reports. Oppenheimer reiterated an “outperform” rating and set a $391.00 price target on shares of Rockwell Automation in a research note on Friday, November 7th. Citigroup lifted their target price on shares of Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Rockwell Automation in a research note on Monday. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Jefferies Financial Group raised their price target on Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $390.33.

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.