Rockwell Automation (NYSE:ROK) VP Sells 500 Shares of Company Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 500 shares of Rockwell Automation stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $402.61, for a total transaction of $201,305.00. Following the sale, the vice president owned 1,358 shares of the company’s stock, valued at $546,744.38. The trade was a 26.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Isaac Woods also recently made the following trade(s):

• On Tuesday, September 8th, Isaac Woods sold 154 shares of Rockwell Automation stock. The shares were sold at an average price of $432.62, for a total transaction of $66,623.48.

Rockwell Automation Stock Performance

Shares of NYSE ROK traded down $1.67 during mid-day trading on Friday, hitting $402.53. The stock had a trading volume of 913,260 shares, compared to its average volume of 872,925. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.35 and a current ratio of 2.11. The company has a 50 day moving average of $427.38 and a two-hundred day moving average of $426.88. Rockwell Automation, Inc. has a twelve month low of $347.53 and a twelve month high of $497.36. The firm has a market cap of $44.70 billion, a PE ratio of 32.07, a PEG ratio of 2.85 and a beta of 1.51.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 5th. The industrial products company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. Rockwell Automation had a return on equity of 41.79% and a net margin of 15.68%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the firm posted $3.34 EPS. The firm’s revenue was up .7% compared to the same quarter last year. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. Research analysts predict that Rockwell Automation, Inc. will post 14.95 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be given a $1.45 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, November 16th. Rockwell Automation’s payout ratio is currently 43.98%.

Institutional Trading of Rockwell Automation

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Rockwell Automation in the second quarter valued at approximately $6,129,376,000. State Street Corp grew its stake in shares of Rockwell Automation by 0.4% during the 3rd quarter. State Street Corp now owns 5,343,300 shares of the industrial products company’s stock worth $2,326,099,000 after purchasing an additional 19,310 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Rockwell Automation by 6.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,022,866 shares of the industrial products company’s stock valued at $445,284,000 after purchasing an additional 63,435 shares in the last quarter. Amundi increased its holdings in shares of Rockwell Automation by 13.5% during the 1st quarter. Amundi now owns 998,374 shares of the industrial products company’s stock valued at $358,296,000 after purchasing an additional 118,474 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at $394,905,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Evercore set a $485.00 price target on shares of Rockwell Automation in a report on Wednesday, August 5th. Wells Fargo & Company started coverage on shares of Rockwell Automation in a research note on Thursday, September 24th. They set an “equal weight” rating and a $426.00 price objective for the company. DA Davidson dropped their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Sanford C. Bernstein increased their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research note on Friday, August 14th. Finally, Robert W. Baird set a $514.00 target price on shares of Rockwell Automation in a report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $471.33.

About Rockwell Automation

Rockwell Automation, Inc. is an industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. Its roots date to 1903, when it was founded as the Compression Rheostat Company. The company provides hardware, software and services that help manufacturers automate and manage industrial operations. Its offerings include control systems, sensors, motor-control products, industrial software and services for optimizing production and maintaining equipment. Its Allen-Bradley and FactoryTalk brands are among its best-known product lines.