Rockwell Automation (NYSE:ROK) VP John Miller Sells 1,054 Shares of Stock

Rockwell Automation, Inc. (NYSE:ROKGet Free Report) VP John Miller sold 1,054 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the transaction, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $440.65 on Friday. The firm has a market cap of $49.03 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.79 and a beta of 1.56. Rockwell Automation, Inc. has a one year low of $298.70 and a one year high of $463.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. The firm’s 50 day moving average price is $397.69 and its 200-day moving average price is $398.09.

Rockwell Automation (NYSE:ROKGet Free Report) last released its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 13.01 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be issued a dividend of $1.38 per share. The ex-dividend date is Monday, May 18th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Rockwell Automation’s dividend payout ratio is 57.38%.

Trending Headlines about Rockwell Automation

Here are the key news stories impacting Rockwell Automation this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Stephens increased their target price on shares of Rockwell Automation from $425.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. TD Cowen increased their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $525.00 target price on shares of Rockwell Automation in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and an average price target of $449.16.

Get Our Latest Stock Analysis on ROK

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ROK. Brighton Jones LLC purchased a new position in shares of Rockwell Automation in the 4th quarter valued at $281,000. AQR Capital Management LLC grew its position in shares of Rockwell Automation by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock valued at $2,059,000 after buying an additional 3,513 shares during the last quarter. Empowered Funds LLC grew its position in shares of Rockwell Automation by 142.7% in the 1st quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 4,295 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Rockwell Automation by 233.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock valued at $484,000 after buying an additional 1,315 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Rockwell Automation in the 2nd quarter valued at $868,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.