Rockwell Automation (NYSE:ROK) SVP Christopher Nardecchia Sells 129 Shares

Rockwell Automation, Inc. (NYSE:ROK) SVP Christopher Nardecchia sold 129 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $402.96, for a total transaction of $51,981.84. Following the completion of the transaction, the senior vice president owned 14,117 shares of the company’s stock, valued at approximately $5,688,586.32. This trade represents a 0.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Rockwell Automation Trading Down 0.0%

NYSE ROK traded down $0.02 on Friday, hitting $403.87. The company’s 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 is $365.86 and its 200 day moving average is $346.71. The firm has a market cap of $45.34 billion, a PE ratio of 52.73, a PEG ratio of 2.71 and a beta of 1.50. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year 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.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.Rockwell Automation’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share 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. Stockholders of record on Monday, November 17th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio is 72.06%.

Analyst Ratings Changes

ROK has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. KeyCorp upped their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Morgan Stanley lifted their target price on shares of Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Bank of America boosted their target price on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Robert W. Baird increased their price target on Rockwell Automation from $392.00 to $402.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $372.56.

Hedge Funds Weigh In On Rockwell Automation

A number of institutional investors have recently modified their holdings of ROK. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Rockwell Automation by 7.1% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 440 shares of the industrial products company’s stock worth $154,000 after buying an additional 29 shares during the last quarter. Equitable Trust Co. raised its holdings in shares of Rockwell Automation by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 2,598 shares of the industrial products company’s stock worth $908,000 after acquiring an additional 29 shares during the last quarter. J. Safra Sarasin Holding AG lifted its position in Rockwell Automation by 2.2% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 1,384 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 30 shares in the last quarter. Fragasso Financial Advisors Inc boosted its stake in Rockwell Automation by 3.6% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 902 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 31 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in Rockwell Automation by 3.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,015 shares of the industrial products company’s stock worth $355,000 after purchasing an additional 32 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

About Rockwell Automation

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.