Rockwell Automation (NYSE:ROK) SVP Christopher Nardecchia Sells 612 Shares of Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Christopher Nardecchia sold 612 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.09, for a total transaction of $246,079.08. Following the completion of the transaction, the senior vice president directly owned 14,232 shares in the company, valued at $5,722,544.88. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Christopher Nardecchia also recently made the following trade(s):

• On Monday, December 8th, Christopher Nardecchia sold 480 shares of Rockwell Automation stock. The shares were sold at an average price of $400.96, for a total value of $192,460.80.
• On Friday, December 5th, Christopher Nardecchia sold 129 shares of Rockwell Automation stock. The stock was sold at an average price of $402.96, for a total transaction of $51,981.84.

Rockwell Automation Price Performance

NYSE ROK opened at $410.09 on Thursday. The stock has a market capitalization of $46.04 billion, a PE ratio of 53.54, a P/E/G ratio of 2.69 and a beta of 1.50. The stock has a 50-day simple moving average of $370.46 and a 200 day simple moving average of $349.75. 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 twelve month low of $215.00 and a twelve month high of $413.04.

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

Rockwell Automation Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on ROK. TD Cowen lifted their price objective on Rockwell Automation from $275.00 to $330.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Rockwell Automation in a research report on Monday. Morgan Stanley boosted their price objective on Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Hedge Funds Weigh In On Rockwell Automation

A number of large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at approximately $281,000. Zions Bancorporation National Association UT acquired a new position in Rockwell Automation during the first quarter worth $55,000. Townsquare Capital LLC increased its stake in Rockwell Automation by 25.2% in the 1st quarter. Townsquare Capital LLC now owns 2,428 shares of the industrial products company’s stock valued at $627,000 after buying an additional 489 shares during the last quarter. Covestor Ltd boosted its stake in shares of Rockwell Automation by 360.8% during the 1st quarter. Covestor Ltd now owns 341 shares of the industrial products company’s stock worth $88,000 after buying an additional 267 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Rockwell Automation by 2.2% in the 1st quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock valued at $374,176,000 after acquiring an additional 30,837 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

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.