Rockwell Automation (NYSE:ROK) SVP Matthew Fordenwalt Sells 70 Shares

Rockwell Automation, Inc. (NYSE:ROK) SVP Matthew Fordenwalt sold 70 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $400.91, for a total value of $28,063.70. Following the sale, the senior vice president owned 4,583 shares of the company’s stock, valued at approximately $1,837,370.53. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Rockwell Automation Price Performance

Rockwell Automation stock traded up $9.48 during midday trading on Wednesday, reaching $410.09. The company’s stock had a trading volume of 932,398 shares, compared to its average volume of 1,009,787. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The stock has a market cap of $46.04 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $413.04. The business has a 50-day moving average price of $370.46 and a 200-day moving average price of $349.75.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results 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 company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, November 17th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. 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

A number of institutional investors have recently made changes to their positions in the stock. Capital Investment Advisors LLC boosted its holdings in Rockwell Automation by 5.7% in the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 119 shares during the last quarter. Patton Fund Management Inc. bought a new position in Rockwell Automation during the 2nd quarter worth approximately $294,000. Brighton Jones LLC acquired a new position in shares of Rockwell Automation in the 4th quarter worth approximately $281,000. Integrity Alliance LLC. bought a new stake in shares of Rockwell Automation in the 1st quarter valued at $293,000. Finally, Schroder Investment Management Group increased its position in shares of Rockwell Automation by 796.0% during the second quarter. Schroder Investment Management Group now owns 97,367 shares of the industrial products company’s stock worth $32,342,000 after buying an additional 86,500 shares during the period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research analyst reports. Citigroup upped their price target on shares of Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer reaffirmed an “outperform” rating and issued a $391.00 target price on shares of Rockwell Automation in a report on Friday, November 7th. Wells Fargo & Company lifted their price target on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Rockwell Automation in a report on Monday. Finally, Morgan Stanley upped their price objective on Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $388.13.

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.