Rockwell Automation (NYSE:ROK) VP John Miller Sells 92 Shares of Stock

Rockwell Automation, Inc. (NYSE:ROK) VP John Miller sold 92 shares of Rockwell Automation stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $401.92, for a total transaction of $36,976.64. Following the completion of the transaction, the vice president directly owned 5,969 shares in the company, valued at $2,399,060.48. The trade was a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Rockwell Automation Stock Performance

Rockwell Automation stock traded down $1.30 during midday trading on Thursday, hitting $408.93. 40,399 shares of the company’s stock were exchanged, compared to its average volume of 914,144. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. The stock has a market cap of $45.91 billion, a price-to-earnings ratio of 53.38, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $413.04. The firm’s 50 day simple moving average is $370.46 and its 200 day simple moving average is $349.75.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.42% and a return on equity of 32.69%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Equities research 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 was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were issued a $1.38 dividend. The ex-dividend date of this dividend was Monday, November 17th. This is an increase 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 dividend payout ratio is presently 72.06%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROK. Weiss Ratings reiterated a “hold (c)” rating on shares of Rockwell Automation in a research report on Monday. Morgan Stanley boosted their price target 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. Barclays increased their price target on shares of Rockwell Automation from $417.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Bank of America increased their target price on Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Jefferies Financial Group upped their price objective on Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Institutional Trading of Rockwell Automation

Large investors have recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of Rockwell Automation by 2.3% during the 3rd quarter. Allworth Financial LP now owns 6,146 shares of the industrial products company’s stock worth $2,148,000 after buying an additional 137 shares during the last quarter. IFP Advisors Inc increased its holdings in Rockwell Automation by 12.3% during the 3rd quarter. IFP Advisors Inc now owns 1,603 shares of the industrial products company’s stock valued at $560,000 after acquiring an additional 176 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in Rockwell Automation by 3.6% during the third quarter. Swiss Life Asset Management Ltd now owns 59,583 shares of the industrial products company’s stock worth $20,826,000 after acquiring an additional 2,050 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Rockwell Automation by 11.3% in the third quarter. CIBC Private Wealth Group LLC now owns 6,205 shares of the industrial products company’s stock valued at $2,169,000 after purchasing an additional 630 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Rockwell Automation in the third quarter valued at about $5,425,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Company Profile

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.