Tessa Myers Sells 1,020 Shares of Rockwell Automation (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Tessa Myers sold 1,020 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.07, for a total transaction of $410,111.40. Following the transaction, the senior vice president directly owned 6,021 shares in the company, valued at approximately $2,420,863.47. This trade represents a 14.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rockwell Automation Trading Up 2.4%

Shares of ROK stock traded up $9.48 during mid-day 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 quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. The firm has a market capitalization 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. The company’s 50 day simple moving average is $370.46 and its 200-day simple moving average is $349.75. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $413.04.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm earned $2.47 EPS. The firm’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. On average, research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be given a dividend of $1.38 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 annualized dividend and a yield of 1.3%. Rockwell Automation’s dividend payout ratio is presently 72.06%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC lifted its stake 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 purchasing an additional 29 shares during the last quarter. Equitable Trust Co. raised its holdings in shares of Rockwell Automation by 1.1% during the third quarter. Equitable Trust Co. now owns 2,598 shares of the industrial products company’s stock worth $908,000 after purchasing an additional 29 shares during the period. J. Safra Sarasin Holding AG lifted its position in shares of 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 worth $484,000 after buying an additional 30 shares during the last quarter. Fragasso Financial Advisors Inc boosted its holdings in shares of Rockwell Automation by 3.6% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 902 shares of the industrial products company’s stock valued at $315,000 after buying an additional 31 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in shares of 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 valued at $355,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ROK shares. Citigroup upped their price target on Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company upped their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Oppenheimer reaffirmed an “outperform” rating and set a $391.00 price target on shares of Rockwell Automation in a report on Friday, November 7th. Robert W. Baird boosted their price objective on shares of Rockwell Automation from $392.00 to $402.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Finally, Bank of America upped their price objective on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $388.13.

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.