Rockwell Automation (NYSE:ROK) SVP Sells $143,966.18 in Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Matthew Fordenwalt sold 359 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $401.02, for a total transaction of $143,966.18. Following the sale, the senior vice president owned 4,170 shares in the company, valued at approximately $1,672,253.40. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $405.06 on Friday. The company has a fifty day moving average price of $372.87 and a 200 day moving average price of $350.88. The firm has a market cap of $45.48 billion, a PE ratio of 52.88, a PEG ratio of 2.77 and a beta of 1.50. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $415.89.

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, beating analysts’ consensus estimates of $2.94 by $0.40. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th were given a dividend of $1.38 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend was Monday, November 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. Rockwell Automation’s payout ratio is currently 72.06%.

Institutional Trading of Rockwell Automation

A number of large investors have recently added to or reduced their stakes in ROK. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Rockwell Automation by 468.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the period. Rexford Capital Inc. bought a new position in Rockwell Automation during the second quarter worth about $33,000. Ameriflex Group Inc. increased its position in Rockwell Automation by 100.0% during the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock worth $35,000 after buying an additional 50 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Rockwell Automation by 48.7% during the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock worth $39,000 after buying an additional 38 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in Rockwell Automation in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the topic of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Bank of America raised their target price 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. Morgan Stanley lifted their price target on shares of Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Rockwell Automation in a research note on Monday. Finally, Wells Fargo & Company raised their price objective on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $390.33.

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.