Terry Riesterer Sells 60 Shares of Rockwell Automation (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Terry Riesterer sold 60 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $402.89, for a total transaction of $24,173.40. Following the completion of the transaction, the vice president directly owned 1,837 shares in the company, valued at approximately $740,108.93. The trade was a 3.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Rockwell Automation Stock Down 0.0%

Shares of ROK stock opened at $403.87 on Friday. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $406.44. The stock has a market cap of $45.34 billion, a P/E ratio of 52.73, a P/E/G ratio of 2.71 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. The company has a 50 day simple moving average of $367.06 and a two-hundred day simple moving average of $347.65.

Rockwell Automation (NYSE:ROK) last issued its quarterly 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. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company posted $2.47 EPS. The company’s 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 expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently announced 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 represents a $5.52 annualized dividend and a yield of 1.4%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 72.06%.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Rockwell Automation in a research report on Monday, December 1st. Bank of America boosted their price objective on Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Robert W. Baird raised their target price on shares of Rockwell Automation from $392.00 to $402.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $372.56.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ROK. Norges Bank purchased a new stake in Rockwell Automation during the 2nd quarter valued at approximately $368,575,000. Holocene Advisors LP boosted its position in shares of Rockwell Automation by 128.9% during the second quarter. Holocene Advisors LP now owns 866,992 shares of the industrial products company’s stock worth $287,989,000 after acquiring an additional 488,262 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Rockwell Automation by 122.3% during the third quarter. JPMorgan Chase & Co. now owns 819,708 shares of the industrial products company’s stock worth $286,522,000 after acquiring an additional 451,038 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Rockwell Automation by 720.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock valued at $132,638,000 after acquiring an additional 350,662 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its holdings in Rockwell Automation by 7,730.3% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 354,792 shares of the industrial products company’s stock valued at $117,851,000 after acquiring an additional 350,261 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

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.