Rockwell Automation (NYSE:ROK) SVP Sells $56,004.49 in Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Cyril Perducat sold 139 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $402.91, for a total value of $56,004.49. Following the sale, the senior vice president owned 4,651 shares of the company’s stock, valued at $1,873,934.41. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Rockwell Automation Stock Down 0.0%

ROK traded down $0.02 on Friday, hitting $403.87. The company had a trading volume of 780,201 shares, compared to its average volume of 1,097,298. The stock has a market capitalization of $45.34 billion, a price-to-earnings ratio of 52.73, a P/E/G ratio of 2.71 and a beta of 1.50. 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 fifty day moving average price of $365.86 and a 200-day moving average price of $346.71. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $406.44.

Rockwell Automation (NYSE:ROK) last released 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. 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 period last year, the business earned $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. Analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The firm 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. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 annualized dividend and a yield of 1.4%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is currently 72.06%.

Hedge Funds Weigh In On Rockwell Automation

A number of institutional investors have recently modified their holdings of ROK. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Rockwell Automation by 468.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares during the period. Rexford Capital Inc. purchased a new stake in Rockwell Automation in the 2nd quarter worth approximately $33,000. Ameriflex Group Inc. grew its stake in shares of Rockwell Automation by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 50 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Rockwell Automation by 48.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 38 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ROK. Wells Fargo & Company raised their price target on Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Bank of America lifted their target price on shares of Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Barclays upped their price target on shares of Rockwell Automation from $417.00 to $435.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer reiterated an “outperform” rating and set a $391.00 price objective on shares of Rockwell Automation in a research note on Friday, November 7th. Finally, KeyCorp upped their target price on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus price target of $372.56.

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.