Blake Moret Sells 1,667 Shares of Rockwell Automation (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) CEO Blake Moret sold 1,667 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $401.00, for a total transaction of $668,467.00. Following the sale, the chief executive officer owned 88,082 shares of the company’s stock, valued at $35,320,882. This represents a 1.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Rockwell Automation Stock Up 2.4%

Shares of NYSE ROK traded up $9.48 during mid-day trading on Wednesday, reaching $410.09. The company had a trading volume of 932,398 shares, compared to its average volume of 1,009,787. 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 firm has a 50 day simple moving average of $370.46 and a two-hundred day simple moving average of $349.75. The stock has a market cap of $46.04 billion, a P/E ratio of 53.54, a PEG ratio of 2.69 and a beta of 1.50. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week 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 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 firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the company earned $2.47 earnings per share. Rockwell Automation’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. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The company 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 $1.38 dividend. 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 dividend on an annualized basis and a dividend yield of 1.3%. Rockwell Automation’s payout ratio is currently 72.06%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

ROK has been the topic of several research analyst reports. Barclays lifted their price target on Rockwell Automation from $417.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Citigroup lifted their target price on shares of Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a report on Monday. Robert W. Baird upped their price target on shares of Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Rockwell Automation in a research report on Monday. Finally, Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Rockwell Automation 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.