Rockwell Automation (NYSE:ROK) SVP Sells $28,063.70 in Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Matthew Fordenwalt sold 70 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $400.91, for a total transaction of $28,063.70. Following the completion of the sale, the senior vice president directly owned 4,583 shares of the company’s stock, valued at $1,837,370.53. The trade was a 1.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Rockwell Automation Stock Down 1.9%

ROK stock opened at $405.06 on Friday. The firm’s 50-day moving average is $372.87 and its two-hundred day moving average is $350.88. The company has a market capitalization of $45.48 billion, a price-to-earnings ratio of 52.88, a price-to-earnings-growth ratio of 2.77 and a beta of 1.50. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $415.89. 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 (NYSE:ROK) last posted its quarterly earnings data 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 net margin of 10.42% and a return on equity of 32.69%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm posted $2.47 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio (DPR) is presently 72.06%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ROK shares. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. TD Cowen upped their price target on shares of Rockwell Automation from $275.00 to $330.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Morgan Stanley lifted their price objective on shares of Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Barclays increased their target price on shares of Rockwell Automation from $417.00 to $435.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Rockwell Automation in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten 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 company has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Institutional Investors Weigh In On Rockwell Automation

Several hedge funds have recently made changes to their positions in ROK. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $32,000 after purchasing an additional 75 shares during the period. Rexford Capital Inc. acquired a new stake in shares of Rockwell Automation in the second quarter worth $33,000. Ameriflex Group Inc. boosted its position in shares of Rockwell Automation by 100.0% in 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 period. SBI Securities Co. Ltd. grew its holdings in shares of Rockwell Automation by 48.7% during the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after buying an additional 38 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in Rockwell Automation during the second quarter valued at $39,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

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.