Isaac Woods Sells 154 Shares of Rockwell Automation (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 154 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total value of $66,623.48. Following the completion of the sale, the vice president owned 1,858 shares of the company’s stock, valued at $803,807.96. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Rockwell Automation Stock Performance

ROK stock traded down $2.40 during trading hours on Wednesday, hitting $426.73. 597,033 shares of the stock were exchanged, compared to its average volume of 865,873. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $47.39 billion, a P/E ratio of 39.99, a P/E/G ratio of 2.53 and a beta of 1.52. The company has a 50-day simple moving average of $451.67 and a two-hundred day simple moving average of $428.98.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the firm earned $2.82 earnings per share. Rockwell Automation’s revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, analysts forecast that Rockwell Automation, Inc. will post 13.23 earnings per share for the current fiscal year.

Rockwell Automation announced that its board has authorized a share repurchase plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Rockwell Automation

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its stake in Rockwell Automation by 559.8% in the second quarter. Sequoia Financial Advisors LLC now owns 91,971 shares of the industrial products company’s stock valued at $45,533,000 after buying an additional 78,032 shares during the period. Tidal Investments LLC grew its position in shares of Rockwell Automation by 21.7% during the 2nd quarter. Tidal Investments LLC now owns 58,206 shares of the industrial products company’s stock worth $28,817,000 after buying an additional 10,372 shares during the period. IPG Investment Advisors LLC acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth approximately $2,352,000. MCF Advisors LLC increased its stake in shares of Rockwell Automation by 0.8% in the 2nd quarter. MCF Advisors LLC now owns 4,784 shares of the industrial products company’s stock valued at $2,368,000 after acquiring an additional 40 shares in the last quarter. Finally, Lotus Asset Management LLC bought a new stake in shares of Rockwell Automation in the 2nd quarter valued at $243,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ROK shares. Sanford C. Bernstein upped their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research report on Friday, August 14th. Evercore set a $485.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Zacks Research downgraded shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. DA Davidson cut their target price on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. Finally, TD Cowen lifted their price target on Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $469.14.

About Rockwell Automation

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.