Rockwell Automation (NYSE:ROK) SVP Matthew Fordenwalt Sells 218 Shares of Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Matthew Fordenwalt sold 218 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $456.34, for a total transaction of $99,482.12. Following the transaction, the senior vice president owned 4,814 shares in the company, valued at $2,196,820.76. The trade was a 4.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Trading Down 0.4%

Shares of ROK opened at $461.76 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average is $415.09 and its two-hundred day moving average is $403.13. Rockwell Automation, Inc. has a twelve month low of $305.44 and a twelve month high of $468.11. The firm has a market capitalization of $51.38 billion, a P/E ratio of 48.00, a PEG ratio of 2.97 and a beta of 1.57.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, research analysts predict that Rockwell Automation, Inc. will post 13.01 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, May 18th. Rockwell Automation’s dividend payout ratio (DPR) is 57.38%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROK. Barclays increased their price target on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. HSBC increased their price target on shares of Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. BNP Paribas Exane increased their price target on shares of Rockwell Automation from $495.00 to $515.00 in a research report on Wednesday, May 6th. TD Cowen increased their price target on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price target (down from $490.00) on shares of Rockwell Automation in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $449.16.

Hedge Funds Weigh In On Rockwell Automation

Hedge funds have recently made changes to their positions in the stock. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Rockwell Automation by 7.1% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 61,834 shares of the industrial products company’s stock valued at $21,613,000 after purchasing an additional 4,086 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $1,556,000. Bessemer Group Inc. boosted its holdings in shares of Rockwell Automation by 180.5% in the 3rd quarter. Bessemer Group Inc. now owns 5,842 shares of the industrial products company’s stock valued at $2,042,000 after purchasing an additional 3,759 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Rockwell Automation by 20.7% in the 4th quarter. Nordea Investment Management AB now owns 744,814 shares of the industrial products company’s stock valued at $291,073,000 after purchasing an additional 127,733 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Rockwell Automation by 911.0% in the 4th quarter. SG Americas Securities LLC now owns 91,808 shares of the industrial products company’s stock valued at $35,720,000 after purchasing an additional 82,727 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Company Profile

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.