Christopher Nardecchia Sells 480 Shares of Rockwell Automation (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Christopher Nardecchia sold 480 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $400.96, for a total transaction of $192,460.80. Following the completion of the sale, the senior vice president owned 13,637 shares in the company, valued at $5,467,891.52. This represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Christopher Nardecchia also recently made the following trade(s):

• On Wednesday, December 10th, Christopher Nardecchia sold 612 shares of Rockwell Automation stock. The shares were sold at an average price of $402.09, for a total transaction of $246,079.08.
• On Friday, December 5th, Christopher Nardecchia sold 129 shares of Rockwell Automation stock. The shares were sold at an average price of $402.96, for a total value of $51,981.84.

Rockwell Automation Stock Performance

Rockwell Automation stock traded up $9.48 during mid-day trading on Wednesday, reaching $410.09. 932,398 shares of the stock traded hands, compared to its average volume of 1,009,787. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $413.04. The business’s 50-day moving average is $370.46 and its 200-day moving average is $349.75. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 0.77. The stock has a market capitalization of $46.04 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.40. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.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 firm posted $2.47 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, sell-side 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. Shareholders of record on Monday, November 17th will be issued a dividend of $1.38 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 17th. Rockwell Automation’s dividend payout ratio is currently 72.06%.

Institutional Trading of Rockwell Automation

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Rockwell Automation by 468.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Rexford Capital Inc. purchased a new stake in shares of Rockwell Automation in the second quarter worth about $33,000. Ameriflex Group Inc. boosted its stake in Rockwell Automation by 100.0% during the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after buying an additional 50 shares during the last quarter. Legend Financial Advisors Inc. purchased a new position in Rockwell Automation during the 2nd quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. grew its holdings in 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 buying an additional 38 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Rockwell Automation in a research note on Monday. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Robert W. Baird upped their price target on Rockwell Automation from $392.00 to $402.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $391.00 price objective on shares of Rockwell Automation in a research note on Friday, November 7th. Finally, Morgan Stanley boosted their price objective on Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of “Moderate Buy” and an average price target of $388.13.

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.