Rockwell Automation (NYSE:ROK) CEO Sells $2,236,839.28 in Stock

Rockwell Automation, Inc. (NYSE:ROK) CEO Blake Moret sold 5,564 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $402.02, for a total value of $2,236,839.28. Following the transaction, the chief executive officer directly owned 94,585 shares of the company’s stock, valued at $38,025,061.70. This represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Rockwell Automation Stock Performance

ROK traded up $9.48 during midday trading on Wednesday, reaching $410.09. The company’s stock 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 company has a fifty day simple moving average of $370.46 and a 200 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 twelve month low of $215.00 and a twelve month high of $413.04.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be issued 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 yield of 1.3%. Rockwell Automation’s payout ratio is currently 72.06%.

Institutional Investors Weigh In On Rockwell Automation

Several hedge funds and other institutional investors have recently made changes to their positions in ROK. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Rockwell Automation by 468.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares during the period. Rexford Capital Inc. bought a new stake in Rockwell Automation during the 2nd quarter worth about $33,000. Ameriflex Group Inc. lifted its position in Rockwell Automation by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 50 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Rockwell Automation by 48.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 38 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new position in shares of Rockwell Automation in the 2nd quarter valued at about $39,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ROK shares. Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Morgan Stanley lifted their target price on Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Citigroup boosted their price target on Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research note on Monday. Barclays raised their price objective on Rockwell Automation from $417.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.