Rockwell Automation (NYSE:ROK) CEO Blake Moret Sells 1,762 Shares

Rockwell Automation, Inc. (NYSE:ROK) CEO Blake Moret sold 1,762 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $402.90, for a total transaction of $709,909.80. Following the sale, the chief executive officer owned 89,749 shares of the company’s stock, valued at approximately $36,159,872.10. This represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $403.87 on Friday. The firm has a fifty day moving average of $367.06 and a 200-day moving average of $347.38. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $406.44. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $45.34 billion, a P/E ratio of 52.73, a PEG ratio of 2.71 and a beta of 1.50.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the company earned $2.47 EPS. The firm’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. As a group, analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s payout ratio is 72.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ROK shares. JPMorgan Chase & Co. upped their price target on Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Morgan Stanley lifted their price target 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. Finally, Barclays upped their price objective on shares of Rockwell Automation from $417.00 to $435.00 and gave the company an “overweight” rating in a research report on Thursday. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $372.56.

Institutional Investors Weigh In On Rockwell Automation

Hedge funds and other institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Rockwell Automation by 7.1% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 440 shares of the industrial products company’s stock worth $154,000 after buying an additional 29 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of Rockwell Automation by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 2,598 shares of the industrial products company’s stock worth $908,000 after purchasing an additional 29 shares during the last quarter. J. Safra Sarasin Holding AG grew its position in shares of Rockwell Automation by 2.2% during the third quarter. J. Safra Sarasin Holding AG now owns 1,384 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 30 shares during the last quarter. Fragasso Financial Advisors Inc grew its position in Rockwell Automation by 3.6% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 902 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 31 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in Rockwell Automation by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,015 shares of the industrial products company’s stock valued at $355,000 after acquiring an additional 32 shares during the period. 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.