Rockwell Automation (NYSE:ROK) SVP Matthew Fordenwalt Sells 146 Shares

Rockwell Automation, Inc. (NYSE:ROK) SVP Matthew Fordenwalt sold 146 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $402.48, for a total value of $58,762.08. Following the completion of the sale, the senior vice president directly owned 4,437 shares of the company’s stock, valued at approximately $1,785,803.76. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rockwell Automation Stock Up 2.4%

NYSE:ROK traded up $9.48 on Wednesday, hitting $410.09. 932,398 shares of the company’s stock traded hands, compared to its average volume of 1,009,787. The company has a market cap 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, Inc. has a 1 year low of $215.00 and a 1 year high of $413.04. 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 firm has a 50-day moving average price of $370.46 and a 200-day moving average price of $349.75.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) 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 business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the firm earned $2.47 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be issued a dividend of $1.38 per share. The ex-dividend date is Monday, November 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is presently 72.06%.

Institutional Trading of Rockwell Automation

Several large investors have recently made changes to their positions in ROK. Allworth Financial LP lifted its holdings in shares of Rockwell Automation by 2.3% during the third quarter. Allworth Financial LP now owns 6,146 shares of the industrial products company’s stock worth $2,148,000 after buying an additional 137 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Rockwell Automation by 12.3% in the third quarter. IFP Advisors Inc now owns 1,603 shares of the industrial products company’s stock worth $560,000 after acquiring an additional 176 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in Rockwell Automation by 3.6% during the third quarter. Swiss Life Asset Management Ltd now owns 59,583 shares of the industrial products company’s stock worth $20,826,000 after acquiring an additional 2,050 shares during the period. CIBC Private Wealth Group LLC raised its stake in Rockwell Automation by 11.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,205 shares of the industrial products company’s stock valued at $2,169,000 after purchasing an additional 630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Rockwell Automation during the 3rd quarter valued at $5,425,000. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the topic of a number of research reports. Bank of America upped their price target on shares of Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $391.00 target price on shares of Rockwell Automation in a research report on Friday, November 7th. Wells Fargo & Company raised their price target on Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Robert W. Baird boosted their price target on Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Finally, Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.