Rockwell Automation (NYSE:ROK) SVP Sells $246,079.08 in Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Christopher Nardecchia sold 612 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.09, for a total value of $246,079.08. Following the completion of the transaction, the senior vice president owned 14,232 shares of the company’s stock, valued at approximately $5,722,544.88. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 8th, Christopher Nardecchia sold 480 shares of Rockwell Automation stock. The stock was sold at an average price of $400.96, for a total value of $192,460.80.
• 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 transaction of $51,981.84.

Rockwell Automation Stock Up 2.4%

ROK traded up $9.48 during trading on Wednesday, reaching $410.09. 932,398 shares of the stock were exchanged, compared to its average volume of 1,009,787. The stock has a market cap of $46.04 billion, a P/E ratio of 53.54, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. The stock’s 50 day moving average price is $370.46 and its two-hundred day moving average price is $349.75. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $413.04.

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

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a $1.38 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio is currently 72.06%.

Analysts Set New Price Targets

ROK has been the topic of a number of recent analyst reports. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Citigroup upped their price objective on shares of Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a report on Monday. Bank of America increased their price objective on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Finally, Barclays increased their price target on shares of Rockwell Automation from $417.00 to $435.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $388.13.

Hedge Funds Weigh In On Rockwell Automation

A number of hedge funds have recently bought and sold shares of the business. Allworth Financial LP increased its position in 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 acquiring an additional 137 shares during the period. IFP Advisors Inc grew its position in shares of Rockwell Automation by 12.3% during the 3rd quarter. IFP Advisors Inc now owns 1,603 shares of the industrial products company’s stock worth $560,000 after purchasing an additional 176 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of 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 purchasing an additional 2,050 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Rockwell Automation by 11.3% during the third quarter. CIBC Private Wealth Group LLC now owns 6,205 shares of the industrial products company’s stock worth $2,169,000 after purchasing an additional 630 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Rockwell Automation in the third quarter valued at approximately $5,425,000. 75.75% of the stock is owned by institutional investors.

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.