Isaac Woods Sells 154 Shares of Rockwell Automation (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 154 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total transaction of $66,623.48. Following the sale, the vice president owned 1,858 shares of the company’s stock, valued at $803,807.96. This trade represents a 7.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Rockwell Automation Stock Performance

Shares of ROK opened at $421.49 on Friday. The stock has a 50 day moving average price of $449.52 and a two-hundred day moving average price of $429.36. The firm has a market capitalization of $46.81 billion, a P/E ratio of 39.50, a P/E/G ratio of 2.48 and a beta of 1.52. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 week high of $497.36.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.11. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities analysts forecast that Rockwell Automation, Inc. will post 13.23 earnings per share for the current fiscal year.

Rockwell Automation announced that its board has approved a stock buyback plan on Tuesday, June 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Rockwell Automation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its position in Rockwell Automation by 50,536.8% during the second quarter. California State Teachers Retirement System now owns 84,037,850 shares of the industrial products company’s stock valued at $41,605,459,000 after purchasing an additional 83,871,888 shares during the last quarter. BlackRock Inc. bought a new position in shares of Rockwell Automation in the 2nd quarter worth $6,129,376,000. Norges Bank purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at $615,596,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Rockwell Automation by 5,925.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock valued at $352,572,000 after buying an additional 891,153 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Rockwell Automation during the 2nd quarter worth $394,905,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ROK shares. Citigroup lowered their target price on shares of Rockwell Automation from $555.00 to $536.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Robert W. Baird set a $514.00 price target on Rockwell Automation in a research report on Wednesday, August 5th. Sanford C. Bernstein boosted their price objective on Rockwell Automation from $501.00 to $514.00 and gave the company a “market perform” rating in a research note on Friday, August 14th. Finally, Evercore set a $485.00 price objective on Rockwell Automation in a report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average target price of $469.14.

Rockwell Automation Company Profile

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.