Rockwell Automation (NYSE:ROK) VP Isaac Woods Sells 500 Shares of Company Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 500 shares of Rockwell Automation stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $402.61, for a total value of $201,305.00. Following the completion of the sale, the vice president directly owned 1,358 shares in the company, valued at approximately $546,744.38. This represents a 26.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Isaac Woods also recently made the following trade(s):

• On Tuesday, September 8th, Isaac Woods sold 154 shares of Rockwell Automation stock. The stock was sold at an average price of $432.62, for a total value of $66,623.48.

Rockwell Automation Stock Down 0.4%

NYSE:ROK traded down $1.67 during trading hours on Friday, reaching $402.53. 913,260 shares of the stock were exchanged, compared to its average volume of 1,074,089. The stock has a market cap of $44.70 billion, a PE ratio of 32.07, a PEG ratio of 2.83 and a beta of 1.51. Rockwell Automation, Inc. has a twelve month low of $347.53 and a twelve month high of $497.36. The firm has a 50 day moving average of $426.86 and a 200 day moving average of $426.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 1.35.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 5th. The industrial products company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.41 billion. Rockwell Automation had a net margin of 15.68% and a return on equity of 41.79%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $3.34 earnings per share. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. On average, equities analysts expect that Rockwell Automation, Inc. will post 14.95 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, November 16th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.38. Rockwell Automation’s dividend payout ratio (DPR) is presently 43.98%.

Top Rockwell Automation Stories

Investors following ROK have been watching these stories:

• Positive Sentiment: Technology partner Laminar will bring real-time fluid monitoring capabilities to Rockwell customers, with a focus on improving manufacturers’ cleaning and product-changeover processes. The collaboration may strengthen Rockwell’s automation offering and help customers improve efficiency and resource use. Article: Laminar Joins Rockwell Automation PartnerNetwork
• Neutral Sentiment: Vice President Isaac Woods sold 500 shares for about $201,000 under a pre-arranged Rule 10b5-1 plan. He retained 1,358 shares; the planned nature of the transaction makes it a limited signal about his current outlook. SEC Form 4 filing
• Negative Sentiment: ETFs were reported as net sellers of ROK shares on Nov. 11. This may add some flow-related pressure, although ETF activity alone does not indicate a change in the company’s fundamentals. Article: ETFs Are Net Sellers of Rockwell Automation

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley set a $520.00 price objective on shares of Rockwell Automation in a research note on Friday, October 16th. Mizuho lowered their target price on Rockwell Automation from $445.00 to $430.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Deutsche Bank lifted their target price on Rockwell Automation from $469.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, September 30th. Robert W. Baird set a $514.00 target price on Rockwell Automation in a report on Wednesday, August 5th. Finally, Citigroup reduced their price target on Rockwell Automation from $536.00 to $504.00 and set a “buy” rating for the company in a research report on Friday, November 6th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Rockwell Automation has an average rating of “Hold” and a consensus target price of $471.33.

Hedge Funds Weigh In On Rockwell Automation

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Rockwell Automation in the 2nd quarter valued at about $6,129,376,000. State Street Corp increased its stake in shares of Rockwell Automation by 0.4% during the 3rd quarter. State Street Corp now owns 5,343,300 shares of the industrial products company’s stock worth $2,326,099,000 after purchasing an additional 19,310 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Rockwell Automation by 6.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,022,866 shares of the industrial products company’s stock worth $445,284,000 after purchasing an additional 63,435 shares during the last quarter. Amundi raised its holdings in shares of Rockwell Automation by 13.5% in the 1st quarter. Amundi now owns 998,374 shares of the industrial products company’s stock valued at $358,296,000 after purchasing an additional 118,474 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Rockwell Automation in the 2nd quarter valued at about $394,905,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

About Rockwell Automation

Rockwell Automation, Inc. is an industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. Its roots date to 1903, when it was founded as the Compression Rheostat Company. The company provides hardware, software and services that help manufacturers automate and manage industrial operations. Its offerings include control systems, sensors, motor-control products, industrial software and services for optimizing production and maintaining equipment. Its Allen-Bradley and FactoryTalk brands are among its best-known product lines.