Rockwell Automation (NYSE:ROK) SVP Matthew Fordenwalt Sells 1,200 Shares

by · The Cerbat Gem

Rockwell Automation, Inc. (NYSE:ROKGet Free Report) SVP Matthew Fordenwalt sold 1,200 shares of Rockwell Automation stock in a transaction on Monday, April 13th. The stock was sold at an average price of $400.00, for a total transaction of $480,000.00. Following the sale, the senior vice president directly owned 4,437 shares in the company, valued at $1,774,800. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rockwell Automation Stock Down 0.6%

Rockwell Automation stock traded down $2.57 during midday trading on Tuesday, hitting $405.21. 615,253 shares of the stock were exchanged, compared to its average volume of 818,554. Rockwell Automation, Inc. has a 1 year low of $222.06 and a 1 year high of $438.72. The firm has a market cap of $45.53 billion, a P/E ratio of 46.36, a P/E/G ratio of 2.91 and a beta of 1.54. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.16 and a quick ratio of 0.80. The company has a 50 day moving average price of $383.21 and a two-hundred day moving average price of $384.29.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.29. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.92%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a $1.38 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. Rockwell Automation’s payout ratio is presently 63.16%.

Analysts Set New Price Targets

ROK has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Rockwell Automation from $410.00 to $360.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Weiss Ratings raised shares of Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Barclays dropped their target price on shares of Rockwell Automation from $450.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. boosted their target price on shares of Rockwell Automation from $400.00 to $404.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Robert W. Baird dropped their target price on shares of Rockwell Automation from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $406.67.

View Our Latest Stock Report on ROK

Institutional Investors Weigh In On Rockwell Automation

A number of institutional investors have recently modified their holdings of ROK. Norges Bank acquired a new position in Rockwell Automation during the 4th quarter valued at about $615,596,000. Northwestern Mutual Wealth Management Co. boosted its stake in 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 purchasing an additional 891,153 shares during the period. JPMorgan Chase & Co. boosted its stake in Rockwell Automation by 122.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 819,708 shares of the industrial products company’s stock valued at $286,522,000 after purchasing an additional 451,038 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in Rockwell Automation during the 4th quarter valued at about $156,017,000. Finally, Invesco Ltd. boosted its stake in Rockwell Automation by 25.0% during the 4th quarter. Invesco Ltd. now owns 1,545,104 shares of the industrial products company’s stock valued at $601,154,000 after purchasing an additional 309,316 shares during the period. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Company Profile

(Get Free Report)

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.

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