Rockwell Automation (NYSE:ROK) SVP Matheus De Viera Bulho Sells 400 Shares

Rockwell Automation, Inc. (NYSE:ROKGet Free Report) SVP Matheus De Viera Bulho sold 400 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $420.14, for a total value of $168,056.00. Following the completion of the sale, the senior vice president directly owned 867 shares in the company, valued at approximately $364,261.38. The trade was a 31.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rockwell Automation Stock Up 1.8%

Rockwell Automation stock traded up $7.54 on Wednesday, hitting $425.07. 704,469 shares of the stock traded hands, compared to its average volume of 871,202. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The firm has a market cap of $47.20 billion, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 2.48 and a beta of 1.52. The business’s fifty day simple moving average is $456.46 and its 200 day simple moving average is $427.59. Rockwell Automation, Inc. has a 1 year low of $332.71 and a 1 year high of $497.36.

Rockwell Automation (NYSE:ROKGet Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.

Rockwell Automation declared that its Board of Directors has authorized a share buyback plan on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy up to 2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio is 51.73%.

Institutional Investors Weigh In On Rockwell Automation

A number of institutional investors have recently made changes to their positions in ROK. Second Line Capital LLC purchased a new position in Rockwell Automation in the 2nd quarter worth approximately $430,000. HighTower Advisors LLC boosted its stake in Rockwell Automation by 4.9% during the 2nd quarter. HighTower Advisors LLC now owns 176,513 shares of the industrial products company’s stock valued at $87,388,000 after purchasing an additional 8,216 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Rockwell Automation in the 2nd quarter worth $6,119,000. California State Teachers Retirement System increased its holdings in shares of Rockwell Automation by 50,536.8% in the 2nd quarter. California State Teachers Retirement System now owns 84,037,850 shares of the industrial products company’s stock worth $41,605,459,000 after purchasing an additional 83,871,888 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in shares of Rockwell Automation by 125.4% in the second quarter. Ameritas Advisory Services LLC now owns 5,746 shares of the industrial products company’s stock worth $2,845,000 after purchasing an additional 3,197 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Morgan Stanley raised their price objective on Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a research report on Wednesday. Robert W. Baird set a $514.00 price objective on Rockwell Automation in a research note on Wednesday, August 5th. Rothschild & Co Redburn boosted their target price on Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. Finally, HSBC increased their target price on Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $469.14.

Get Our Latest Research Report on ROK

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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