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

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 completion of the sale, the vice president directly owned 1,858 shares in the company, valued at $803,807.96. This trade represents a 7.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Price Performance

Shares of NYSE:ROK traded down $2.40 during midday trading on Wednesday, reaching $426.73. 597,033 shares of the company’s stock were exchanged, compared to its average volume of 865,873. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The company’s 50 day simple moving average is $451.67 and its two-hundred day simple moving average is $428.98. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The firm has a market capitalization of $47.39 billion, a PE ratio of 39.99, a price-to-earnings-growth ratio of 2.53 and a beta of 1.52.

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

Rockwell Automation declared that its Board of Directors has initiated a share buyback program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to purchase up to 2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Argus upped their price target on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Evercore set a $485.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Morgan Stanley upped their price objective on shares of Rockwell Automation from $525.00 to $545.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. TD Cowen raised their price objective on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Finally, Robert W. Baird set a $514.00 target price on shares of Rockwell Automation in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $469.14.

Institutional Investors Weigh In On Rockwell Automation

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Flputnam Investment Management Co. acquired a new stake in Rockwell Automation during the 2nd quarter valued at $1,001,000. Mandatum Life Insurance Co Ltd raised its position in shares of Rockwell Automation by 26.9% in the first quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company’s stock valued at $7,967,000 after purchasing an additional 4,700 shares during the period. Brighton Jones LLC bought a new position in shares of Rockwell Automation in the fourth quarter valued at about $281,000. Handelsbanken Fonder AB lifted its stake in shares of Rockwell Automation by 24.6% during the 4th quarter. Handelsbanken Fonder AB now owns 169,457 shares of the industrial products company’s stock worth $65,931,000 after buying an additional 33,413 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd boosted its holdings in shares of Rockwell Automation by 54.2% during the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 36,211 shares of the industrial products company’s stock worth $12,995,000 after buying an additional 12,727 shares during the period. Institutional investors own 75.75% of the company’s stock.

About Rockwell Automation

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.