Insider Buying: Rockwell Automation (NYSE:ROK) CEO Buys $1,545,440.00 in Stock

Rockwell Automation, Inc. (NYSE:ROK) CEO Blake Moret purchased 4,000 shares of the stock in a transaction on Monday, November 9th. The stock was acquired at an average price of $386.36 per share, with a total value of $1,545,440.00. Following the completion of the acquisition, the chief executive officer directly owned 99,285 shares of the company’s stock, valued at approximately $38,359,752.60. This represents a 4.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Rockwell Automation Trading Up 2.5%

NYSE:ROK opened at $406.98 on Thursday. Rockwell Automation, Inc. has a fifty-two week low of $347.53 and a fifty-two week high of $497.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 1.35. The stock has a market capitalization of $45.19 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.78 and a beta of 1.51. The business’s 50-day simple moving average is $427.79 and its 200-day simple moving average is $426.96.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. Rockwell Automation had a return on equity of 41.79% and a net margin of 15.68%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the firm earned $3.34 EPS. Rockwell Automation’s quarterly revenue was up .7% compared to the same quarter last year. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 14.94 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, November 16th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a yield of 1.4%. Rockwell Automation’s payout ratio is presently 46.22%.

Rockwell Automation News Roundup

Here’s some of the latest news about ROK:

• Positive Sentiment: Rockwell launched PanelView Pro, a rugged, modular human-machine interface designed to improve performance and simplify maintenance and migration for existing FactoryTalk View ME users. The product expands its automation offering, though no expected revenue contribution was disclosed. PanelView Pro announcement
• Positive Sentiment: CEO Blake Moret bought 4,000 shares for about $1.55 million, increasing his stake by 4.2%. The insider purchase may signal confidence in the company after its share-price pullback. SEC insider transaction filing
• Negative Sentiment: Recent results continue to weigh on sentiment: quarterly revenue of $2.33 billion missed the $2.41 billion consensus, despite earnings per share beating estimates. Coverage attributes much of the revenue miss to a one-time refund, but investors may still focus on the weak top-line result. Article on the revenue miss and CEO purchase

Institutional Investors Weigh In On Rockwell Automation

A number of hedge funds and other institutional investors have recently bought and sold shares of ROK. Flputnam Investment Management Co. acquired a new position in Rockwell Automation during the second quarter worth $1,001,000. Mandatum Life Insurance Co Ltd grew its position in 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 in the last quarter. Lombard Odier Asset Management Europe Ltd increased its stake in Rockwell Automation by 54.2% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 36,211 shares of the industrial products company’s stock valued at $12,995,000 after buying an additional 12,727 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in Rockwell Automation by 9,354.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 18,152 shares of the industrial products company’s stock valued at $8,987,000 after buying an additional 17,960 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Rockwell Automation by 642.7% during the 1st quarter. Fifth Third Bancorp now owns 35,154 shares of the industrial products company’s stock worth $12,616,000 after buying an additional 30,421 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROK. Evercore set a $485.00 price objective on shares of Rockwell Automation in a research report on Wednesday, August 5th. DA Davidson dropped their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. The Goldman Sachs Group cut their price objective on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Citigroup reduced their target price on shares of Rockwell Automation from $536.00 to $504.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Finally, Sanford C. Bernstein upped their target price on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research note on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $471.33.

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.