Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) Director Patricia Watson sold 1,100 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the sale, the director owned 6,385 shares of the company's stock, valued at $2,754,680.55. The trade was a 14.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Rockwell Automation Price Performance
Shares of ROK stock opened at $430.73 on Friday. Rockwell Automation, Inc. has a 1 year low of $332.71 and a 1 year high of $497.36. The firm's 50 day moving average is $458.33 and its 200-day moving average is $427.31. The firm has a market capitalization of $47.83 billion, a price-to-earnings ratio of 40.37, a PEG ratio of 2.53 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.
Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly 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. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the business posted $2.82 earnings per share. Rockwell Automation's revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Sell-side analysts forecast that Rockwell Automation, Inc. will post 13.21 EPS for the current fiscal year.
Rockwell Automation Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given 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 (DPR) is presently 51.73%.
Rockwell Automation announced that its board has approved a stock buyback plan on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.
Analyst Ratings Changes
Several brokerages have recently issued reports on ROK. Morgan Stanley reaffirmed an "overweight" rating and set a $525.00 price target on shares of Rockwell Automation in a research note on Wednesday, May 6th. Mizuho set a $445.00 price objective on Rockwell Automation in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on Rockwell Automation from $404.00 to $417.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Argus raised their target price on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $468.19.
Get Our Latest Research Report on ROK
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtus Advisers LLC bought a new stake in Rockwell Automation in the second quarter valued at about $25,000. MV Capital Management Inc. acquired a new position in Rockwell Automation in the fourth quarter valued at about $28,000. Manchester Capital Management LLC boosted its holdings in Rockwell Automation by 97.5% during the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company's stock worth $31,000 after buying an additional 39 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Rockwell Automation during the 4th quarter worth about $33,000. Finally, TD Capital Management LLC acquired a new position in shares of Rockwell Automation during the 4th quarter worth about $33,000. 75.75% of the stock is currently owned by institutional investors.
Rockwell Automation Company Profile
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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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