Rockwell Automation (NYSE:ROK) CEO Blake Moret Buys 4,000 Shares of Stock

Rockwell Automation, Inc. (NYSE:ROK) CEO Blake Moret bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average price of $386.36 per share, with a total value of $1,545,440.00. Following the purchase, the chief executive officer owned 99,285 shares in the company, valued at $38,359,752.60. This trade represents a 4.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rockwell Automation Stock Performance

ROK opened at $388.95 on Tuesday. The firm has a market capitalization of $43.19 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.51. The stock’s 50 day moving average price is $428.55 and its two-hundred day moving average price is $427.16. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. Rockwell Automation, Inc. has a 12-month low of $347.53 and a 12-month high of $497.36.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 5th. The industrial products company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.69 by $0.19. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the business posted $3.34 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. On average, equities analysts forecast that Rockwell Automation, Inc. will post 15.00 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a $1.45 dividend. The ex-dividend date is Monday, November 16th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.38. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. Rockwell Automation’s dividend payout ratio is 43.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ROK shares. Morgan Stanley set a $520.00 target price on shares of Rockwell Automation in a research note on Friday, October 16th. Mizuho dropped their price objective on shares of Rockwell Automation from $445.00 to $430.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Rockwell Automation from $469.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, September 30th. Zacks Research cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, DA Davidson reduced their target price on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. Nine investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $471.33.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in Rockwell Automation by 36.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 349 shares of the industrial products company’s stock valued at $152,000 after buying an additional 94 shares during the period. Phoenix Financial Ltd. boosted its position in shares of Rockwell Automation by 31.5% during the 3rd quarter. Phoenix Financial Ltd. now owns 7,556 shares of the industrial products company’s stock valued at $3,291,000 after acquiring an additional 1,810 shares in the last quarter. Diversified Trust Co boosted its position in shares of Rockwell Automation by 112.1% during the 3rd quarter. Diversified Trust Co now owns 1,992 shares of the industrial products company’s stock valued at $867,000 after acquiring an additional 1,053 shares in the last quarter. Aberdeen Group plc increased its stake in Rockwell Automation by 62.2% in the third quarter. Aberdeen Group plc now owns 207,725 shares of the industrial products company’s stock valued at $90,429,000 after acquiring an additional 79,627 shares during the period. Finally, Allworth Financial LP increased its stake in Rockwell Automation by 6.5% in the third quarter. Allworth Financial LP now owns 5,538 shares of the industrial products company’s stock valued at $2,411,000 after acquiring an additional 339 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Company Profile

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.

Rockwell Automation serves customers across a range of industries and operates in markets around the world.