Categories: Insider Trading News

Rockwell Automation’s Robert Buttermore sells $21,483 in inventory


Robert L. Buttermore, the Senior Vice President and Chief Provide Chain Officer at Rockwell Automation, Inc. (NYSE:ROK), just lately offered shares price roughly $21,483, in accordance with a latest SEC submitting. The transactions have been a part of a pre-arranged buying and selling plan. In line with InvestingPro knowledge, the corporate at present trades at a excessive earnings a number of with a P/E ratio of 35.45, suggesting premium market valuation.

On December 9, Buttermore offered 22 shares at a weighted common worth of $302.02, totaling $6,644. Additional gross sales occurred on December 10, when he offered a complete of 35 shares at costs starting from $294.85 to $298.89, amounting to $14,839. The corporate maintains sturdy fundamentals with a 39% gross revenue margin and has demonstrated dedication to shareholder returns, having maintained dividend funds for 54 consecutive years with an 11% dividend development within the final twelve months.

These gross sales have been performed to cowl taxes due on restricted inventory models that vested on December 7 and December 9. Following these transactions, Buttermore holds 2,245 shares instantly. The corporate maintains a reasonable debt stage and reveals good total monetary well being, as indicated by its Altman Z-Rating of 6.95.

In different latest information, Rockwell Automation has seen its inventory upgraded by KeyBanc and Barclays (LON:BARC) attributable to a constructive outlook on future earnings development and potential political advantages, respectively. Nevertheless, Goldman Sachs has maintained a Promote score attributable to considerations concerning the firm’s formidable order acceleration targets for 2025. Regardless of going through a difficult fiscal 12 months in 2024, with a 9% decline in gross sales to $8.3 billion, Rockwell Automation is implementing value discount methods and introducing new merchandise. The corporate’s fiscal 2025 steering signifies a possible gross sales vary between a 4% decline and a 2% improve, with a ten% development in annual recurring income and a goal of $250 million in value financial savings. These are latest developments and the state of affairs might proceed to evolve.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.

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