Rockwell Automation CEO sells shares price $516,503

Blake D. Moret, President and CEO of Rockwell Automation, Inc. (NYSE:ROK), a $33.4 billion industrial automation firm buying and selling close to its 52-week excessive of $312.75, not too long ago offered 1,741 shares of the corporate’s frequent inventory, in accordance with a submitting with the Securities and Change Fee. The shares had been offered at a weighted common value of $296.67, producing a complete of roughly $516,503. This transaction was executed on December 5, 2024, as a part of a Rule 10b5-1 plan established earlier within the yr to cowl taxes due on vested restricted inventory items. Based on InvestingPro evaluation, the inventory at the moment trades at a P/E ratio of 35.4x, suggesting a premium valuation.

Following this sale, Moret retains possession of 80,309 shares held not directly by a household belief. Moreover, Moret acquired 3,935 shares of frequent inventory by the train of restricted inventory items on December 4, 2024, although these transactions didn’t contain any money trade. Moret’s holdings additionally embody shares represented by firm inventory fund items in a financial savings plan, totaling 165.97 shares as of November 1, 2024. InvestingPro knowledge exhibits Rockwell maintains a robust monetary well being score and has raised its dividend for 15 consecutive years, demonstrating constant shareholder returns. For complete insider buying and selling evaluation and 10+ further ProTips, discover InvestingPro’s detailed analysis report.

In different latest information, Rockwell Automation skilled a difficult fiscal yr in 2024, reporting a 9% decline in gross sales to $8.3 billion. The corporate is implementing value discount methods and strategic positioning for future development, introducing new merchandise such because the LOGICS SIS course of security controller and Imaginative and prescient AI answer. Barclays (LON:BARC) elevated its value goal for Rockwell Automation shares to $290, upgrading the corporate’s inventory from Underweight to Equalweight, citing potential development beneath the present political panorama. In the meantime, Baird raised its value goal to $305, sustaining an Outperform score, whereas Goldman Sachs maintained a Promote score with a value goal of $250. These latest developments replicate Rockwell Automation’s dedication to navigate by a tough interval whereas specializing in long-term development and structural investments.

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