Rebecca W. House, Senior Vice President, Chief Legal Officer, and Secretary at Rockwell Automation, Inc. (NYSE:ROK), reported a recent transaction involving the sale of company stock. On December 5, House sold 367 shares of Rockwell Automation's common stock at prices ranging from $296.30 to $296.46, generating a total transaction value of approximately $108,742. The transaction occurs as Rockwell Automation, currently valued at $33.37 billion, maintains a GOOD financial health score according to InvestingPro analysis.
This sale was executed under a Rule 10b5-1 plan established on November 29, 2023. The plan was designed to cover taxes due on restricted stock units that vested on December 4, 2024. Following this transaction, House holds 8,902 shares directly in the company, which has maintained dividend payments for 54 consecutive years.
In addition to the sale, House also acquired 787 shares through the exercise of restricted stock units on December 4, 2024. These restricted stock units were awarded under the company's 2020 Long-Term Incentives Plan and vest in three substantially equal annual installments. For deeper insights into Rockwell Automation's valuation and performance metrics, including 10+ additional ProTips, access the comprehensive research report available on InvestingPro.
In other recent news, Rockwell Automation experienced a challenging fiscal year in 2024 with a 9% decline in sales to $8.3 billion. Despite this, the company is implementing cost reduction strategies and strategic positioning for future growth. Analysts from Barclays (LON:BARC), Baird, and Goldman Sachs (NYSE:GS) have recently provided their assessments of the company. Barclays upgraded Rockwell Automation's stock from Underweight to Equalweight and increased its price target to $290, while Baird maintained an Outperform rating and raised its price target to $305.00. Goldman Sachs sustained its Sell rating with a price target of $250.00, expressing reservations about the company's ambitious order acceleration goals for the first half of 2025. Rockwell Automation's fiscal 2025 guidance indicates a potential sales range between a 4% decline and a 2% increase, with a 10% growth in annual recurring revenue and a target of $250 million in cost savings. The company is also anticipating more mega project orders in the coming fiscal year. These are some of the recent developments impacting Rockwell Automation.
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