Rollins Inc . (NYSE:ROL) Executive Vice President, CFO, and Treasurer Kenneth D. Krause has sold 5,000 shares of company stock, according to a recent SEC filing. The transaction, dated April 26, 2024, was executed at a price of $45.0 per share, totaling $225,000.
The sale was conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks at a time when they are not in possession of material non-public information. This ensures compliance with insider trading laws and regulations.
Following the sale, Krause still owns a significant number of Rollins shares, with his post-transaction holdings totaling 94,078 shares. This figure includes both restricted and unrestricted shares, as indicated in the footnotes of the SEC filing.
Rollins Inc., known for its services to dwellings and other buildings, has not provided any comments on this transaction. Insider sales and purchases can be of interest to investors as they may provide insights into executives' perspectives on the company's current valuation and future prospects.
The transaction is part of the regular financial disclosures made by company executives and is publicly available information for investors and analysts. Shareholders often monitor these sales to better understand how the actions of company executives align with their investment strategies and the overall health of the company.
InvestingPro Insights
Rollins Inc. (NYSE:ROL), a leading provider of services to dwellings and other buildings, has been a subject of interest following the recent sale of shares by Executive Vice President, CFO, and Treasurer Kenneth D. Krause. To provide additional context to investors examining this insider transaction, here are some key metrics and insights from InvestingPro:
InvestingPro Data:
- The company's market capitalization stands at $21.71 billion.
- Rollins is currently trading at a Price/Earnings (P/E) ratio of 49.69.
- The firm's gross profit margin over the last twelve months as of Q1 2024 is an impressive 52.31%.
InvestingPro Tips:
- Rollins has a notable track record of raising its dividend, having done so for 21 consecutive years, indicating a commitment to returning value to shareholders.
- Analysts have revised their earnings expectations upwards for the upcoming period, suggesting potential optimism about the company's future financial performance.
For investors looking to delve deeper into Rollins Inc.'s financial health and future outlook, InvestingPro offers additional exclusive tips. There are currently 18 more InvestingPro Tips available, which can provide further insights into the company's valuation, profitability, and stock performance.
Investors interested in these insights can find them at https://www.investing.com/pro/ROL and can take advantage of an additional 10% off a yearly or biyearly Pro and Pro+ subscription with the coupon code PRONEWS24. These insights may help investors better understand the implications of insider transactions like Krause’s recent sale and how it fits into the broader financial picture of Rollins Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.