This sale was conducted under a Rule 10b5-1 plan, which was established on November 29, 2023, to cover taxes due on restricted stock units that vested on December 4, 2024. Following this transaction, Woods holds 1,930 shares of Rockwell Automation (NYSE:ROK) directly. The filing also disclosed indirect ownership of 442.9 shares through a company savings plan. Additionally, Woods acquired 143 shares through the exercise of restricted stock units on December 4, with no direct financial outlay, as each unit represents a contingent right to one share of common stock. The company maintains a solid dividend track record, with a current yield of 1.76% and 54 consecutive years of dividend payments. For deeper insights into ROK's valuation and financial health metrics, access the comprehensive Pro Research Report available on InvestingPro. The company maintains a solid dividend track record, with a current yield of 1.76% and 54 consecutive years of dividend payments. For deeper insights into ROK's valuation and financial health metrics, access the comprehensive Pro Research Report available on InvestingPro. This sale was conducted under a Rule 10b5-1 plan, which was established on November 29, 2023, to cover taxes due on restricted stock units that vested on December 4, 2024.
Following this transaction, Woods holds 1,930 shares of Rockwell Automation directly. The filing also disclosed indirect ownership of 442.9 shares through a company savings plan. Additionally, Woods acquired 143 shares through the exercise of restricted stock units on December 4, with no direct financial outlay, as each unit represents a contingent right to one share of common stock.
In other recent news, Rockwell Automation has been in the spotlight following several analyst upgrades and downgrades. Barclays (LON:BARC) upgraded Rockwell Automation's stock from Underweight to Equalweight, raising its price target to $290. This upgrade was based on the company's potential growth under the current political landscape, citing improved sales figures during President Trump's first term. Meanwhile, Baird maintained an Outperform rating on the stock and raised its price target to $305, noting the company's advancements in integrating its products and services, and leveraging cloud and artificial intelligence capabilities. Goldman Sachs, however, maintained a Sell rating on Rockwell Automation shares with a price target of $250, expressing concerns about the company's ambitious order acceleration goals for the first half of 2025.
Rockwell Automation recently reported a 9% decline in sales to $8.3 billion for the fiscal year 2024. Despite this, the company is implementing cost reduction strategies and strategic positioning for future growth, introducing new products such as the LOGICS SIS process safety controller and Vision AI solution. The company'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.
Despite facing challenges, Rockwell Automation is expecting gradual sales improvement through fiscal 2025 and anticipates more mega project orders in the coming fiscal year. These developments reflect the company's commitment to navigate through a difficult period while focusing on long-term growth and structural investments.
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