Cyril Perducat, the Senior Vice President and Chief Technology Officer at Rockwell Automation, Inc. (NYSE:ROK), recently executed a series of stock transactions, according to a recent SEC filing. On December 9 and 10, Perducat sold shares totaling approximately $96,659. The transactions come at a time when InvestingPro data shows ROK trading at premium multiples across several metrics, with a P/E ratio of 35.5x.
The transactions included the sale of 92 shares on December 9 at an average price of $301.9994, amounting to $27,783. On December 10, Perducat sold an additional 232 shares at prices ranging from $295.2453 to $298.3806, totaling $68,876.
These sales were part of a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stock at a later date, helping to avoid concerns about insider trading.
Following these transactions, Perducat holds 4,641 shares of Rockwell Automation common stock. The stock sales were primarily executed to cover taxes due on restricted stock units that recently vested. According to InvestingPro's analysis, ROK maintains a "GOOD" overall financial health score, with particularly strong marks in profitability metrics. For deeper insights and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Rockwell Automation has been navigating a challenging fiscal year, with a 9% decline in sales to $8.3 billion. Despite these difficulties, the company has been implementing cost reduction strategies and introducing new products, such as the LOGICS SIS process safety controller and Vision AI solution. For fiscal 2025, Rockwell Automation projects 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.
In the realm of analyst ratings, KeyBanc upgraded Rockwell Automation's stock from Sector Weight to Overweight, setting a new price target of $345.00, based on the company's future earnings growth and margin expansion. Barclays (LON:BARC) also upgraded the company's stock from Underweight to Equalweight, raising its price target to $290.00, while Goldman Sachs (NYSE:GS) maintained its Sell rating on the company's shares, with a price target of $250.00.
These developments reflect recent shifts in Rockwell Automation's financial performance and analyst ratings. It's important to note that these are recent developments and the situation may continue to evolve.
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