Rebecca W. House, Senior Vice President, Chief Legal Officer, and Secretary at Rockwell Automation Inc. (NYSE:ROK), a $33.2 billion industrial automation company with a strong GOOD financial health rating according to InvestingPro, recently executed a series of transactions involving the company's common stock. According to a recent SEC filing, House sold shares totaling approximately $233,946 over several days in December.
On December 9, House sold 237 shares, with prices ranging from $301.9668 to $302.355, resulting in a total sale value of $71,575. On December 10, she continued her transactions, selling 547 shares at prices between $295.0857 and $298.1759, for a total of $162,371. The company, which has maintained dividend payments for 54 consecutive years, currently trades near its 52-week high of $312.75.
These sales were part of a pre-established trading plan under Rule 10b5-1, designed to cover taxes due on restricted stock units that vested recently. Following these transactions, House holds a total of 9,787 shares directly. For deeper insights into ROK's valuation and 12 additional exclusive ProTips, visit InvestingPro, where you'll find comprehensive analysis in our detailed Pro Research Report.
In other recent news, Rockwell Automation reported a challenging fiscal year in 2024 with sales declining by 9% to $8.3 billion. Despite the downturn, the company is implementing cost reduction strategies and introducing new products, which are part of the company's research and development investments. For fiscal 2025, Rockwell Automation is projecting a potential sales range between a 4% decline and a 2% increase, alongside a 10% growth in annual recurring revenue and a target of $250 million in cost savings.
Rockwell Automation received an upgraded rating from KeyBanc, moving from Sector Weight to Overweight, indicating a positive outlook on the company's future earnings growth and margin expansion. Barclays (LON:BARC) also upgraded Rockwell Automation's stock from Underweight to Equalweight, raising its price target to $290. However, Goldman Sachs (NYSE:GS) maintained its Sell rating on Rockwell Automation shares, setting its price target at $250, expressing concerns about the company's ambitious order acceleration goals for the first half of 2025.
These recent developments reflect Rockwell Automation's commitment to navigate a difficult period while focusing on long-term growth and structural investments. These are recent developments and the situation may continue to evolve.
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