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James P. Keane, a director at Rockwell Automation, Inc. (NYSE:ROK), recently sold 2,000 shares of the company’s common stock. The transactions, executed on November 26, 2024, were made at prices ranging from $295 to $297 per share, amounting to a total sale value of $592,000. Following these transactions, Keane retains ownership of 11,518 shares in the company. The stock, which has maintained dividend payments for 54 consecutive years, currently trades at elevated multiples compared to its peers. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, helping investors make more informed decisions about ROK's current valuation levels.
In other recent news, Rockwell Automation has experienced a challenging fiscal year in 2024, with a 9% decline in sales to $8.3 billion. However, the company is implementing cost reduction strategies and strategic positioning for future growth. The company's fiscal 2025 guidance indicates a potential sales range between a 4% decline and a 2% increase, and anticipates a 10% growth in annual recurring revenue. It also targets $250 million in cost savings.
Financial services firm Baird has raised its price target on shares of Rockwell Automation to $305.00, maintaining an Outperform rating. The firm highlighted Rockwell Automation's progress in integrating its products and services more tightly, leveraging cloud and artificial intelligence capabilities. Goldman Sachs, on the other hand, maintained its Sell rating on Rockwell Automation shares, keeping the price target at $250.00. The firm noted potential for higher margins within Rockwell Automation's Lifecycle Services.
Rockwell Automation's segment margin decreased by 200 basis points to 19.3% and adjusted EPS was down by 20%. Despite these challenges, the company expects a gradual improvement in sales through fiscal 2025 and is anticipating more mega project orders in the coming fiscal year. These are recent developments in the company's operations.
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