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Robert L. Buttermore, Senior Vice President and Chief Supply Chain Officer at Rockwell Automation, Inc. (NYSE:ROK), recently sold shares in the company. According to a Form 4 filing with the Securities and Exchange Commission, Buttermore sold 202 shares of common stock on February 14, 2025, for a total of $59,823. The shares were sold at a weighted average price of $296.1541, with prices ranging from $296.06 to $296.25. The transaction comes as the stock shows strong momentum, having gained over 11% in the past week. According to InvestingPro analysis, the stock appears overvalued at current levels, despite its impressive 55-year track record of maintaining dividend payments.
This transaction was part of a pre-arranged trading plan under Rule 10b5-1, which Buttermore established on November 30, 2023. The sale was executed to cover taxes due on restricted stock units that vested on February 13, 2025.
Following the sale, Buttermore retains direct ownership of 2,610 shares of Rockwell Automation common stock. Additionally, he holds shares indirectly through a company savings plan.
In other recent news, Rockwell Automation has been the subject of several analyst reviews and adjustments. JPMorgan has raised its price target for Rockwell Automation to $248, acknowledging a shift in the company's earnings trajectory, despite expressing caution about the company's ambitious long-term earnings estimate.
UBS has maintained its Neutral stance on Rockwell Automation, keeping a price target of $313. The firm noted that Rockwell Automation's fiscal first-quarter results surpassed expectations, attributed to lower decremental margins and order trends indicating potential revenue uptick.
KeyBanc Capital Markets reiterated an Overweight rating for Rockwell Automation, with a steady price target of $345. The firm's analysts highlighted the company's strong performance following its first-quarter 2025 earnings, which exceeded expectations due to impressive margins and stronger-than-anticipated orders.
Oppenheimer increased the price target for Rockwell Automation to $320, maintaining an Outperform rating. The adjustment followed Rockwell Automation's performance surpassing the F1Q25 adjusted earnings per share (EPS) consensus estimate. The firm also highlighted the company's commitment to enhancing baseline profitability in anticipation of market demand recovery.
Finally, Oppenheimer reaffirmed its Outperform rating on Rockwell Automation with a steady price target of $300, noting that the company surpassed Wall Street's adjusted EPS expectations for the first fiscal quarter, aligning with sales forecasts. All these developments reflect recent shifts in Rockwell Automation's financial performance and market outlook.
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