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MILWAUKEE—Bulho Matheus De A G Viera, Senior Vice President of Software (ETR:SOWGn) and Control at Rockwell Automation, Inc. (NYSE:ROK), recently sold shares of the company’s stock, according to a Form 4 filing with the SEC. The transaction comes as the industrial automation company, currently valued at $25.7 billion, has seen its stock decline by 12% in the past week and is trading near its 52-week low.
On April 2, Viera sold 293 shares of Rockwell Automation’s common stock at prices ranging from $257.27 to $257.84 per share, resulting in a total transaction value of $75,499. This sale was part of a pre-established Rule 10b5-1 trading plan intended to cover taxes due on restricted stock units that vested on April 1. The company, known for its strong dividend history with 55 consecutive years of payments and 15 years of consecutive increases, maintains a Fair Value rating according to InvestingPro analysis.
In a separate transaction on April 1, Viera acquired 882 shares of common stock through the exercise of restricted stock units, which were acquired at no cost. Following these transactions, Viera holds 1,922 shares directly and an additional 5.63 shares indirectly through a company savings plan. For deeper insights into insider trading patterns and comprehensive analysis of Rockwell Automation, including 10 additional ProTips, visit InvestingPro.
In other recent news, Rockwell Automation reported fiscal first-quarter results that surpassed expectations, with earnings per share (EPS) exceeding guidance estimates. UBS noted that the company’s segment operating profit outperformed by approximately 7%, despite an 8% decline in organic growth. KeyBanc Capital Markets also highlighted Rockwell’s strong performance, attributing it to impressive margins and operational excellence initiatives. Meanwhile, Rockwell Automation has partnered with Amazon (NASDAQ:AMZN) Web Services to accelerate digital transformation in manufacturing, enhancing cloud solutions for manufacturers.
Loop Capital raised its price target for Rockwell Automation from $260 to $280, maintaining a Hold rating due to the company’s robust financial results and improved business conditions. JPMorgan increased its price target to $248 from $240, while maintaining an Underweight rating, citing a modest improvement in financial estimates but expressing caution over ambitious long-term earnings targets. UBS maintained a Neutral rating with a $313 target, noting positive order trends and potential revenue upticks.
KeyBanc reaffirmed its Overweight rating with a $345 target, emphasizing improved demand and operational visibility. These developments reflect a mix of strategic partnerships, strong financial performance, and cautious optimism from analysts regarding Rockwell Automation’s future prospects.
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