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Rockwell Automation Exec Cashes In on Stock Sale

Rockwell Automation Exec Cashes In on Stock Sale

New insider activity at Rockwell Automation ( (ROK) ) has taken place on February 15, 2025.

Terry L. Riesterer, the Vice President and Controller of Rockwell Automation, recently completed a significant transaction by selling 850 shares of the company’s stock. This sale amounted to a total value of $255,178.

Recent Updates on ROK stock

In the last 24 hours, Rockwell Automation has seen a surge in analyst price target revisions due to its impressive Q1 results, which showcased strong margins and improved orders, signaling a turning point in the U.S. Factory Automation cycle. Morgan Stanley, Oppenheimer, Baird, and Wells Fargo all raised their price targets, citing reasons such as stronger margin performance, orders exceeding prior guidance, and a positive outlook on organic sales and EPS for FY25. Additionally, Rockwell’s collaboration with NEO Battery Materials aims to enhance production efficiency and scalability, further boosting the company’s prospects. Analysts express confidence in Rockwell’s ability to capitalize on market demand and optimize cost structures, contributing to these positive revisions.

More about Rockwell Automation

YTD Price Performance: 6.33%

Average Trading Volume: 923,040

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $33.77B

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Questions or Comments about the article? Write to editor@tipranks.com