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Tessa M. Myers, Senior Vice President of Intelligent Devices at Rockwell Automation, Inc. (NYSE:ROK), recently executed a notable stock transaction amid the company’s strong market performance. According to InvestingPro analysis, ROK is currently trading near its 52-week high of $328.90, with technical indicators suggesting overbought conditions. On June 9, 2025, Myers sold 363 shares of Rockwell Automation common stock, generating proceeds of approximately $118,453. The shares were sold at a weighted average price of $326.32, with individual prices ranging from $326.15 to $326.44.
The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which Myers entered into on November 29, 2024. This transaction was part of a strategy to cover taxes due on restricted stock units that vested on June 6, 2025. Following the sale, Myers retains direct ownership of 4,063 shares of Rockwell Automation, currently valued at approximately $1.32 million based on the market price of $325.22.
Additionally, on June 6, 2025, Myers acquired 776 shares of common stock through the exercise of restricted stock units, priced at zero dollars per share, as part of her compensation package. This acquisition did not result in any immediate financial outlay but increased her holdings.
These transactions reflect Rockwell Automation’s stock plan activities and provide insight into the company’s executive compensation and stock management strategies.
In other recent news, Rockwell Automation has seen several notable developments that could interest investors. Oppenheimer raised its price target for the company to $304, citing strong second-quarter performance and improved margin forecasts, despite maintaining an Outperform rating. Similarly, KeyBanc Capital Markets increased its price target to $345, maintaining an Overweight rating due to confidence in Rockwell Automation’s strategic initiatives and market position. Barclays also upgraded Rockwell Automation’s stock from Equal Weight to Overweight, increasing the price target to $350, based on a positive outlook for the company’s top-line growth. Additionally, TD Cowen adjusted its rating from Sell to Hold, with a new price target of $275, highlighting effective cost controls and order stabilization.
Rockwell Automation has also introduced FactoryTalk PharmaSuite 12.00, a new manufacturing execution system aimed at enhancing efficiency in the pharmaceutical sector. This release includes features like modular architecture and enhanced cybersecurity to meet industry demands. Moreover, the company has emphasized its commitment to operational excellence and expanded its manufacturing capabilities with a new facility in Milwaukee. These developments reflect Rockwell Automation’s strategic focus on strengthening its market position and addressing industry challenges.
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