Rockwell Automation SVP Blake Moret Sells 4,669 Shares (ROK)
Rockwell Automation (NYSE:ROK) SVP Blake Moret unloaded 4,669 shares of the stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $103.00, for a total transaction of $480,907.00. Following the completion of the sale, the senior vice president now directly owns 16,462 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Rockwell Automation (NYSE:ROK) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $106.00 price target on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Rockwell Automation (NYSE:ROK) from $100.00 to $107.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Rockwell Automation (NYSE:ROK) from $99.00 to $109.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $95.80.
Rockwell Automation (NYSE:ROK) traded down 0.27% on Wednesday, hitting $103.74. The stock had a trading volume of 1,092,336 shares. Rockwell Automation has a 1-year low of $68.12 and a 1-year high of $105.22. The stock has a 50-day moving average of $97.95 and a 200-day moving average of $89.95. The company has a market cap of $14.386 billion and a price-to-earnings ratio of 20.00.
Rockwell Automation (NYSE:ROK) last released its earnings data on Tuesday, July 30th. The company reported $1.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.15. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the company posted $1.33 earnings per share. Rockwell Automation’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that Rockwell Automation will post $5.61 EPS for the current fiscal year.
Rockwell Automation, Inc (NYSE:ROK) is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses.
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