Insider Selling: Rockwell Automation CFO Sells 31,446 Shares of Stock (ROK)
Rockwell Automation (NYSE:ROK) CFO Theodore D. Crandall unloaded 31,446 shares of the stock on the open market in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.81, for a total value of $3,610,315.26. Following the sale, the chief financial officer now directly owns 200 shares of the company’s stock, valued at approximately $22,962. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note to investors on Thursday. They now have a $121.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rockwell Automation in a research note to investors on Thursday. They now have a $141.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Rockwell Automation from $114.00 to $131.00 in a research note to investors on Thursday, January 16th. They now have an “overweight” rating on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.45.
Shares of Rockwell Automation (NYSE:ROK) traded down 2.50% during mid-day trading on Monday, hitting $111.97. 1,758,299 shares of the company’s stock traded hands. Rockwell Automation has a 52-week low of $80.60 and a 52-week high of $121.01. The stock has a 50-day moving average of $116.1 and a 200-day moving average of $107.4. The company has a market cap of $15.720 billion and a P/E ratio of 20.39.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $1.23 earnings per share. Rockwell Automation’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Rockwell Automation will post $6.27 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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