Rockwell Automation VP Unloads $1,567,688 in Stock (ROK)
Rockwell Automation (NYSE:ROK) VP Douglas M. Hagerman sold 13,638 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.95, for a total transaction of $1,567,688.10. Following the completion of the sale, the vice president now directly owns 45,188 shares in the company, valued at approximately $5,194,361. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 one year low of $80.60 and a one year 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 price-to-earnings ratio of 20.39.
Rockwell Automation (NYSE:ROK) last released its earnings data 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 in the prior year, the company posted $1.23 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Rockwell Automation will post $6.27 EPS for the current fiscal year.
ROK has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and an average price target of $113.45.
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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