Insider Selling: Theodore D. Crandall Sells 22,067 Shares of Rockwell Automation Stock (ROK)
Rockwell Automation (NYSE:ROK) CFO Theodore D. Crandall sold 22,067 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $122.33, for a total transaction of $2,699,456.11. Following the transaction, the chief financial officer now directly owns 109,108 shares in the company, valued at approximately $13,347,182. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Rockwell Automation (NYSE:ROK) traded down 0.94% on Wednesday, hitting $121.14. The stock had a trading volume of 407,832 shares. Rockwell Automation has a 52 week low of $80.60 and a 52 week high of $128.46. The stock’s 50-day moving average is $121.7 and its 200-day moving average is $118.2. The company has a market cap of $16.771 billion and a P/E ratio of 21.52.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, April 29th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Rockwell Automation will post $6.20 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Bank of America initiated coverage on shares of Rockwell Automation in a research note on Friday, May 16th. They set a “buy” rating and a $140.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note on Thursday, May 1st. They now have a $125.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rockwell Automation in a research note on Wednesday, April 30th. They now have a $141.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $118.33.
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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