Insider Selling: William T. Jr/Wi Mccormick Unloads 1,500 Shares of Rockwell Automation Stock (ROK)
Rockwell Automation (NYSE:ROK) Director William T. Jr/Wi Mccormick sold 1,500 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $115.62, for a total transaction of $173,430.00. Following the completion of the sale, the director now directly owns 11,032 shares in the company, valued at approximately $1,275,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Rockwell Automation (NYSE:ROK) opened at 117.46 on Thursday. Rockwell Automation has a 52 week low of $96.77 and a 52 week high of $128.57. The stock’s 50-day moving average is $118.8 and its 200-day moving average is $121.1. The company has a market cap of $16.194 billion and a price-to-earnings ratio of 20.58.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.49 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.57 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company posted $1.54 earnings per share. Rockwell Automation’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that Rockwell Automation will post $6.13 EPS for the current fiscal year.
A number of research firms have recently commented on ROK. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rockwell Automation in a research note on Tuesday, August 5th. They now have a $119.00 price target on the stock, down previously from $120.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note on Thursday, July 31st. They now have a $119.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Rockwell Automation in a research note on Wednesday, July 23rd. They now have a $84.00 price target on the stock, down previously from $88.00. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $118.70.
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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