Frank C. Kulaszewicz Sells 4,000 Shares of Rockwell Automation (ROK) Stock
Rockwell Automation (NYSE:ROK) SVP Frank C. Kulaszewicz sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $158.71, for a total transaction of $634,840.00. Following the completion of the sale, the senior vice president now directly owns 29,195 shares of the company’s stock, valued at $4,633,538.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Rockwell Automation (NYSE:ROK) traded up 0.79% during trading on Thursday, reaching $159.26. The company had a trading volume of 1,213,293 shares. Rockwell Automation has a 52-week low of $107.17 and a 52-week high of $165.00. The company has a market capitalization of $20.52 billion, a PE ratio of 26.58 and a beta of 1.07. The company has a 50 day moving average price of $155.59 and a 200 day moving average price of $146.77.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, April 26th. The industrial products company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.15. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Rockwell Automation had a return on equity of 38.57% and a net margin of 12.77%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. On average, equities analysts forecast that Rockwell Automation will post $6.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Monday, May 15th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, May 11th. Rockwell Automation’s dividend payout ratio is currently 52.23%.
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Several large investors have recently made changes to their positions in ROK. Two Sigma Advisers LP boosted its stake in shares of Rockwell Automation by 50.3% in the third quarter. Two Sigma Advisers LP now owns 88,783 shares of the industrial products company’s stock worth $10,862,000 after buying an additional 29,700 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in shares of Rockwell Automation by 0.8% in the third quarter. Douglass Winthrop Advisors LLC now owns 26,102 shares of the industrial products company’s stock worth $3,193,000 after buying an additional 200 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Rockwell Automation by 23.5% in the third quarter. HighTower Advisors LLC now owns 12,249 shares of the industrial products company’s stock worth $1,499,000 after buying an additional 2,330 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Rockwell Automation by 2.6% in the third quarter. Profund Advisors LLC now owns 3,887 shares of the industrial products company’s stock worth $476,000 after buying an additional 97 shares in the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of Rockwell Automation during the third quarter worth about $200,000. Institutional investors own 72.56% of the company’s stock.
A number of brokerages have weighed in on ROK. Berenberg Bank reissued a “sell” rating and issued a $125.00 price target on shares of Rockwell Automation in a report on Wednesday, February 22nd. Barclays PLC upped their price target on shares of Rockwell Automation from $166.00 to $167.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Gabelli raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Stifel Nicolaus upped their price objective on shares of Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research note on Friday, January 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Rockwell Automation has an average rating of “Hold” and an average price target of $141.50.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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