Rockwell Automation, Inc. (NYSE:ROK) issued its earnings results on Wednesday. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12, Morningstar.com reports. Rockwell Automation had a return on equity of 39.71% and a net margin of 12.88%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $1.55 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. Rockwell Automation updated its FY17 guidance to $6.60-6.80 EPS.

Shares of Rockwell Automation (NYSE:ROK) traded down 0.40% during mid-day trading on Wednesday, hitting $162.44. The stock had a trading volume of 1,572,117 shares. Rockwell Automation has a 52-week low of $111.52 and a 52-week high of $167.97. The stock’s 50-day moving average price is $162.76 and its 200-day moving average price is $155.21. The firm has a market cap of $20.93 billion, a PE ratio of 27.11 and a beta of 1.17.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a yield of 1.86%. Rockwell Automation’s payout ratio is currently 50.75%.

A number of brokerages have issued reports on ROK. Barclays PLC raised their target price on Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Stifel Nicolaus raised their price target on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Wolfe Research began coverage on Rockwell Automation in a research report on Tuesday, July 11th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Rockwell Automation has a consensus rating of “Hold” and an average price target of $148.53.

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In related news, Director Betty C. Alewine sold 7,173 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $158.52, for a total value of $1,137,063.96. Following the completion of the transaction, the director now directly owns 20,584 shares in the company, valued at approximately $3,262,975.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Sujeet Chand sold 9,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $159.72, for a total transaction of $1,517,340.00. Following the completion of the transaction, the senior vice president now owns 46,873 shares of the company’s stock, valued at $7,486,555.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,605 shares of company stock worth $20,469,855. Insiders own 1.65% of the company’s stock.

A number of large investors have recently made changes to their positions in ROK. Elefante Mark B raised its stake in Rockwell Automation by 1.2% in the second quarter. Elefante Mark B now owns 2,630 shares of the industrial products company’s stock valued at $426,000 after buying an additional 30 shares during the period. Dempze Nancy E raised its stake in Rockwell Automation by 10.6% in the second quarter. Dempze Nancy E now owns 6,863 shares of the industrial products company’s stock valued at $1,111,000 after buying an additional 658 shares during the period. Gardiner Nancy B raised its stake in Rockwell Automation by 4.2% in the second quarter. Gardiner Nancy B now owns 7,404 shares of the industrial products company’s stock valued at $1,198,000 after buying an additional 300 shares during the period. Shell Asset Management Co. raised its stake in Rockwell Automation by 0.5% in the second quarter. Shell Asset Management Co. now owns 76,743 shares of the industrial products company’s stock valued at $12,429,000 after buying an additional 400 shares during the period. Finally, Fayerweather Charles raised its stake in Rockwell Automation by 2.5% in the second quarter. Fayerweather Charles now owns 7,273 shares of the industrial products company’s stock valued at $1,177,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 73.50% of the company’s stock.

About Rockwell Automation

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.

Earnings History for Rockwell Automation (NYSE:ROK)

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