Elik I. Fooks Sells 3,000 Shares of Rockwell Automation, Inc. (ROK) Stock
Rockwell Automation, Inc. (NYSE:ROK) insider Elik I. Fooks sold 3,000 shares of Rockwell Automation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $165.36, for a total value of $496,080.00. Following the completion of the transaction, the insider now directly owns 10,799 shares of the company’s stock, valued at approximately $1,785,722.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Rockwell Automation, Inc. (ROK) traded up 0.52% during trading on Monday, reaching $165.76. The company’s stock had a trading volume of 272,822 shares. The firm’s 50-day moving average is $163.36 and its 200-day moving average is $156.26. The stock has a market capitalization of $21.53 billion, a PE ratio of 26.73 and a beta of 1.17. Rockwell Automation, Inc. has a 12-month low of $111.52 and a 12-month high of $167.97.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business posted $1.55 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities analysts expect that Rockwell Automation, Inc. will post $6.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 49.03%.
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ROK has been the subject of several recent analyst reports. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Cowen and Company lifted their price target on Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, July 6th. Barclays PLC lifted their price target on Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Morgan Stanley lifted their price target on Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a research report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $152.33.
Large investors have recently added to or reduced their stakes in the stock. Jacobus Wealth Management Inc. bought a new stake in shares of Rockwell Automation during the first quarter valued at about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares during the period. Clarkston Capital Partners LLC bought a new stake in shares of Rockwell Automation during the second quarter valued at about $206,000. Appleton Group LLC bought a new stake in shares of Rockwell Automation during the first quarter valued at about $213,000. Finally, Hunter Associates Investment Management LLC bought a new stake in shares of Rockwell Automation during the first quarter valued at about $215,000. Institutional investors own 73.38% 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.
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