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%.

COPYRIGHT VIOLATION WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/08/07/elik-i-fooks-sells-3000-shares-of-rockwell-automation-inc-rok-stock.html.

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.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.