Rockwell Automation, Inc. (NYSE:ROK) SVP Sujeet Chand sold 9,500 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $165.13, for a total transaction of $1,568,735.00. Following the completion of the transaction, the senior vice president now directly owns 41,273 shares in the company, valued at $6,815,410.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sujeet Chand also recently made the following trade(s):

  • On Wednesday, May 31st, Sujeet Chand sold 9,500 shares of Rockwell Automation stock. The shares were sold at an average price of $159.72, for a total transaction of $1,517,340.00.

Shares of Rockwell Automation, Inc. (ROK) traded up 0.52% during midday trading on Monday, hitting $165.76. 272,822 shares of the company traded hands. The stock has a 50 day moving average of $163.36 and a 200-day moving average of $156.26. Rockwell Automation, Inc. has a 52 week low of $111.52 and a 52 week high of $167.97. The stock has a market capitalization of $21.53 billion, a PE ratio of 26.73 and a beta of 1.17.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. Rockwell Automation’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.55 earnings per share. Equities analysts forecast that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal 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 given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s payout ratio is currently 49.03%.

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A number of hedge funds and other institutional investors have recently modified their holdings of ROK. BlackRock Inc. boosted its position in Rockwell Automation by 3,186.3% in the first quarter. BlackRock Inc. now owns 9,018,663 shares of the industrial products company’s stock valued at $1,404,295,000 after buying an additional 8,744,232 shares during the last quarter. Vanguard Group Inc. boosted its position in Rockwell Automation by 3.3% in the first quarter. Vanguard Group Inc. now owns 8,501,207 shares of the industrial products company’s stock valued at $1,323,724,000 after buying an additional 270,023 shares during the last quarter. State Street Corp boosted its position in Rockwell Automation by 1.3% in the first quarter. State Street Corp now owns 5,749,538 shares of the industrial products company’s stock valued at $895,260,000 after buying an additional 76,191 shares during the last quarter. Geode Capital Management LLC boosted its position in Rockwell Automation by 11.4% in the first quarter. Geode Capital Management LLC now owns 1,406,332 shares of the industrial products company’s stock valued at $218,703,000 after buying an additional 143,507 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Rockwell Automation by 231.2% in the first quarter. JPMorgan Chase & Co. now owns 1,377,769 shares of the industrial products company’s stock valued at $214,532,000 after buying an additional 961,760 shares during the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.

Several equities analysts have commented on ROK shares. Gabelli raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Barclays PLC raised their target price 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. Credit Suisse Group reissued a “hold” rating and issued a $155.00 target price on shares of Rockwell Automation in a report on Thursday, April 27th. Stifel Nicolaus raised their target price on shares of Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Morgan Stanley raised their target price on shares of Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Two research 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $152.33.

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.

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

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