Rockwell Automation, Inc. (NYSE:ROK) VP David M. Dorgan sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the vice president now owns 9,355 shares in the company, valued at approximately $1,544,042.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Rockwell Automation, Inc. (ROK) traded down 0.80% during midday trading on Thursday, reaching $162.71. The company had a trading volume of 179,733 shares. The company has a 50-day moving average price of $164.29 and a 200 day moving average price of $157.68. The company has a market capitalization of $20.89 billion, a P/E ratio of 26.24 and a beta of 1.17. Rockwell Automation, Inc. has a one year low of $111.52 and a one year high of $167.97.

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, beating the Zacks’ consensus estimate 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 analyst estimates of $1.58 billion. During the same quarter last year, the company earned $1.55 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts anticipate that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors 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 1.85%. 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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Several analysts recently weighed in on ROK shares. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Barclays PLC raised their price objective on Rockwell Automation from $166.00 to $167.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Credit Suisse Group reaffirmed a “hold” rating and issued a $155.00 price objective on shares of Rockwell Automation in a research note on Thursday, April 27th. Stifel Nicolaus lifted their price target on Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Morgan Stanley lifted their price target on Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $152.33.

Hedge funds have recently bought and sold shares of the company. Jacobus Wealth Management Inc. acquired a new stake in Rockwell Automation during the first quarter worth approximately $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in 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 worth $112,000 after buying an additional 680 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Rockwell Automation by 166.3% in the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares during the last quarter. Sun Life Financial INC raised its stake in Rockwell Automation by 8,490.9% in the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after buying an additional 934 shares during the last quarter. Finally, Clarkston Capital Partners LLC acquired a new stake in Rockwell Automation during the second quarter worth approximately $206,000. 73.38% of the stock is owned by institutional investors and hedge funds.

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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