Rockwell Automation, Inc. (ROK) VP Sells $495,150.00 in Stock
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.
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