Blake D. Moret Sells 5,677 Shares of Rockwell Automation, Inc. (ROK) Stock
Rockwell Automation, Inc. (NYSE:ROK) insider Blake D. Moret sold 5,677 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total value of $965,657.70. Following the sale, the insider now directly owns 21,426 shares in the company, valued at $3,644,562.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up 1.38% during trading on Thursday, hitting $172.23. 576,601 shares of the company were exchanged. Rockwell Automation, Inc. has a 12 month low of $113.27 and a 12 month high of $172.24. The stock has a market cap of $22.11 billion, a P/E ratio of 27.77 and a beta of 1.16. The company’s 50-day moving average price is $163.43 and its 200 day moving average price is $159.31.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results 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. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $1.55 EPS. On average, equities analysts predict that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.
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ROK has been the topic of a number of analyst reports. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Cowen and Company raised their target price on Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, July 6th. Wolfe Research assumed coverage on Rockwell Automation in a research report on Tuesday, July 11th. They set a “peer perform” rating on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $167.00 price objective on shares of Rockwell Automation in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $152.27.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. acquired a new position in Rockwell Automation during the 2nd quarter worth $453,000. United Bank VA grew its holdings in Rockwell Automation by 0.6% during the 2nd quarter. United Bank VA now owns 12,539 shares of the industrial products company’s stock worth $2,031,000 after acquiring an additional 72 shares in the last quarter. Hall Laurie J Trustee grew its holdings in Rockwell Automation by 4.9% during the 2nd quarter. Hall Laurie J Trustee now owns 2,375 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 110 shares in the last quarter. Toronto Dominion Bank grew its holdings in Rockwell Automation by 38.4% during the 2nd quarter. Toronto Dominion Bank now owns 48,242 shares of the industrial products company’s stock worth $7,812,000 after acquiring an additional 13,394 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in Rockwell Automation during the 2nd quarter worth $511,000. 73.66% 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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