Rockwell Automation, Inc. (NYSE:ROK) insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the sale, the insider now owns 22,849 shares in the company, valued at $3,885,700.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Rockwell Automation, Inc. (NYSE ROK) traded up 0.497% during trading on Friday, reaching $173.005. 519,662 shares of the company traded hands. The company has a 50-day moving average of $163.89 and a 200-day moving average of $159.47. Rockwell Automation, Inc. has a 12 month low of $113.27 and a 12 month high of $174.18. The stock has a market capitalization of $22.21 billion, a PE ratio of 27.900 and a beta of 1.16.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.55 earnings per share. Analysts forecast that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/09/15/rockwell-automation-inc-rok-insider-sells-293013-38-in-stock.html.

A number of research firms have recently commented on ROK. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Wolfe Research began coverage on shares of Rockwell Automation in a report on Tuesday, July 11th. They set a “peer perform” rating for the company. BidaskClub downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $152.27.

A number of institutional investors have recently made changes to their positions in the business. Frontier Investment Mgmt Co. acquired a new stake in Rockwell Automation during the second quarter worth about $620,000. Griffin Asset Management Inc. acquired a new stake in Rockwell Automation during the second quarter worth about $453,000. United Bank VA grew its stake in Rockwell Automation by 0.6% during the second quarter. United Bank VA now owns 12,539 shares of the industrial products company’s stock worth $2,031,000 after buying an additional 72 shares in the last quarter. Hall Laurie J Trustee grew its stake in Rockwell Automation by 4.9% during the second quarter. Hall Laurie J Trustee now owns 2,375 shares of the industrial products company’s stock worth $385,000 after buying an additional 110 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in Rockwell Automation by 38.4% during the second quarter. Toronto Dominion Bank now owns 48,242 shares of the industrial products company’s stock worth $7,812,000 after buying an additional 13,394 shares in the last quarter. Hedge funds and other institutional investors own 73.66% 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.