Rockwell Automation, Inc. (ROK) Insider Sells $293,013.38 in Stock
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.
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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.
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