Rockwell Automation Sees Unusually Large Options Volume (ROK)
Rockwell Automation, Inc. (NYSE:ROK) was the target of unusually large options trading on Wednesday. Stock traders purchased 2,990 call options on the company. This is an increase of approximately Infinity compared to the typical daily volume of 0 call options.
Rockwell Automation (NYSE:ROK) opened at $198.38 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.03 and a quick ratio of 1.76. The firm has a market cap of $25.57 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 dividend on an annualized basis and a yield of 1.68%. Rockwell Automation’s payout ratio is 49.03%.
In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 8,000 shares of Rockwell Automation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $165.74, for a total value of $1,325,920.00. Following the sale, the senior vice president now owns 33,195 shares of the company’s stock, valued at approximately $5,501,739.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of Rockwell Automation stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the sale, the insider now directly owns 22,849 shares in the company, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,400 shares of company stock worth $3,079,741. Corporate insiders own 1.65% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Acrospire Investment Management LLC raised its position in Rockwell Automation by 166.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 499 shares in the last quarter. Rockefeller Financial Services Inc. bought a new stake in Rockwell Automation during the 3rd quarter valued at $143,000. Sun Life Financial INC raised its position in Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 934 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Rockwell Automation during the 3rd quarter valued at $186,000. Finally, Foundry Partners LLC bought a new stake in Rockwell Automation during the 3rd quarter valued at $200,000. 73.61% of the stock is owned by institutional investors and hedge funds.
ROK has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $167.00 target price on shares of Rockwell Automation in a report on Wednesday, July 19th. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Citigroup Inc reiterated a “neutral” rating and issued a $187.00 target price (up previously from $175.00) on shares of Rockwell Automation in a report on Monday, October 9th. Credit Suisse Group dropped their target price on Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating for the company in a report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 target price for the company in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $164.07.
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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