Rockwell Automation, Inc. (ROK) Director Acquires $39,000.00 in Stock
Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley acquired 375 shares of the firm’s stock in a transaction that occurred on Sunday, November 12th. The stock was purchased at an average price of $104.00 per share, with a total value of $39,000.00. Following the completion of the acquisition, the director now directly owns 5,421 shares of the company’s stock, valued at $563,784. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up $0.32 during mid-day trading on Monday, hitting $190.78. The stock had a trading volume of 1,327,063 shares, compared to its average volume of 877,063. Rockwell Automation, Inc. has a 1-year low of $133.61 and a 1-year high of $210.72. The stock has a market capitalization of $24,474.66, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. Rockwell Automation’s revenue was up 8.4% on a year-over-year basis. equities analysts expect that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.
A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. J P Morgan Chase & Co assumed coverage on shares of Rockwell Automation in a report on Wednesday, November 29th. They issued a “neutral” rating for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $173.00 target price (up from $168.00) on shares of Rockwell Automation in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 target price for the company in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $165.00.
Several hedge funds have recently modified their holdings of ROK. Janney Montgomery Scott LLC grew its stake in shares of Rockwell Automation by 191.9% during the second quarter. Janney Montgomery Scott LLC now owns 10,067 shares of the industrial products company’s stock worth $1,630,000 after acquiring an additional 6,618 shares during the last quarter. CIBC Asset Management Inc boosted its position in Rockwell Automation by 0.9% in the second quarter. CIBC Asset Management Inc now owns 12,836 shares of the industrial products company’s stock valued at $2,079,000 after buying an additional 119 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Rockwell Automation by 15.9% in the second quarter. Daiwa Securities Group Inc. now owns 67,700 shares of the industrial products company’s stock valued at $10,965,000 after buying an additional 9,300 shares during the last quarter. Telemus Capital LLC purchased a new stake in Rockwell Automation in the second quarter valued at approximately $259,000. Finally, IFP Advisors Inc boosted its position in Rockwell Automation by 7.8% in the second quarter. IFP Advisors Inc now owns 6,862 shares of the industrial products company’s stock valued at $1,111,000 after buying an additional 494 shares during the last quarter. Institutional investors and hedge funds own 73.04% 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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