Rockwell Automation (NYSE:ROK) VP David M. Dorgan sold 10,400 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $202.41, for a total transaction of $2,105,064.00. Following the transaction, the vice president now owns 12,853 shares of the company’s stock, valued at $2,601,575.73. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Rockwell Automation (NYSE:ROK) traded down $3.23 during mid-day trading on Monday, hitting $199.78. 664,950 shares of the stock were exchanged, compared to its average volume of 707,896. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.67 and a current ratio of 3.07. The company has a market cap of $25,670.00, a PE ratio of 42.51, a price-to-earnings-growth ratio of 2.29 and a beta of 1.23. Rockwell Automation has a 12 month low of $146.37 and a 12 month high of $210.72.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.22. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 EPS. research analysts anticipate that Rockwell Automation will post 7.79 EPS for the current fiscal year.
ROK has been the subject of a number of recent research reports. Credit Suisse Group restated a “neutral” rating and set a $174.00 price objective (up from $154.00) on shares of Rockwell Automation in a research note on Wednesday, October 11th. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. JPMorgan Chase & Co. started coverage on shares of Rockwell Automation in a report on Wednesday, November 29th. They issued a “neutral” rating on the stock. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $182.57.
A number of institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its holdings in Rockwell Automation by 47.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock valued at $277,788,000 after acquiring an additional 499,745 shares during the period. Wells Fargo & Company MN raised its holdings in Rockwell Automation by 12.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after acquiring an additional 171,598 shares during the period. JPMorgan Chase & Co. raised its holdings in Rockwell Automation by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,490,499 shares of the industrial products company’s stock valued at $264,220,000 after acquiring an additional 31,314 shares during the period. Pictet Asset Management Ltd. raised its holdings in Rockwell Automation by 22.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 859,437 shares of the industrial products company’s stock valued at $153,160,000 after acquiring an additional 156,395 shares during the period. Finally, Legal & General Group Plc raised its holdings in Rockwell Automation by 0.3% in the 3rd quarter. Legal & General Group Plc now owns 691,689 shares of the industrial products company’s stock valued at $123,267,000 after acquiring an additional 2,163 shares during the period. 72.90% of the stock is currently owned by hedge funds and other institutional investors.
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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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