David M. Dorgan Sells 10,400 Shares of Rockwell Automation (ROK) Stock

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.

Rockwell Automation declared that its board has authorized a stock buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

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