Rockwell Automation, Inc. (ROK) Director Sells $45,716.00 in Stock

Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley sold 275 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $166.24, for a total value of $45,716.00. Following the sale, the director now directly owns 5,421 shares in the company, valued at $901,187.04. The transaction was disclosed in a filing with the SEC, which is available at this link.

Rockwell Automation, Inc. (ROK) traded up $1.67 during trading hours on Thursday, hitting $192.26. The company had a trading volume of 720,526 shares, compared to its average volume of 879,440. The firm has a market cap of $24,117.42, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.11 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, Inc. has a fifty-two week low of $133.61 and a fifty-two week high of $210.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. Rockwell Automation’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. analysts anticipate that Rockwell Automation, Inc. will post 7.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.74%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, November 10th. Rockwell Automation’s payout ratio is presently 52.68%.

Several equities research analysts recently issued reports on ROK shares. Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Credit Suisse Group dropped their price target on Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 23rd. ValuEngine raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Cowen reaffirmed a “hold” rating and issued a $140.00 target price on shares of Rockwell Automation in a research report on Sunday, September 17th. Finally, Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $165.00.

Large investors have recently bought and sold shares of the business. Acrospire Investment Management LLC grew its stake in Rockwell Automation by 166.3% in the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 499 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Rockwell Automation in the third quarter valued at about $131,000. Rockefeller Financial Services Inc. bought a new stake in shares of Rockwell Automation in the third quarter valued at about $143,000. Sun Life Financial INC lifted its holdings in shares of Rockwell Automation by 8,490.9% in the second 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. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Rockwell Automation in the third quarter valued at about $186,000. 73.04% of the stock is 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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