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.
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