Rockwell Automation (NYSE:ROK) insider John P. Mcdermott sold 1,950 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $187.08, for a total transaction of $364,806.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Rockwell Automation (NYSE ROK) traded down $1.21 during trading hours on Tuesday, reaching $184.35. 423,865 shares of the company were exchanged, compared to its average volume of 895,321. The stock has a market cap of $23,711.60, a PE ratio of 65.13, a PEG ratio of 2.09 and a beta of 1.17. Rockwell Automation has a one year low of $148.31 and a one year high of $210.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.22. The company 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 firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 EPS. equities research analysts predict that Rockwell Automation will post 7.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, February 16th. Rockwell Automation’s payout ratio is presently 117.19%.
Rockwell Automation declared that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Several research firms have recently weighed in on ROK. UBS Group began coverage on shares of Rockwell Automation in a research report on Monday, January 22nd. They set a “buy” rating on the stock. cut shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Morgan Stanley raised their price objective on shares of Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Wells Fargo & Co raised their price objective on shares of Rockwell Automation from $190.00 to $200.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Citigroup lowered their price objective on shares of Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $185.00.
A number of large investors have recently modified their holdings of ROK. BlackRock Inc. grew its holdings in Rockwell Automation by 0.5% in the 4th quarter. BlackRock Inc. now owns 9,791,784 shares of the industrial products company’s stock worth $1,922,619,000 after acquiring an additional 49,561 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Rockwell Automation by 5.7% in the 4th quarter. Lazard Asset Management LLC now owns 2,629,619 shares of the industrial products company’s stock worth $516,325,000 after acquiring an additional 141,253 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Rockwell Automation by 5.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,592,947 shares of the industrial products company’s stock worth $312,776,000 after acquiring an additional 83,477 shares during the last quarter. Ameriprise Financial Inc. grew 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 worth $277,788,000 after acquiring an additional 499,745 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Rockwell Automation by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 1,534,506 shares of the industrial products company’s stock worth $300,749,000 after acquiring an additional 30,246 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.
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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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