Rockwell Automation, Inc. (NYSE:ROK) SVP Matheus De A. G. Viera Bulho Sells 250 Shares of Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Matheus De A. G. Viera Bulho sold 250 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.33, for a total transaction of $81,582.50. Following the sale, the senior vice president now directly owns 1,509 shares of the company’s stock, valued at approximately $492,431.97. This trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Rockwell Automation Trading Up 0.3%

Rockwell Automation stock opened at $325.27 on Wednesday. The firm has a 50 day simple moving average of $273.56 and a 200-day simple moving average of $279.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The stock has a market capitalization of $36.66 billion, a PE ratio of 40.51, a price-to-earnings-growth ratio of 3.53 and a beta of 1.38. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $328.90.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.36. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm posted $2.50 earnings per share. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, May 19th. Rockwell Automation’s dividend payout ratio is presently 65.99%.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of recent analyst reports. Loop Capital boosted their price objective on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a “hold” rating in a report on Thursday, May 15th. KeyCorp upped their target price on shares of Rockwell Automation from $275.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. BNP Paribas upgraded shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Wells Fargo & Company upped their target price on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $316.21.

Institutional Trading of Rockwell Automation

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROK. Brighton Jones LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $281,000. Apollon Wealth Management LLC lifted its position in Rockwell Automation by 17.4% in the 4th quarter. Apollon Wealth Management LLC now owns 3,613 shares of the industrial products company’s stock worth $1,032,000 after buying an additional 535 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in Rockwell Automation by 9.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,893 shares of the industrial products company’s stock worth $541,000 after buying an additional 163 shares in the last quarter. Stephens Inc. AR lifted its position in Rockwell Automation by 2.1% in the 4th quarter. Stephens Inc. AR now owns 25,473 shares of the industrial products company’s stock worth $7,280,000 after buying an additional 530 shares in the last quarter. Finally, Savant Capital LLC lifted its position in Rockwell Automation by 119.7% in the 4th quarter. Savant Capital LLC now owns 6,631 shares of the industrial products company’s stock worth $1,895,000 after buying an additional 3,613 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.