Rockwell Automation, Inc. (NYSE:ROK) SVP Sells $179,796.81 in Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Christopher Nardecchia sold 551 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.31, for a total value of $179,796.81. Following the sale, the senior vice president now directly owns 12,711 shares in the company, valued at $4,147,726.41. This trade represents a 4.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rockwell Automation Stock Performance

NYSE ROK opened at $325.27 on Wednesday. The stock has a 50-day simple moving average of $273.56 and a two-hundred day simple moving average of $279.24. The firm has a market capitalization of $36.66 billion, a P/E ratio of 40.51, a PEG ratio of 3.53 and a beta of 1.38. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $328.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

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

Rockwell Automation Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ROK. TD Cowen raised Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price objective for the company in a research report on Friday, May 9th. KeyCorp raised their price objective on Rockwell Automation from $275.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Citigroup raised their price objective on Rockwell Automation from $327.00 to $371.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Robert W. Baird raised their price objective on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley raised their price objective on Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Rockwell Automation has a consensus rating of “Moderate Buy” and a consensus target price of $316.21.

Hedge Funds Weigh In On Rockwell Automation

A number of large investors have recently bought and sold shares of ROK. Norges Bank acquired a new position in Rockwell Automation in the 4th quarter worth about $284,177,000. GAMMA Investing LLC raised its holdings in Rockwell Automation by 29,844.4% in the 1st quarter. GAMMA Investing LLC now owns 702,794 shares of the industrial products company’s stock worth $181,588,000 after purchasing an additional 700,447 shares during the period. Wellington Management Group LLP raised its holdings in Rockwell Automation by 85,513.1% in the 4th quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company’s stock worth $193,047,000 after purchasing an additional 674,698 shares during the period. Alliancebernstein L.P. raised its holdings in Rockwell Automation by 102.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company’s stock worth $368,021,000 after purchasing an additional 651,116 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Rockwell Automation by 6.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock worth $2,033,476,000 after purchasing an additional 432,934 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Company Profile

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.