Rockwell Automation, Inc. (NYSE:ROK) SVP Sells $118,454.16 in Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Tessa M. Myers sold 363 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $326.32, for a total transaction of $118,454.16. Following the sale, the senior vice president now owns 4,063 shares of the company’s stock, valued at $1,325,838.16. This represents a 8.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $325.06 on Thursday. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $328.90. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $275.52 and its 200 day simple moving average is $279.56. The firm has a market capitalization of $36.64 billion, a PE ratio of 40.48, a P/E/G ratio of 3.53 and a beta of 1.38.

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

Rockwell Automation Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ROK. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $265.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Citigroup upped their price target on shares of Rockwell Automation from $327.00 to $371.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Oppenheimer upped their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Finally, KeyCorp upped their price target on shares of Rockwell Automation from $275.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. One 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $316.21.

Institutional Investors Weigh In On Rockwell Automation

Several hedge funds have recently modified their holdings of ROK. Citizens National Bank Trust Department acquired a new stake in shares of Rockwell Automation in the first quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Rockwell Automation during the first quarter worth approximately $31,000. IMA Advisory Services Inc. acquired a new stake in shares of Rockwell Automation during the first quarter worth approximately $32,000. Bank of Jackson Hole Trust acquired a new stake in shares of Rockwell Automation during the fourth quarter worth approximately $34,000. Finally, Cooksen Wealth LLC acquired a new stake in shares of Rockwell Automation during the first quarter worth approximately $34,000. 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.