Rockwell Automation Inc. (NYSE:ROK) was down 3.5% during trading on Wednesday . The company traded as low as $116.29 and last traded at $116.44, with a volume of 574,722 shares changing hands. The stock had previously closed at $120.64.

A number of equities research analysts recently commented on ROK shares. Zacks Investment Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Ladenburg Thalmann lowered Rockwell Automation from a “buy” rating to a “neutral” rating in a research report on Thursday, April 28th. Morgan Stanley upped their target price on Rockwell Automation from $91.00 to $101.00 in a research report on Thursday, April 7th. FBR & Co started coverage on Rockwell Automation in a research report on Wednesday, May 11th. They issued an “outperform” rating and a $105.00 target price on the stock. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Rockwell Automation in a research report on Wednesday, June 22nd. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $106.49.

The company has a market capitalization of $15.23 billion and a P/E ratio of 20.54. The stock’s 50 day moving average is $116.55 and its 200 day moving average is $109.76.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, July 27th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.08. During the same quarter last year, the business posted $1.59 earnings per share. The company earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Rockwell Automation Inc. will post $5.91 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Monday, August 15th will be paid a $0.725 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.90 annualized dividend and a dividend yield of 2.48%.

In other Rockwell Automation news, VP Douglas M. Hagerman sold 300 shares of Rockwell Automation stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $119.75, for a total value of $35,925.00. Following the transaction, the vice president now directly owns 40,227 shares in the company, valued at approximately $4,817,183.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald R. Parfet sold 4,674 shares of Rockwell Automation stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $111.08, for a total value of $519,187.92. Following the completion of the transaction, the director now owns 8,854 shares in the company, valued at $983,502.32. The disclosure for this sale can be found here.

Several hedge funds have bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its stake in Rockwell Automation by 433.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 30,615 shares of the company’s stock valued at $3,141,000 after buying an additional 24,877 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in Rockwell Automation by 9.6% in the fourth quarter. Catalyst Capital Advisors LLC now owns 49,674 shares of the company’s stock valued at $5,097,000 after buying an additional 4,352 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Rockwell Automation by 38.1% in the fourth quarter. Advisors Asset Management Inc. now owns 82,532 shares of the company’s stock valued at $8,469,000 after buying an additional 22,774 shares in the last quarter. Baker Chad R acquired a new stake in Rockwell Automation during the fourth quarter valued at approximately $4,189,000. Finally, Advantus Capital Management Inc boosted its stake in Rockwell Automation by 0.5% in the fourth quarter. Advantus Capital Management Inc now owns 12,774 shares of the company’s stock valued at $1,311,000 after buying an additional 65 shares in the last quarter.

Rockwell Automation, Inc (Rockwell Automation), is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software, which deals in hardware, software and communication components of the organization, and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products, application expertise and project management capabilities.

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