Shares of Rockwell Automation Inc. (NYSE:ROK) gapped up before the market opened on Monday . The stock had previously closed at $116.75, but opened at $117.14. Rockwell Automation shares last traded at $118.07, with a volume of 299,208 shares changing hands.

ROK has been the subject of a number of analyst reports. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Rockwell Automation in a research note on Monday, June 27th. Citigroup Inc. reaffirmed a “hold” rating and set a $120.00 price objective (up from $95.00) on shares of Rockwell Automation in a research note on Tuesday, April 19th. FBR & Co initiated coverage on shares of Rockwell Automation in a research note on Wednesday, May 11th. They set an “outperform” rating and a $105.00 price objective for the company. Zacks Investment Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. Finally, Gabelli lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. 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 stock. Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $106.25.

The stock has a 50 day moving average of $116.20 and a 200 day moving average of $111.11. The company has a market cap of $15.27 billion and a price-to-earnings ratio of 20.99.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.09. During the same quarter last year, the firm earned $1.59 EPS. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Analysts expect that Rockwell Automation Inc. will post $5.90 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Monday, August 15th will be issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, August 11th.

In other news, VP Douglas M. Hagerman sold 6,700 shares of Rockwell Automation stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $119.34, for a total transaction of $799,578.00. Following the transaction, the vice president now owns 40,227 shares in the company, valued at approximately $4,800,690.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Douglas M. Hagerman sold 300 shares of Rockwell Automation stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $119.75, for a total value of $35,925.00. Following the transaction, the vice president now owns 40,227 shares in the company, valued at approximately $4,817,183.25. The disclosure for this sale can be found here.

A number of large investors have recently added to or reduced their stakes in ROK. 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 during 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 during 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 during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Rockwell Automation by 6.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 17,771 shares of the company’s stock valued at $1,823,000 after buying an additional 1,037 shares during the last quarter. Finally, Royce & Associates LLC boosted its stake in Rockwell Automation by 1.2% in the fourth quarter. Royce & Associates LLC now owns 33,200 shares of the company’s stock valued at $3,407,000 after buying an additional 400 shares during 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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