Insider Selling: Rockwell Automation, Inc. (ROK) SVP Sells $1,452,576.00 in Stock
Rockwell Automation, Inc. (NYSE:ROK) SVP Sujeet Chand sold 9,600 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $151.31, for a total transaction of $1,452,576.00. Following the completion of the transaction, the senior vice president now directly owns 49,473 shares of the company’s stock, valued at approximately $7,485,759.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at 151.88 on Friday. Rockwell Automation, Inc. has a 12 month low of $99.67 and a 12 month high of $155.44. The firm has a market cap of $19.53 billion, a price-to-earnings ratio of 26.15 and a beta of 1.07. The stock has a 50 day moving average of $144.82 and a 200 day moving average of $128.35.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, January 25th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.30. The business earned $1.49 billion during the quarter, compared to the consensus estimate of $1.42 billion. Rockwell Automation had a net margin of 12.77% and a return on equity of 38.57%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 EPS. On average, equities research analysts expect that Rockwell Automation, Inc. will post $6.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Tuesday, February 21st will be given a $0.76 dividend. The ex-dividend date is Thursday, February 16th. This represents a $3.04 annualized dividend and a yield of 2.00%. Rockwell Automation’s dividend payout ratio (DPR) is 52.23%.
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Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in Rockwell Automation by 33.9% in the third quarter. Bank of Montreal Can now owns 352,527 shares of the company’s stock valued at $43,129,000 after buying an additional 89,336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Rockwell Automation by 92.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 271,450 shares of the company’s stock valued at $31,168,000 after buying an additional 130,546 shares during the period. Aberdeen Asset Management PLC UK increased its stake in Rockwell Automation by 2.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 391,884 shares of the company’s stock valued at $44,996,000 after buying an additional 8,907 shares during the period. Wells Fargo & Company MN increased its stake in Rockwell Automation by 4.6% in the third quarter. Wells Fargo & Company MN now owns 1,061,980 shares of the company’s stock valued at $129,923,000 after buying an additional 46,545 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Rockwell Automation during the third quarter valued at approximately $25,571,000. Hedge funds and other institutional investors own 72.56% of the company’s stock.
ROK has been the subject of a number of research analyst reports. Gabelli cut shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $150.00 price target for the company. in a report on Friday, January 27th. Morgan Stanley raised shares of Rockwell Automation from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $136.00 to $145.00 in a report on Monday, January 9th. Barclays PLC increased their price objective on shares of Rockwell Automation from $144.00 to $166.00 and gave the stock an “overweight” rating in a research note on Thursday, January 26th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research note on Wednesday, January 25th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $120.00 price objective (up previously from $102.00) on shares of Rockwell Automation in a research note on Tuesday, December 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $130.36.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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