Rockwell Automation, Inc. (NYSE:ROK) insider Elik I. Fooks sold 3,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $165.36, for a total transaction of $496,080.00. Following the completion of the transaction, the insider now directly owns 10,799 shares of the company’s stock, valued at $1,785,722.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Rockwell Automation, Inc. (NYSE ROK) opened at 165.82 on Tuesday. Rockwell Automation, Inc. has a 1-year low of $111.52 and a 1-year high of $167.97. The company’s 50 day moving average is $163.36 and its 200-day moving average is $156.26. The company has a market capitalization of $21.54 billion, a P/E ratio of 26.74 and a beta of 1.17.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $1.55 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Rockwell Automation, Inc. will post $6.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.04 annualized dividend and a yield of 1.83%. Rockwell Automation’s dividend payout ratio is presently 49.03%.

ILLEGAL ACTIVITY WARNING: “Rockwell Automation, Inc. (ROK) Insider Elik I. Fooks Sells 3,000 Shares” was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/08/rockwell-automation-inc-rok-insider-elik-i-fooks-sells-3000-shares.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Keel Point LLC raised its position in Rockwell Automation by 0.3% in the first quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock valued at $268,000 after buying an additional 5 shares during the last quarter. CWM LLC raised its position in Rockwell Automation by 0.3% in the second quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock valued at $344,000 after buying an additional 6 shares during the last quarter. Sfmg LLC raised its position in Rockwell Automation by 0.4% in the first quarter. Sfmg LLC now owns 1,788 shares of the industrial products company’s stock valued at $278,000 after buying an additional 7 shares during the last quarter. WealthTrust Fairport LLC raised its position in Rockwell Automation by 0.5% in the first quarter. WealthTrust Fairport LLC now owns 1,669 shares of the industrial products company’s stock valued at $260,000 after buying an additional 8 shares during the last quarter. Finally, Advisor Partners LLC raised its position in Rockwell Automation by 0.3% in the second quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock valued at $416,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 73.38% of the company’s stock.

A number of equities analysts have weighed in on ROK shares. Cowen and Company boosted their target price on shares of Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, July 6th. Credit Suisse Group reaffirmed a “hold” rating and issued a $155.00 target price on shares of Rockwell Automation in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a research note on Friday, July 28th. Stifel Nicolaus boosted their target price on shares of Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Gabelli raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $152.33.

Rockwell Automation Company Profile

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.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.