Frank C. Kulaszewicz Sells 8,000 Shares of Rockwell Automation, Inc. (ROK) Stock
Rockwell Automation, Inc. (NYSE:ROK) SVP Frank C. Kulaszewicz sold 8,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $165.74, for a total value of $1,325,920.00. Following the transaction, the senior vice president now owns 33,195 shares of the company’s stock, valued at $5,501,739.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Rockwell Automation, Inc. (NYSE ROK) traded up 0.16% during midday trading on Wednesday, reaching $165.86. The company’s stock had a trading volume of 141,208 shares. The stock has a market cap of $21.55 billion, a price-to-earnings ratio of 26.75 and a beta of 1.17. Rockwell Automation, Inc. has a 52-week low of $111.52 and a 52-week high of $167.97. The stock has a 50-day moving average price of $163.74 and a 200-day moving average price of $156.45.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. 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 business posted $1.55 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a yield of 1.84%. Rockwell Automation’s dividend payout ratio is 49.03%.
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A number of hedge funds have recently modified their holdings of the stock. Sabal Trust CO acquired a new stake in shares of Rockwell Automation during the first quarter valued at approximately $710,000. Columbus Circle Investors acquired a new stake in shares of Rockwell Automation during the first quarter valued at approximately $50,905,000. Nisa Investment Advisors LLC increased its stake in shares of Rockwell Automation by 17.9% in the first quarter. Nisa Investment Advisors LLC now owns 31,402 shares of the industrial products company’s stock valued at $4,890,000 after buying an additional 4,760 shares in the last quarter. Boston Advisors LLC increased its stake in shares of Rockwell Automation by 10.2% in the first quarter. Boston Advisors LLC now owns 6,510 shares of the industrial products company’s stock valued at $1,014,000 after buying an additional 600 shares in the last quarter. Finally, Lodestar Investment Counsel LLC IL increased its stake in shares of Rockwell Automation by 3.9% in the first quarter. Lodestar Investment Counsel LLC IL now owns 51,082 shares of the industrial products company’s stock valued at $7,954,000 after buying an additional 1,930 shares in the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.
ROK has been the subject of several recent analyst reports. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Cowen and Company raised their target price on Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, July 6th. Barclays PLC raised their target price on Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Morgan Stanley raised their target price on Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $155.00 target price on shares of Rockwell Automation in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target 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.
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