Rockwell Automation, Inc. (ROK) Director Lawrence D. Kingsley Buys 365 Shares
Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley bought 365 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were purchased at an average price of $99.77 per share, for a total transaction of $36,416.05. Following the completion of the transaction, the director now owns 5,421 shares of the company’s stock, valued at approximately $540,853.17. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Rockwell Automation, Inc. (NYSE:ROK) traded up $0.32 during trading on Monday, reaching $190.78. The company had a trading volume of 1,327,063 shares, compared to its average volume of 877,063. The firm has a market capitalization of $24,474.66, a price-to-earnings ratio of 28.22, a P/E/G ratio of 2.14 and a beta of 1.23. Rockwell Automation, Inc. has a 52-week low of $133.61 and a 52-week high of $210.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. equities research analysts forecast that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.835 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, November 10th. Rockwell Automation’s dividend payout ratio is presently 52.68%.
A number of equities analysts have recently weighed in on the company. cut Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. J P Morgan Chase & Co assumed coverage on Rockwell Automation in a report on Wednesday, November 29th. They issued a “neutral” rating for the company. Wolfe Research raised Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a report on Monday, November 20th. Finally, Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $165.00.
A number of institutional investors have recently added to or reduced their stakes in ROK. Old Mutual Global Investors UK Ltd. acquired a new position in Rockwell Automation in the second quarter valued at $126,891,000. Ameriprise Financial Inc. increased its stake in Rockwell Automation by 277.7% in the second quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after purchasing an additional 778,633 shares during the last quarter. BlackRock Inc. increased its stake in Rockwell Automation by 7.5% in the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after purchasing an additional 679,645 shares during the last quarter. Voya Investment Management LLC increased its stake in Rockwell Automation by 741.5% in the second quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock valued at $112,712,000 after purchasing an additional 613,225 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Rockwell Automation by 37.9% in the second quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock valued at $187,224,000 after purchasing an additional 317,777 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.
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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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