Insider Selling: Rockwell Automation, Inc. (ROK) SVP Sells $643,355.35 in Stock
Rockwell Automation, Inc. (NYSE:ROK) SVP Sujeet Chand sold 3,371 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.85, for a total value of $643,355.35. Following the completion of the transaction, the senior vice president now owns 47,183 shares in the company, valued at $9,004,875.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Rockwell Automation, Inc. (ROK) opened at $190.59 on Thursday. Rockwell Automation, Inc. has a 12-month low of $133.61 and a 12-month high of $210.72. The stock has a market capitalization of $24,117.42, a price-to-earnings ratio of 27.80, a PEG ratio of 2.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. sell-side analysts predict that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 annualized dividend and a dividend yield of 1.75%. Rockwell Automation’s dividend payout ratio (DPR) is currently 52.68%.
ROK has been the subject of a number of analyst reports. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 price target for the company in a research report on Tuesday, October 17th. ValuEngine raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Morgan Stanley reissued an “equal weight” rating and issued a $173.00 price target (up from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $183.00 price target on shares of Rockwell Automation in a research report on Thursday, October 12th. Finally, Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $165.00.
Institutional investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC purchased a new stake in shares of Rockwell Automation during the 3rd quarter valued at $131,000. Acrospire Investment Management LLC grew its stake in shares of Rockwell Automation by 166.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 499 shares during the period. Rockefeller Financial Services Inc. bought a new position in shares of Rockwell Automation during the 3rd quarter worth $143,000. Sun Life Financial INC grew its stake in shares of Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 934 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Rockwell Automation during the 3rd quarter worth $186,000. 73.04% of the stock is owned by hedge funds and other institutional investors.
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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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