Rockwell Automation Inc. (ROK) VP Steven W. Etzel Sells 1,800 Shares of Stock
Rockwell Automation Inc. (NYSE:ROK) VP Steven W. Etzel sold 1,800 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $121.54, for a total value of $218,772.00. Following the completion of the sale, the vice president now directly owns 8,286 shares of the company’s stock, valued at approximately $1,007,080.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Rockwell Automation Inc. (NYSE:ROK) opened at 121.24 on Thursday. Rockwell Automation Inc. has a 1-year low of $87.53 and a 1-year high of $123.48. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 21.57 and a beta of 1.15. The stock has a 50 day moving average price of $117.04 and a 200-day moving average price of $115.70.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 27th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.09. Rockwell Automation had a net margin of 12.54% and a return on equity of 35.83%. The business earned $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business posted $1.59 EPS. Rockwell Automation’s revenue was down 6.4% on a year-over-year basis. Equities analysts predict that Rockwell Automation Inc. will post $5.90 earnings per share for the current year.
Several brokerages have recently commented on ROK. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Tuesday. Berenberg Bank began coverage on Rockwell Automation in a research report on Monday. They issued a “sell” rating and a $110.00 target price for the company. Sanford C. Bernstein raised Rockwell Automation from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $105.00 to $121.00 in a research report on Friday, September 30th. Morgan Stanley set a $109.00 target price on Rockwell Automation and gave the stock a “sell” rating in a research report on Wednesday, September 28th. Finally, Citigroup Inc. decreased their target price on Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $108.20.
A number of large investors have recently modified their holdings of the stock. Tredje AP fonden boosted its position in Rockwell Automation by 262.5% in the second quarter. Tredje AP fonden now owns 870 shares of the company’s stock valued at $100,000 after buying an additional 630 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock valued at $108,000 after buying an additional 5 shares in the last quarter. Johnson Financial Group Inc. boosted its position in Rockwell Automation by 1,818.4% in the second quarter. Johnson Financial Group Inc. now owns 940 shares of the company’s stock valued at $108,000 after buying an additional 891 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Rockwell Automation during the first quarter valued at $110,000. Finally, Citizens Financial Group Inc RI boosted its position in Rockwell Automation by 20.9% in the first quarter. Citizens Financial Group Inc RI now owns 1,344 shares of the company’s stock valued at $153,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.
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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