Douglas M. Hagerman Sells 9,066 Shares of Rockwell Automation Inc. (ROK) Stock
Rockwell Automation Inc. (NYSE:ROK) VP Douglas M. Hagerman sold 9,066 shares of Rockwell Automation stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $128.58, for a total transaction of $1,165,706.28. Following the completion of the transaction, the vice president now directly owns 12,311 shares in the company, valued at $1,582,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Rockwell Automation Inc. (NYSE:ROK) opened at 131.71 on Monday. The company has a 50-day moving average of $119.52 and a 200-day moving average of $116.86. The company has a market cap of $17.10 billion, a PE ratio of 23.69 and a beta of 1.00. Rockwell Automation Inc. has a 52 week low of $87.53 and a 52 week high of $131.72.
Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Rockwell Automation Inc. will post $6.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 14th will be paid a $0.76 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $3.04 dividend on an annualized basis and a yield of 2.31%. Rockwell Automation’s dividend payout ratio (DPR) is presently 54.58%.
Several brokerages recently commented on ROK. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a research note on Saturday. Canaccord Genuity cut shares of Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a report on Tuesday, July 26th. Citigroup Inc. cut their price target on shares of Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th. Stifel Nicolaus reiterated a “hold” rating on shares of Rockwell Automation in a report on Friday, October 21st. Finally, Barclays PLC cut their price target on shares of Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $108.67.
Hedge funds have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its stake in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Sigma Planning Corp raised its position in shares of Rockwell Automation by 0.3% in the third quarter. Sigma Planning Corp now owns 3,020 shares of the company’s stock valued at $370,000 after buying an additional 8 shares in the last quarter. Sfmg LLC raised its position in shares of Rockwell Automation by 0.5% in the second quarter. Sfmg LLC now owns 1,764 shares of the company’s stock valued at $203,000 after buying an additional 9 shares in the last quarter. Park National Corp OH raised its position in shares of Rockwell Automation by 0.5% in the third quarter. Park National Corp OH now owns 1,863 shares of the company’s stock valued at $228,000 after buying an additional 10 shares in the last quarter. Finally, Bank of Hawaii raised its position in shares of Rockwell Automation by 0.5% in the third quarter. Bank of Hawaii now owns 2,122 shares of the company’s stock valued at $260,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 73.02% of the company’s stock.
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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