Theodore D. Crandall Sells 11,300 Shares of Rockwell Automation Inc. (ROK) Stock
Rockwell Automation Inc. (NYSE:ROK) CFO Theodore D. Crandall sold 11,300 shares of Rockwell Automation stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $125.40, for a total transaction of $1,417,020.00. Following the completion of the sale, the chief financial officer now owns 106,131 shares of the company’s stock, valued at approximately $13,308,827.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Rockwell Automation Inc. (NYSE:ROK) opened at 131.71 on Monday. The firm’s 50-day moving average is $119.52 and its 200-day moving average is $116.86. Rockwell Automation Inc. has a 12-month low of $87.53 and a 12-month high of $131.72. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 23.69 and a beta of 1.00.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, November 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Rockwell Automation had a net margin of 12.41% and a return on equity of 36.34%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts predict that Rockwell Automation Inc. will post $6.02 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 14th will be paid a $0.76 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.73. This represents a $3.04 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, November 9th. Rockwell Automation’s dividend payout ratio (DPR) is currently 54.58%.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Morgan Stanley set a $109.00 target price on shares of Rockwell Automation and gave the company a “sell” rating in a report on Wednesday, September 28th. HSBC assumed coverage on shares of Rockwell Automation in a report on Friday, October 7th. They issued a “hold” rating and a $108.00 target price on the stock. Stifel Nicolaus reissued a “hold” rating on shares of Rockwell Automation in a report on Friday, October 21st. Finally, Barclays PLC raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $118.00 to $141.00 in a report on Monday, October 24th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $108.67.
A number of large investors have recently made changes to their positions in the stock. Tredje AP fonden increased its stake in shares of Rockwell Automation by 262.5% in the second quarter. Tredje AP fonden now owns 870 shares of the company’s stock worth $100,000 after buying an additional 630 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of 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 in the last quarter. Johnson Financial Group Inc. increased its stake in shares of Rockwell Automation by 1,818.4% in the second quarter. Johnson Financial Group Inc. now owns 940 shares of the company’s stock worth $108,000 after buying an additional 891 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Rockwell Automation during the first quarter worth $110,000. Finally, Penserra Capital Management LLC increased its stake in shares of Rockwell Automation by 95.4% in the third quarter. Penserra Capital Management LLC now owns 1,225 shares of the company’s stock worth $149,000 after buying an additional 598 shares in the last quarter. 73.02% of the stock is currently owned by institutional investors and hedge funds.
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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