Insider Selling: Rockwell Automation Inc. (ROK) SVP Sells $1,718,528.00 in Stock
Rockwell Automation Inc. (NYSE:ROK) SVP Sujeet Chand sold 13,700 shares of the stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $125.44, for a total transaction of $1,718,528.00. Following the completion of the sale, the senior vice president now directly owns 52,995 shares of the company’s stock, valued at approximately $6,647,692.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Sujeet Chand also recently made the following trade(s):
- On Monday, August 15th, Sujeet Chand sold 4,800 shares of Rockwell Automation stock. The stock was sold at an average price of $119.14, for a total transaction of $571,872.00.
Rockwell Automation Inc. (NYSE:ROK) opened at 132.22 on Tuesday. The company has a market capitalization of $17.16 billion, a P/E ratio of 23.78 and a beta of 1.00. The stock has a 50 day moving average of $119.52 and a 200-day moving average of $116.86. Rockwell Automation Inc. has a 52-week low of $87.53 and a 52-week high of $133.28.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. Rockwell Automation had a net margin of 12.41% and a return on equity of 36.34%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 earnings per share. On average, equities analysts forecast that Rockwell Automation Inc. will post $6.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 14th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, November 9th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.73. Rockwell Automation’s dividend payout ratio (DPR) is presently 54.58%.
Institutional investors have recently modified their holdings of the stock. Tredje AP fonden raised its position in 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 raised 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 worth $108,000 after buying an additional 5 shares in the last quarter. Johnson Financial Group Inc. raised 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 worth $108,000 after buying an additional 891 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Rockwell Automation during the first quarter worth approximately $110,000. Finally, TLP Group LLC purchased a new position in Rockwell Automation during the third quarter worth approximately $138,000. 73.02% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on ROK shares. Zacks Investment Research downgraded shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note 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 research note on Wednesday, September 28th. HSBC started coverage on shares of Rockwell Automation in a research note on Friday, October 7th. They issued a “hold” rating and a $108.00 target price for the company. Stifel Nicolaus restated a “hold” rating on shares of Rockwell Automation in a research note on Friday, October 21st. Finally, Barclays PLC upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $118.00 to $141.00 in a research note on Monday, October 24th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $108.67.
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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