Rockwell Automation Inc. (ROK) CFO Theodore D. Crandall Sells 11,300 Shares
Rockwell Automation Inc. (NYSE:ROK) CFO Theodore D. Crandall sold 11,300 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $130.32, for a total value of $1,472,616.00. Following the sale, the chief financial officer now owns 106,131 shares of the company’s stock, valued at $13,830,991.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Rockwell Automation Inc. (NYSE:ROK) opened at 132.22 on Tuesday. The firm has a market capitalization of $17.16 billion, a P/E ratio of 23.78 and a beta of 1.00. Rockwell Automation Inc. has a 12-month low of $87.53 and a 12-month high of $133.28. The firm’s 50-day moving average price is $119.52 and its 200-day moving average price is $116.86.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, November 7th. The company reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.03. Rockwell Automation had a net margin of 12.41% and a return on equity of 36.34%. The company earned $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $1.57 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Equities analysts predict that Rockwell Automation Inc. will post $6.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 14th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, November 9th. Rockwell Automation’s dividend payout ratio is presently 54.58%.
Several brokerages recently issued reports on ROK. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Rockwell Automation in a report on Saturday. Barclays PLC upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $118.00 to $141.00 in a report on Monday, October 24th. Stifel Nicolaus reiterated a “hold” rating on shares of Rockwell Automation in a report on Friday, October 21st. Citigroup Inc. raised their target price on Rockwell Automation from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, October 10th. Finally, HSBC began coverage on Rockwell Automation in a report on Friday, October 7th. They set a “hold” rating and a $108.00 target price on the stock. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $108.67.
Several large investors have recently modified their holdings of the stock. Tredje AP fonden boosted 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 during the last quarter. Checchi Capital Advisers LLC boosted 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 during the last quarter. Johnson Financial Group Inc. boosted 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 during the last quarter. TLP Group LLC purchased a new stake in shares of Rockwell Automation during the third quarter worth about $138,000. Finally, Penserra Capital Management LLC boosted 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 during the last quarter. 73.02% of the stock is currently owned by institutional investors.
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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