Frank C. Kulaszewicz Sells 2,000 Shares of Rockwell Automation Inc. (ROK) Stock
Rockwell Automation Inc. (NYSE:ROK) SVP Frank C. Kulaszewicz sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $129.55, for a total value of $259,100.00. Following the completion of the transaction, the senior vice president now owns 28,240 shares of the company’s stock, valued at approximately $3,658,492. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Rockwell Automation Inc. (NYSE:ROK) opened at 133.48 on Wednesday. Rockwell Automation Inc. has a 52-week low of $87.53 and a 52-week high of $133.54. The stock has a market capitalization of $17.33 billion, a P/E ratio of 24.01 and a beta of 1.00. The company’s 50-day moving average price is $119.52 and its 200 day moving average price is $116.86.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The firm earned $1.54 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities research analysts predict that Rockwell Automation Inc. will post $6.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.28%. 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 is currently 54.58%.
Several hedge funds have recently modified their holdings of ROK. Boothbay Fund Management LLC acquired a new stake in shares of Rockwell Automation during the first quarter valued at approximately $355,000. Chelsea Counsel Co. increased its position in Rockwell Automation by 19.5% in the first quarter. Chelsea Counsel Co. now owns 14,290 shares of the company’s stock valued at $1,625,000 after buying an additional 2,335 shares during the last quarter. Gardiner Nancy B increased its position in Rockwell Automation by 14.2% in the first quarter. Gardiner Nancy B now owns 4,270 shares of the company’s stock valued at $486,000 after buying an additional 530 shares during the last quarter. Lebenthal Asset Management LLC purchased a new position in Rockwell Automation during the first quarter valued at about $520,000. Finally, BlueMountain Capital Management LLC increased its position in Rockwell Automation by 60.9% in the first quarter. BlueMountain Capital Management LLC now owns 6,580 shares of the company’s stock valued at $748,000 after buying an additional 2,490 shares during the last quarter. Hedge funds and other institutional investors own 73.02% of the company’s stock.
A number of research firms have recently commented on ROK. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Rockwell Automation in a research note on Saturday. Barclays PLC raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $118.00 to $141.00 in a research report on Monday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st. Citigroup Inc. raised their price objective on Rockwell Automation from $118.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, October 10th. Finally, HSBC started coverage on Rockwell Automation in a research report on Friday, October 7th. They set a “hold” rating and a $108.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $108.67.
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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