Insider Selling: Rockwell Automation Inc. (ROK) SVP Sells 9,200 Shares of Stock
Rockwell Automation Inc. (NYSE:ROK) SVP Sujeet Chand sold 9,200 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $131.95, for a total transaction of $1,213,940.00. Following the transaction, the senior vice president now owns 2,200 shares of the company’s stock, valued at approximately $290,290. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sujeet Chand also recently made the following trade(s):
- On Wednesday, November 9th, Sujeet Chand sold 13,700 shares of Rockwell Automation stock. The stock was sold at an average price of $125.44, for a total transaction of $1,718,528.00.
Rockwell Automation Inc. (NYSE:ROK) opened at 133.48 on Wednesday. The firm’s 50 day moving average is $119.52 and its 200 day moving average is $116.86. Rockwell Automation Inc. has a 1-year low of $87.53 and a 1-year 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.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, November 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.03. The business earned $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. On average, equities research analysts anticipate that Rockwell Automation Inc. will post $6.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.76 per share. 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 dividend yield of 2.28%. The ex-dividend date is Wednesday, November 9th. Rockwell Automation’s payout ratio is currently 54.58%.
A number of equities analysts have weighed in on ROK shares. Zacks Investment Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Morgan Stanley set a $109.00 target price on shares of Rockwell Automation and gave the stock a “sell” rating in a research report on Wednesday, September 28th. HSBC started coverage on shares of Rockwell Automation in a research report on Friday, October 7th. They set a “hold” rating and a $108.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st. Finally, Barclays PLC upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $118.00 to $141.00 in a research report on Monday, October 24th. 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 company. The stock currently has a consensus rating of “Hold” and a consensus price target of $108.67.
Several large investors have recently added to or reduced their stakes in ROK. Vanguard Group Inc. increased its position in shares of Rockwell Automation by 0.8% in the second quarter. Vanguard Group Inc. now owns 7,919,804 shares of the company’s stock worth $909,351,000 after buying an additional 64,944 shares during the period. Lazard Asset Management LLC increased its position in shares of Rockwell Automation by 0.6% in the third quarter. Lazard Asset Management LLC now owns 4,671,449 shares of the company’s stock worth $571,504,000 after buying an additional 26,727 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Rockwell Automation by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,406,867 shares of the company’s stock worth $416,796,000 after buying an additional 34,719 shares during the period. BlackRock Fund Advisors increased its position in shares of Rockwell Automation by 3.8% in the third quarter. BlackRock Fund Advisors now owns 2,201,314 shares of the company’s stock worth $269,309,000 after buying an additional 80,074 shares during the period. Finally, Eaton Vance Management increased its position in shares of Rockwell Automation by 7.8% in the third quarter. Eaton Vance Management now owns 1,149,042 shares of the company’s stock worth $140,574,000 after buying an additional 83,120 shares during the period. 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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