John M. Miller Sells 9,433 Shares of Rockwell Automation Inc. (ROK) Stock
Rockwell Automation Inc. (NYSE:ROK) VP John M. Miller sold 9,433 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $130.96, for a total transaction of $1,235,345.68. Following the transaction, the vice president now owns 8,105 shares in the company, valued at approximately $1,061,430.80. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 company has a market cap of $17.33 billion, a price-to-earnings ratio of 24.01 and a beta of 1.00. The firm’s 50-day moving average is $119.52 and its 200 day moving average is $116.86.
Rockwell Automation (NYSE:ROK) last announced 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 net margin of 12.41% and a return on equity of 36.34%. The business earned $1.54 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the business posted $1.57 EPS. The business’s quarterly revenue 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 EPS 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 dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.28%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, November 9th. Rockwell Automation’s payout ratio is 54.58%.
ROK has been the topic of a number of research analyst reports. Barclays PLC lowered their price objective on shares of Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Saturday. HSBC started coverage on shares of Rockwell Automation in a report on Friday, October 7th. They set a “hold” rating and a $108.00 target price for the company. Stifel Nicolaus reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Friday, October 21st. Finally, Canaccord Genuity cut shares of Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 target price for the company. in a report on Tuesday, July 26th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $108.67.
Institutional investors have recently bought and sold shares of the stock. Boothbay Fund Management LLC purchased a new position in Rockwell Automation during the first quarter valued at $355,000. Chelsea Counsel Co. raised 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 period. Gardiner Nancy B raised 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 period. Lebenthal Asset Management LLC purchased a new position in Rockwell Automation during the first quarter valued at $520,000. Finally, BlueMountain Capital Management LLC raised 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 period. 73.02% of the stock is owned by hedge funds and other 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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