Rockwell Automation Inc. (ROK) Insider John P. Mcdermott Sells 11,117 Shares of Stock
Rockwell Automation Inc. (NYSE:ROK) insider John P. Mcdermott sold 11,117 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $132.65, for a total value of $1,474,670.05. Following the completion of the transaction, the insider now owns 39,136 shares in the company, valued at approximately $5,191,390.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded down 0.46% on Thursday, hitting $132.77. The stock had a trading volume of 155,324 shares. Rockwell Automation Inc. has a 12 month low of $87.53 and a 12 month high of $133.68. The stock has a market cap of $17.23 billion, a PE ratio of 23.88 and a beta of 1.00. The company has a 50 day moving average price of $120.99 and a 200-day moving average price of $117.26.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. Rockwell Automation had a net margin of 12.41% and a return on equity of 36.34%. The firm earned $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that Rockwell Automation Inc. will post $6.06 earnings per share for the current 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 given a dividend of $0.76 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.28%. Rockwell Automation’s payout ratio is presently 54.58%.
Several large investors have recently modified their holdings of ROK. Checchi Capital Advisers LLC increased 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. Sigma Planning Corp boosted its position in Rockwell Automation by 0.3% in the third quarter. Sigma Planning Corp now owns 3,020 shares of the company’s stock worth $370,000 after buying an additional 8 shares during the period. Sfmg LLC boosted its position in Rockwell Automation by 0.5% in the second quarter. Sfmg LLC now owns 1,764 shares of the company’s stock worth $203,000 after buying an additional 9 shares during the period. Park National Corp OH boosted its position in Rockwell Automation by 0.5% in the third quarter. Park National Corp OH now owns 1,863 shares of the company’s stock worth $228,000 after buying an additional 10 shares during the period. Finally, Bank of Hawaii boosted its position in Rockwell Automation by 0.5% in the third quarter. Bank of Hawaii now owns 2,122 shares of the company’s stock worth $260,000 after buying an additional 10 shares during the period. 73.02% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the company. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Rockwell Automation in a research report on Saturday, November 12th. Barclays PLC upgraded 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. Stifel Nicolaus restated a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st. Berenberg Bank assumed coverage on Rockwell Automation in a research report on Monday, October 3rd. They set a “sell” rating and a $110.00 target price on the stock. Finally, HSBC assumed coverage on Rockwell Automation in a research 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, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $109.10.
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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