Rockwell Automation Inc. (NYSE:ROK) VP Steven W. Etzel sold 2,100 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $132.98, for a total value of $279,258.00. Following the sale, the vice president now directly owns 8,586 shares in the company, valued at approximately $1,141,766.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rockwell Automation Inc. (NYSE:ROK) traded down 0.57% during trading on Friday, reaching $131.20. 592,838 shares of the company’s stock traded hands. The company has a market cap of $17.03 billion, a P/E ratio of 23.60 and a beta of 1.00. The firm’s 50 day moving average is $121.39 and its 200 day moving average is $117.36. Rockwell Automation Inc. has a 12 month low of $87.53 and a 12 month high of $133.68.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, November 7th. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters’ 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 had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. Rockwell Automation’s revenue was down 4.3% compared to the same quarter last year. Analysts anticipate that Rockwell Automation Inc. will post $6.06 EPS for the current year.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.76 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. This represents a $3.04 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, November 9th. Rockwell Automation’s dividend payout ratio is 54.58%.

Several hedge funds have recently added to or reduced their stakes in the stock. Tredje AP fonden boosted its stake in Rockwell Automation by 262.5% in the second quarter. Tredje AP fonden now owns 870 shares of the company’s stock valued at $100,000 after buying an additional 630 shares during the period. Checchi Capital Advisers LLC boosted its stake in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock valued at $108,000 after buying an additional 5 shares during the period. Johnson Financial Group Inc. boosted its stake in Rockwell Automation by 1,818.4% in the second quarter. Johnson Financial Group Inc. now owns 940 shares of the company’s stock valued at $108,000 after buying an additional 891 shares during the period. TLP Group LLC bought a new stake in Rockwell Automation during the third quarter valued at approximately $138,000. Finally, Penserra Capital Management LLC boosted its stake in Rockwell Automation by 95.4% in the third quarter. Penserra Capital Management LLC now owns 1,225 shares of the company’s stock valued at $149,000 after buying an additional 598 shares during the period. 73.02% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Rockwell Automation in a report on Saturday, November 12th. Barclays PLC dropped their target price on Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Citigroup Inc. dropped their target price on Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th. Canaccord Genuity cut Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 target price on the stock. in a report on Tuesday, July 26th. Finally, Berenberg Bank assumed coverage on Rockwell Automation in a report on Monday, October 3rd. They set a “sell” rating and a $110.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $109.10.

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.

5 Day Chart for NYSE:ROK

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