Rockwell Automation Inc. (ROK) Director William T. Jr/Wi Mccormick Sells 455 Shares of Stock
Rockwell Automation Inc. (NYSE:ROK) Director William T. Jr/Wi Mccormick sold 455 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $132.68, for a total value of $60,369.40. Following the transaction, the director now owns 10,822 shares in the company, valued at $1,435,862.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Rockwell Automation Inc. (NYSE:ROK) traded up 0.33% during trading on Monday, reaching $131.63. The company had a trading volume of 252,494 shares. Rockwell Automation Inc. has a 1-year low of $87.53 and a 1-year high of $133.68. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 23.67 and a beta of 1.00. The firm has a 50-day moving average of $121.78 and a 200-day moving average of $117.49.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $1.57 earnings per share. Rockwell Automation’s quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts anticipate that Rockwell Automation Inc. will post $6.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 14th will be issued a dividend of $0.76 per share. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, November 9th. This represents a $3.04 annualized dividend and a dividend yield of 2.32%. Rockwell Automation’s dividend payout ratio (DPR) is presently 54.58%.
ROK has been the topic of several research analyst reports. 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 research note on Thursday, July 28th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, November 12th. HSBC began coverage on Rockwell Automation in a research note on Friday, October 7th. They set a “hold” rating and a $108.00 price target on the stock. Stifel Nicolaus reiterated a “hold” rating on shares of Rockwell Automation in a research note on Friday, October 21st. Finally, Canaccord Genuity downgraded Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a research note on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $109.83.
Several institutional investors have recently modified their holdings of ROK. Legal & General Group Plc raised its position in shares of Rockwell Automation by 4.2% in the first quarter. Legal & General Group Plc now owns 603,433 shares of the company’s stock valued at $68,641,000 after buying an additional 24,229 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Rockwell Automation by 126.2% in the first quarter. Envestnet Asset Management Inc. now owns 22,913 shares of the company’s stock valued at $2,606,000 after buying an additional 12,784 shares during the last quarter. Moore Capital Management LP purchased a new position in shares of Rockwell Automation during the first quarter valued at about $6,427,000. Euclid Advisors LLC purchased a new position in shares of Rockwell Automation during the first quarter valued at about $874,000. Finally, Robecosam AG raised its position in shares of Rockwell Automation by 33.4% in the first quarter. Robecosam AG now owns 66,420 shares of the company’s stock valued at $7,595,000 after buying an additional 16,620 shares during the last quarter. 72.95% of the stock is currently owned by institutional investors.
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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