Theodore D. Crandall Sells 11,300 Shares of Rockwell Automation Inc. (ROK) Stock
Rockwell Automation Inc. (NYSE:ROK) CFO Theodore D. Crandall sold 11,300 shares of Rockwell Automation stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $131.73, for a total transaction of $1,488,549.00. Following the completion of the transaction, the chief financial officer now owns 96,981 shares in the company, valued at $12,775,307.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Rockwell Automation Inc. (NYSE:ROK) opened at 131.86 on Thursday. 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 $16.91 billion, a P/E ratio of 23.72 and a beta of 1.00. The company’s 50-day moving average is $122.70 and its 200-day moving average is $117.96.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, November 7th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. The business earned $1.54 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Rockwell Automation had a net margin of 12.41% and a return on equity of 36.34%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $1.57 earnings per share. On average, analysts expect that Rockwell Automation Inc. will post $6.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 14th will be issued 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 2.31%. The ex-dividend date of this dividend is Wednesday, November 9th. Rockwell Automation’s dividend payout ratio (DPR) is currently 54.58%.
A number of research analysts have commented on the stock. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, November 12th. Barclays PLC dropped 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 note on Thursday, July 28th. Citigroup Inc. dropped their price objective on shares of Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, July 28th. Berenberg Bank began coverage on shares of Rockwell Automation in a research note on Monday, October 3rd. They set a “sell” rating and a $110.00 price target on the stock. Finally, Sanford C. Bernstein upgraded shares of Rockwell Automation from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $105.00 to $121.00 in a research note on Friday, September 30th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $109.83.
Hedge funds have recently bought and sold shares of the company. 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 in the last quarter. Sigma Planning Corp boosted its stake in Rockwell Automation by 0.3% in the third quarter. Sigma Planning Corp now owns 3,020 shares of the company’s stock valued at $370,000 after buying an additional 8 shares in the last quarter. Sfmg LLC boosted its stake in Rockwell Automation by 0.5% in the second quarter. Sfmg LLC now owns 1,764 shares of the company’s stock valued at $203,000 after buying an additional 9 shares in the last quarter. Park National Corp OH boosted its stake in Rockwell Automation by 0.5% in the third quarter. Park National Corp OH now owns 1,863 shares of the company’s stock valued at $228,000 after buying an additional 10 shares in the last quarter. Finally, Bank of Hawaii boosted its stake in Rockwell Automation by 0.5% in the third quarter. Bank of Hawaii now owns 2,122 shares of the company’s stock valued at $260,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 72.95% 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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