Rockwell Automation, Inc. (NYSE:ROK) insider Blake D. Moret sold 5,677 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total value of $965,657.70. Following the transaction, the insider now owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at 173.73 on Friday. Rockwell Automation, Inc. has a 1-year low of $113.50 and a 1-year high of $174.18. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 28.02 and a beta of 1.16. The stock has a 50 day moving average price of $164.14 and a 200-day moving average price of $159.63.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.55 earnings per share. Equities research analysts forecast that Rockwell Automation, Inc. will post $6.75 earnings per share for the current year.

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Several equities analysts recently commented on ROK shares. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research report on Tuesday, July 11th. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. HSBC Holdings plc restated a “hold” rating and set a $147.00 target price (up from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $167.00 target price on shares of Rockwell Automation in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Rockwell Automation has a consensus rating of “Hold” and an average target price of $152.27.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROK. Jacobus Wealth Management Inc. purchased a new position in Rockwell Automation in the first quarter worth about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 680 shares in the last quarter. Acrospire Investment Management LLC grew its position in Rockwell Automation by 166.3% in the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 499 shares in the last quarter. Sun Life Financial INC grew its position in Rockwell Automation by 8,490.9% in the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 934 shares in the last quarter. Finally, Clarkston Capital Partners LLC purchased a new position in Rockwell Automation in the second quarter worth about $206,000. Institutional investors own 73.66% 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.

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

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