Insider Selling: Rockwell Automation, Inc. (ROK) Insider Sells $965,657.70 in Stock
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.
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.
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