Rockwell Automation, Inc. (ROK) Insider Sells $293,013.38 in Stock
Rockwell Automation, Inc. (NYSE:ROK) insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the transaction, the insider now owns 22,849 shares of the company’s stock, valued at approximately $3,885,700.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Rockwell Automation, Inc. (ROK) opened at 173.73 on Monday. The stock’s 50 day moving average is $164.14 and its 200-day moving average is $159.63. The firm has a market capitalization of $22.30 billion, a PE ratio of 28.02 and a beta of 1.16. Rockwell Automation, Inc. has a 1-year low of $113.27 and a 1-year high of $174.18.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.64 by $0.12. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. Rockwell Automation’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 earnings per share. Equities research analysts forecast that Rockwell Automation, Inc. will post $6.75 EPS for the current year.
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A number of equities analysts have commented on the stock. Cowen and Company restated a “hold” rating and set a $140.00 price objective on shares of Rockwell Automation in a research report on Sunday. Stifel Nicolaus restated a “hold” rating and set a $167.00 price objective on shares of Rockwell Automation in a research report on Wednesday, July 19th. HSBC Holdings plc restated a “hold” rating and set a $147.00 price objective (up previously from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Friday, July 28th. Finally, Wolfe Research assumed coverage on shares of Rockwell Automation in a research report on Tuesday, July 11th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $152.27.
Large investors have recently added to or reduced their stakes in the business. Jacobus Wealth Management Inc. purchased a new position in Rockwell Automation during the 1st quarter valued at about $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Rockwell Automation by 1,700.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares in the last quarter. Acrospire Investment Management LLC grew its stake in shares of Rockwell Automation by 166.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after buying an additional 499 shares in the last quarter. Sun Life Financial INC grew its stake in shares of Rockwell Automation by 8,490.9% in the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after buying an additional 934 shares in the last quarter. Finally, Clarkston Capital Partners LLC bought a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $206,000. 73.61% 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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