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.

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

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