Shares of Rockwell Automation, Inc. (NYSE:ROK) gapped up prior to trading on Thursday . The stock had previously closed at $177.35, but opened at $188.73. Rockwell Automation shares last traded at $193.61, with a volume of 2377837 shares traded.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup Inc. upped their price target on shares of Rockwell Automation from $187.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, November 10th. ValuEngine downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. J P Morgan Chase & Co raised shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target for the company in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $165.00.

The firm has a market capitalization of $24,830.00, a price-to-earnings ratio of 28.38, a P/E/G ratio of 2.19 and a beta of 1.24. The company has a quick ratio of 3.00, a current ratio of 3.46 and a debt-to-equity ratio of 0.47.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company posted $1.52 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. analysts forecast that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.34 dividend on an annualized basis and a yield of 1.72%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio (DPR) is 52.60%.

In other news, insider Blake D. Moret sold 1,723 shares of Rockwell Automation stock in a transaction dated 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 in the company, valued at approximately $3,885,700.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Blake D. Moret sold 5,677 shares of Rockwell Automation stock in a transaction dated Wednesday, September 13th. The shares were 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 in the company, valued at approximately $3,644,562.60. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the business. NN Investment Partners Holdings N.V. lifted its holdings in shares of Rockwell Automation by 132.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 5,452 shares of the industrial products company’s stock valued at $883,000 after purchasing an additional 3,103 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Rockwell Automation by 5.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,651 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 90 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Rockwell Automation by 2.6% in the 2nd quarter. LS Investment Advisors LLC now owns 5,089 shares of the industrial products company’s stock worth $824,000 after purchasing an additional 130 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Rockwell Automation by 14.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 35,851 shares of the industrial products company’s stock worth $5,792,000 after purchasing an additional 4,449 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Rockwell Automation by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the industrial products company’s stock worth $1,296,000 after purchasing an additional 100 shares in the last quarter. 72.90% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/18/rockwell-automation-inc-rok-shares-gap-up-to-188-73.html.

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.

Receive News & Stock Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related stocks with our FREE daily email newsletter.