Rockwell Automation, Inc. (NYSE:ROK) Director Sells $3,310,000.00 in Stock

Rockwell Automation, Inc. (NYSE:ROK) Director Keith D. Nosbusch sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $165.50, for a total transaction of $3,310,000.00. Following the transaction, the director now owns 411,286 shares of the company’s stock, valued at approximately $68,067,833. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Rockwell Automation, Inc. (NYSE:ROK) traded down 0.34% during trading on Friday, reaching $161.66. 679,989 shares of the company’s stock were exchanged. The stock has a market cap of $20.75 billion, a PE ratio of 26.07 and a beta of 1.17. The firm has a 50 day moving average of $164.02 and a 200-day moving average of $157.31. Rockwell Automation, Inc. has a 12 month low of $111.52 and a 12 month high of $167.97.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $1.55 earnings per share. Rockwell Automation’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.04 annualized dividend and a dividend yield of 1.88%. Rockwell Automation’s dividend payout ratio (DPR) is presently 49.03%.

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Several large investors have recently added to or reduced their stakes in ROK. BlackRock Inc. boosted its stake in Rockwell Automation by 7.5% in the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after buying an additional 679,645 shares during the period. Vanguard Group Inc. increased its position in Rockwell Automation by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock worth $1,420,278,000 after buying an additional 268,101 shares in the last quarter. State Street Corp increased its position in Rockwell Automation by 1.3% in the first quarter. State Street Corp now owns 5,749,538 shares of the industrial products company’s stock worth $895,260,000 after buying an additional 76,191 shares in the last quarter. Lazard Asset Management LLC increased its position in Rockwell Automation by 0.5% in the second quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock worth $373,861,000 after buying an additional 11,384 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Rockwell Automation by 5.9% in the second quarter. JPMorgan Chase & Co. now owns 1,459,185 shares of the industrial products company’s stock worth $236,330,000 after buying an additional 81,416 shares in the last quarter. 73.38% of the stock is currently owned by institutional investors.

Several analysts have recently commented on ROK shares. Gabelli raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Barclays PLC raised their price objective on shares of Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Credit Suisse Group reaffirmed a “hold” rating and set a $155.00 price objective on shares of Rockwell Automation in a research report on Thursday, April 27th. Stifel Nicolaus raised their price objective on shares of Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Morgan Stanley raised their price objective on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $152.33.

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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