Rockwell Automation, Inc. (ROK) SVP Sells $1,568,735.00 in Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Sujeet Chand sold 9,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $165.13, for a total transaction of $1,568,735.00. Following the transaction, the senior vice president now owns 41,273 shares in the company, valued at $6,815,410.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sujeet Chand also recently made the following trade(s):

  • On Wednesday, May 31st, Sujeet Chand sold 9,500 shares of Rockwell Automation stock. The stock was sold at an average price of $159.72, for a total transaction of $1,517,340.00.

Rockwell Automation, Inc. (NYSE ROK) traded up 0.07% during midday trading on Friday, hitting $161.38. 567,777 shares of the stock were exchanged. The firm has a 50 day moving average of $164.31 and a 200-day moving average of $157.70. Rockwell Automation, Inc. has a 12-month low of $111.52 and a 12-month high of $167.97. The stock has a market cap of $20.71 billion, a price-to-earnings ratio of 26.02 and a beta of 1.17.

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, topping analysts’ consensus estimates of $1.64 by $0.12. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 earnings per share. On average, equities analysts expect that Rockwell Automation, Inc. will post $6.75 earnings per share for the current year.

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

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A number of research firms recently weighed in on ROK. Stifel Nicolaus restated a “hold” rating and set a $167.00 price target on shares of Rockwell Automation in a research report on Wednesday, July 19th. HSBC Holdings plc reaffirmed a “hold” rating and set a $147.00 target price (up from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research note on Friday, July 28th. Wolfe Research assumed coverage on shares of Rockwell Automation in a research note on Tuesday, July 11th. They set a “peer perform” rating on the stock. Finally, BidaskClub downgraded shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. Two equities research 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. Rockwell Automation currently has an average rating of “Hold” and an average target price of $152.33.

A number of institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in Rockwell Automation by 97.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,900 shares of the industrial products company’s stock worth $1,062,000 after buying an additional 3,900 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Rockwell Automation by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 111,007 shares of the industrial products company’s stock worth $17,285,000 after buying an additional 3,858 shares in the last quarter. Manning & Napier Advisors LLC increased its position in Rockwell Automation by 8.0% in the first quarter. Manning & Napier Advisors LLC now owns 21,858 shares of the industrial products company’s stock worth $3,402,000 after buying an additional 1,613 shares in the last quarter. S&CO Inc. acquired a new position in Rockwell Automation during the first quarter worth approximately $216,000. Finally, Gulf International Bank UK Ltd increased its position in Rockwell Automation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 40,598 shares of the industrial products company’s stock worth $6,321,000 after buying an additional 515 shares in the last quarter. 73.38% of the stock is owned by hedge funds and other 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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