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.
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