Rockwell Automation, Inc. (NYSE:ROK) VP Terry L. Riesterer Sells 850 Shares

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) VP Terry L. Riesterer sold 850 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the transaction, the vice president now owns 1,633 shares of the company's stock, valued at $490,242.93. This trade represents a 34.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rockwell Automation Stock Performance

ROK traded up $5.46 during trading on Tuesday, hitting $298.55. The stock had a trading volume of 149,463 shares, compared to its average volume of 835,704. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The firm has a market capitalization of $33.75 billion, a P/E ratio of 36.06, a PEG ratio of 2.89 and a beta of 1.35. The company's 50-day moving average price is $286.17 and its 200 day moving average price is $276.17.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. On average, equities research analysts forecast that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.76%. Rockwell Automation's dividend payout ratio (DPR) is presently 63.29%.

Hedge Funds Weigh In On Rockwell Automation

A number of institutional investors and hedge funds have recently made changes to their positions in ROK. Ritholtz Wealth Management purchased a new position in Rockwell Automation during the 3rd quarter valued at about $214,000. Creative Planning increased its holdings in Rockwell Automation by 3.2% during the 3rd quarter. Creative Planning now owns 25,927 shares of the industrial products company's stock valued at $6,960,000 after acquiring an additional 807 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Rockwell Automation by 3.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,382 shares of the industrial products company's stock valued at $9,499,000 after acquiring an additional 1,033 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its holdings in Rockwell Automation by 1,707.7% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 235 shares of the industrial products company's stock valued at $63,000 after acquiring an additional 222 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Rockwell Automation by 17.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,637 shares of the industrial products company's stock valued at $976,000 after acquiring an additional 550 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ROK. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. BNP Paribas downgraded shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. KeyCorp upgraded shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price objective for the company in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating for the company in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of "Hold" and a consensus target price of $308.05.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.