Rockwell Automation, Inc. (NYSE:ROK) SVP Sells $75,500.24 in Stock

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the sale, the senior vice president now owns 1,922 shares in the company, valued at $495,260.96. This trade represents a 13.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rockwell Automation Trading Down 0.5 %

Shares of Rockwell Automation stock traded down $1.16 during trading hours on Friday, hitting $229.01. The company's stock had a trading volume of 1,536,472 shares, compared to its average volume of 870,015. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The stock has a 50 day moving average of $268.12 and a 200 day moving average of $276.64. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $308.70. The company has a market capitalization of $25.89 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Remove Ads

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 2.29%. Rockwell Automation's dividend payout ratio is currently 65.26%.

Analyst Upgrades and Downgrades

ROK has been the topic of several research analyst reports. KeyCorp decreased their price objective on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research note on Tuesday. Oppenheimer upped their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Citigroup raised their price objective on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $300.63.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MCF Advisors LLC grew its stake in shares of Rockwell Automation by 95.8% in the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock valued at $667,000 after buying an additional 1,141 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of Rockwell Automation by 99.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock valued at $1,482,000 after acquiring an additional 2,582 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Rockwell Automation by 6.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company's stock worth $9,184,000 after purchasing an additional 1,928 shares during the last quarter. Nordea Investment Management AB raised its stake in Rockwell Automation by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company's stock valued at $132,554,000 after buying an additional 25,882 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Rockwell Automation by 7.3% during the 3rd quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company's stock valued at $212,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

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.