Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods Sells 876 Shares

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) VP Isaac Woods sold 876 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at approximately $300,219.71. This trade represents a 45.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Isaac Woods also recently made the following trade(s):

• On Friday, January 10th, Isaac Woods sold 895 shares of Rockwell Automation stock. The stock was sold at an average price of $274.72, for a total value of $245,874.40.

Rockwell Automation Stock Up 1.7 %

Shares of NYSE ROK traded up $4.73 during trading on Friday, reaching $276.55. The company had a trading volume of 1,078,604 shares, compared to its average volume of 830,566. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The business's 50-day moving average is $284.53 and its 200 day moving average is $278.65. The stock has a market cap of $31.27 billion, a PE ratio of 34.44, a P/E/G 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 (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

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Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation's payout ratio is 65.26%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stephens raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Wells Fargo & Company raised their target price 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. Citigroup boosted their price target 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. HSBC upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price objective for the company in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their price objective on Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Rockwell Automation currently has an average rating of "Hold" and a consensus target price of $308.47.

Hedge Funds Weigh In On Rockwell Automation

A number of hedge funds have recently added to or reduced their stakes in ROK. Accredited Investors Inc. increased its holdings in shares of Rockwell Automation by 162,058.5% in the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company's stock worth $318,227,000 after purchasing an additional 1,184,648 shares in the last quarter. Norges Bank purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at $284,177,000. Wellington Management Group LLP increased its holdings in Rockwell Automation by 85,513.1% in the 4th quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company's stock worth $193,047,000 after buying an additional 674,698 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Rockwell Automation by 102.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock worth $368,021,000 after buying an additional 651,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Rockwell Automation by 6.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock worth $2,033,476,000 after buying an additional 432,934 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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.