Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) VP Scott Genereux sold 500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the transaction, the vice president now directly owns 1,905 shares in the company, valued at $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Scott Genereux also recently made the following trade(s):
- On Monday, December 9th, Scott Genereux sold 278 shares of Rockwell Automation stock. The shares were sold at an average price of $302.04, for a total value of $83,967.12.
- On Thursday, December 5th, Scott Genereux sold 279 shares of Rockwell Automation stock. The stock was sold at an average price of $296.13, for a total value of $82,620.27.
Rockwell Automation Trading Up 1.7 %
ROK traded up $4.73 during midday trading on Friday, reaching $276.55. 1,078,604 shares of the company were exchanged, compared to its average volume of 830,566. The stock has a market capitalization of $31.27 billion, a P/E ratio of 34.44, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The stock's 50-day simple moving average is $284.53 and its 200 day simple moving average is $278.65. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.
Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate 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, analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.
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 $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, February 18th. Rockwell Automation's dividend payout ratio (DPR) is 65.26%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Loop Capital upped their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 15th. BNP Paribas cut shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 11th. UBS Group assumed coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $313.00 price objective for the company. Finally, KeyCorp raised Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price objective on the stock in a report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $308.47.
Check Out Our Latest Research Report on Rockwell Automation
Institutional Trading of Rockwell Automation
A number of large investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Rockwell Automation in the third quarter valued at about $26,000. West Oak Capital LLC lifted its holdings in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 82 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Rockwell Automation in the 3rd quarter valued at approximately $34,000. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation during the 4th quarter worth approximately $34,000. Finally, SBI Securities Co. Ltd. bought a new stake in Rockwell Automation during the 4th quarter worth approximately $35,000. Institutional investors own 75.75% of the company's stock.
About Rockwell Automation
(
Get Free Report)
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.
Featured Articles
Before you consider Rockwell Automation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rockwell Automation wasn't on the list.
While Rockwell Automation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
