Rockwell Automation, Inc. (NYSE:ROK) SVP Tessa M. Myers Sells 1,231 Shares

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) SVP Tessa M. Myers sold 1,231 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the sale, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. The trade was a 25.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rockwell Automation Price Performance

NYSE ROK traded up $4.73 during mid-day trading on Friday, hitting $276.55. The stock had a trading volume of 1,078,604 shares, compared to its average volume of 830,566. The firm's 50 day moving average is $284.53 and its 200 day moving average is $278.65. 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 market capitalization of $31.27 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS 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%. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Remove Ads

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation's dividend payout ratio (DPR) is 65.26%.

Institutional Investors Weigh In On Rockwell Automation

Large investors have recently made changes to their positions in the stock. Gladstone Institutional Advisory LLC boosted its stake in Rockwell Automation by 33.2% during the third quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company's stock worth $370,000 after buying an additional 343 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Rockwell Automation by 95.8% during the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock worth $667,000 after acquiring an additional 1,141 shares during the period. Ameritas Advisory Services LLC boosted its position in shares of Rockwell Automation by 99.1% during 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 last quarter. GSA Capital Partners LLP purchased a new stake in shares of Rockwell Automation in the third quarter valued at about $912,000. Finally, Nomura Asset Management Co. Ltd. increased its position in Rockwell Automation by 6.0% during the third 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. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Stephens raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. Loop Capital lifted their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Jefferies Financial Group upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and upped their price objective for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Finally, Robert W. Baird raised their target price on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $308.47.

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.