Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods Sells 895 Shares

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 895 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the sale, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Rockwell Automation Trading Up 0.8 %

ROK traded up $2.32 during trading on Monday, reaching $275.72. 655,972 shares of the company’s stock were exchanged, compared to its average volume of 603,810. The company’s fifty day moving average price is $287.71 and its 200-day moving average price is $274.03. The firm has a market capitalization of $31.17 billion, a PE ratio of 33.30, a P/E/G ratio of 3.12 and a beta of 1.36. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $307.71. 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 (NYSE:ROK) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm earned $3.64 earnings per share. The firm’s quarterly revenue was down 20.6% compared to the same quarter last year. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 9.37 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $1.31 dividend. The ex-dividend date was Monday, November 18th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.90%. Rockwell Automation’s dividend payout ratio is 63.29%.

Analyst Upgrades and Downgrades

ROK has been the topic of several research reports. 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 report on Thursday, December 12th. Robert W. Baird boosted their price target on Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Citigroup upped their price target on Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company lifted their price objective on Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, UBS Group started coverage on Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $300.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Prospera Financial Services Inc grew its position in shares of Rockwell Automation by 0.9% in the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after purchasing an additional 37 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in shares of Rockwell Automation by 2.2% in the third quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock valued at $518,000 after buying an additional 42 shares during the period. Second Line Capital LLC increased its position in shares of Rockwell Automation by 5.1% during the second quarter. Second Line Capital LLC now owns 963 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 47 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 48 shares during the period. Finally, Moran Wealth Management LLC lifted its position in Rockwell Automation by 2.1% in the 3rd quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Company Profile

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.