Scott Genereux Sells 500 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Monday, March 3rd. The shares were 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 of the company’s stock, valued at $552,716.70. This represents 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 at this link.

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 shares were sold at an average price of $296.13, for a total value of $82,620.27.

Rockwell Automation Trading Down 3.9 %

NYSE ROK opened at $267.88 on Wednesday. The business’s 50-day moving average price is $285.34 and its two-hundred day moving average price is $278.73. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The firm has a market capitalization of $30.29 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 3.53 and a beta of 1.35. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its quarterly 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 return on equity of 30.17% and a net margin of 11.38%. On average, analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a $1.31 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.96%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

Institutional Investors Weigh In On Rockwell Automation

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Rockwell Automation by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock valued at $3,965,774,000 after buying an additional 81,079 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Rockwell Automation by 6.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock valued at $2,033,476,000 after purchasing an additional 432,934 shares in the last quarter. State Street Corp boosted its position in shares of Rockwell Automation by 0.3% during the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after purchasing an additional 11,949 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Rockwell Automation by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company’s stock valued at $779,426,000 after purchasing an additional 51,228 shares in the last quarter. Finally, Amundi boosted its position in shares of Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after purchasing an additional 430,498 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the subject of several analyst reports. The Goldman Sachs Group lifted their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. UBS Group began coverage on Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price target for the company. Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target for the company in a report on Wednesday, December 11th. Finally, Citigroup boosted their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $307.55.

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.