Rockwell Automation (NYSE:ROK) insider Theodore D. Crandall sold 3,563 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $156.19, for a total value of $556,504.97. Following the completion of the sale, the insider now owns 99,326 shares of the company’s stock, valued at approximately $15,513,727.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Rockwell Automation (NYSE:ROK) traded up 2.04% on Friday, reaching $157.36. The company’s stock had a trading volume of 856,482 shares. Rockwell Automation has a 12-month low of $107.17 and a 12-month high of $165.00. The stock has a market cap of $20.27 billion, a PE ratio of 26.27 and a beta of 1.07. The firm has a 50 day moving average price of $155.36 and a 200-day moving average price of $145.69.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.15. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Rockwell Automation had a return on equity of 38.57% and a net margin of 12.77%. Rockwell Automation’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS. Equities research analysts expect that Rockwell Automation will post $6.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 15th will be issued a $0.76 dividend. The ex-dividend date is Thursday, May 11th. This represents a $3.04 annualized dividend and a yield of 1.93%. Rockwell Automation’s dividend payout ratio (DPR) is presently 52.23%.
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A number of equities analysts recently commented on ROK shares. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a report on Friday, January 27th. Berenberg Bank restated a “sell” rating and set a $125.00 target price on shares of Rockwell Automation in a report on Wednesday, February 22nd. Buckingham Research upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and set a $162.00 target price for the company in a report on Friday, January 20th. Credit Suisse Group AG reiterated a “hold” rating and issued a $155.00 price objective on shares of Rockwell Automation in a report on Thursday, April 27th. Finally, Stifel Nicolaus increased their price objective on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $141.50.
A number of hedge funds and other institutional investors have recently modified their holdings of ROK. Jacobus Wealth Management Inc. acquired a new position in shares of Rockwell Automation during the first quarter valued at $104,000. First Command Bank acquired a new position in shares of Rockwell Automation during the fourth quarter valued at $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares during the period. TLP Group LLC acquired a new position in shares of Rockwell Automation during the third quarter valued at $138,000. Finally, SRB Corp increased its position in shares of Rockwell Automation by 5.0% in the third quarter. SRB Corp now owns 1,327 shares of the industrial products company’s stock valued at $162,000 after buying an additional 63 shares during the period. Institutional investors own 72.56% of the company’s stock.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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