Rockwell Automation (ROK) Insider Theodore D. Crandall Sells 3,563 Shares

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.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

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.

12 Month Chart for NYSE:ROK

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