Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley purchased 125 shares of the stock in a transaction that occurred on Sunday, February 5th. The stock was purchased at an average price of $98.79 per share, with a total value of $12,348.75. Following the acquisition, the director now directly owns 5,421 shares of the company’s stock, valued at approximately $535,540.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Rockwell Automation, Inc. (NYSE ROK) opened at $190.78 on Tuesday. The stock has a market cap of $24,474.66, a PE ratio of 28.22, a PEG ratio of 2.14 and a beta of 1.23. Rockwell Automation, Inc. has a 12 month low of $133.61 and a 12 month high of $210.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share. research analysts predict that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC increased its holdings in shares of Rockwell Automation by 166.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Rockwell Automation in the 3rd quarter valued at approximately $131,000. Rockefeller Financial Services Inc. acquired a new stake in Rockwell Automation in the 3rd quarter valued at approximately $143,000. Sun Life Financial INC increased its holdings in Rockwell Automation by 8,490.9% in the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 934 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Rockwell Automation in the 3rd quarter valued at approximately $186,000. Institutional investors own 73.04% of the company’s stock.
A number of brokerages recently issued reports on ROK. ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday. Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Morgan Stanley restated an “equal weight” rating and set a $173.00 target price (up previously from $168.00) on shares of Rockwell Automation in a report on Monday, October 2nd. J P Morgan Chase & Co assumed coverage on Rockwell Automation in a report on Wednesday, November 29th. They set a “neutral” rating for the company. Finally, Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 target price for the company in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $165.00.
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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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