Rockwell Automation, Inc. (NYSE:ROK) VP Sells $96,914.07 in Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 297 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $326.31, for a total value of $96,914.07. Following the sale, the vice president now owns 1,691 shares in the company, valued at approximately $551,790.21. The trade was a 14.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $324.79 on Friday. The business has a 50 day simple moving average of $277.47 and a two-hundred day simple moving average of $279.73. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $328.90. The stock has a market capitalization of $36.61 billion, a P/E ratio of 40.45, a PEG ratio of 3.53 and a beta of 1.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the firm earned $2.50 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. As a group, analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation’s payout ratio is 65.99%.

Institutional Investors Weigh In On Rockwell Automation

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Rockwell Automation by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock worth $3,965,774,000 after buying an additional 81,079 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Rockwell Automation by 6.5% in the fourth 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. Geode Capital Management LLC lifted its position in Rockwell Automation by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company’s stock worth $779,426,000 after buying an additional 51,228 shares in the last quarter. Amundi lifted its position in Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after buying an additional 430,498 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after buying an additional 191,370 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ROK shares. Citigroup boosted their price objective on Rockwell Automation from $327.00 to $371.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Oppenheimer boosted their price objective on Rockwell Automation from $258.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. KeyCorp boosted their price objective on Rockwell Automation from $275.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Barclays upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $283.00 to $350.00 in a research report on Friday, May 30th. Finally, TD Cowen upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price target on the stock in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $316.21.

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.