Rockwell Automation, Inc. (NYSE:ROK) SVP Matheus De A. G. Viera Bulho Sells 293 Shares

Rockwell Automation, Inc. (NYSE:ROK) SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total transaction of $75,500.24. Following the completion of the transaction, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rockwell Automation Price Performance

Shares of ROK opened at $217.28 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The stock has a market cap of $24.57 billion, a PE ratio of 27.06, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 12-month low of $215.29 and a 12-month high of $308.70. The business has a 50-day simple moving average of $271.23 and a two-hundred day simple moving average of $277.43.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Institutional Investors Weigh In On Rockwell Automation

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC raised its position in shares of Rockwell Automation by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 6,012 shares of the industrial products company’s stock worth $1,614,000 after acquiring an additional 149 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Rockwell Automation during the 3rd quarter valued at approximately $8,909,000. Royal London Asset Management Ltd. raised its holdings in Rockwell Automation by 3.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 47,115 shares of the industrial products company’s stock worth $12,648,000 after purchasing an additional 1,483 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Rockwell Automation by 66.0% during the 3rd quarter. Quantinno Capital Management LP now owns 2,137 shares of the industrial products company’s stock worth $574,000 after purchasing an additional 850 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $996,000. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Loop Capital increased their target price on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company upped their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird lifted their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Barclays decreased their target price on shares of Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Finally, Citigroup raised their price objective on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $301.68.

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.