Rockwell Automation, Inc. (ROK) Director Lawrence D. Kingsley Acquires 130 Shares
Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley purchased 130 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of $115.99 per share, with a total value of $15,078.70. Following the transaction, the director now directly owns 5,421 shares in the company, valued at $628,781.79. The purchase was disclosed in a filing with the SEC, which is available at this link.
Rockwell Automation, Inc. (ROK) opened at $190.78 on Tuesday. The firm has a market cap of $24,474.66, a price-to-earnings ratio of 28.22, a PEG ratio of 2.14 and a beta of 1.23. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a 52 week low of $133.61 and a 52 week high of $210.72.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.03). The firm 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%. Rockwell Automation’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 earnings per share. analysts anticipate that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a $0.835 dividend. The ex-dividend date is Friday, November 10th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 annualized dividend and a dividend yield of 1.75%. Rockwell Automation’s dividend payout ratio is 52.68%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Rockwell Automation by 7.5% in the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock worth $1,570,735,000 after acquiring an additional 679,645 shares during the period. Vanguard Group Inc. grew its position in Rockwell Automation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock valued at $1,420,278,000 after buying an additional 268,101 shares in the last quarter. Lazard Asset Management LLC grew its position in Rockwell Automation by 0.5% in the 2nd quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock valued at $373,861,000 after buying an additional 11,384 shares in the last quarter. Ameriprise Financial Inc. grew its position in Rockwell Automation by 47.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock valued at $277,788,000 after buying an additional 499,745 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Rockwell Automation by 12.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after buying an additional 171,598 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Several brokerages recently commented on ROK. ValuEngine lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday. J P Morgan Chase & Co started coverage on shares of Rockwell Automation in a research note on Wednesday, November 29th. They set a “neutral” rating on the stock. Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a research note on Monday, November 20th. Wolfe Research upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Finally, Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Rockwell Automation has an average rating of “Hold” and an average price target of $165.00.
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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