Lawrence D. Kingsley Sells 275 Shares of Rockwell Automation, Inc. (ROK) Stock
Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley sold 275 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $166.24, for a total transaction of $45,716.00. Following the completion of the sale, the director now owns 5,421 shares of the company’s stock, valued at approximately $901,187.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Rockwell Automation, Inc. (ROK) opened at $187.68 on Wednesday. Rockwell Automation, Inc. has a one year low of $133.61 and a one year high of $210.72. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock has a market cap of $24,515.78, a P/E ratio of 28.26, a PEG ratio of 2.14 and a beta of 1.23.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm posted $1.52 EPS. The business’s revenue was up 8.4% on a year-over-year basis. sell-side analysts forecast that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.835 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.78%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio (DPR) is currently 52.68%.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Rockwell Automation by 7.5% in the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after purchasing an additional 679,645 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Rockwell Automation by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock valued at $1,420,278,000 after purchasing an additional 268,101 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Rockwell Automation by 0.5% in the second quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock valued at $373,861,000 after purchasing an additional 11,384 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Rockwell Automation by 47.2% in the third quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock valued at $277,788,000 after purchasing an additional 499,745 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Rockwell Automation by 12.8% in the third quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after purchasing an additional 171,598 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have commented on the stock. cut shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. J P Morgan Chase & Co assumed coverage on shares of Rockwell Automation in a research note on Wednesday, November 29th. They set a “neutral” rating for the company. Wolfe Research upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a research note on Monday, November 20th. Finally, Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $165.00.
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About Rockwell Automation
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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