Rockwell Automation (NYSE:ROK) SVP Sells $499,494.80 in Stock

Key Points

• Cyril Perducat, the Senior Vice President of Rockwell Automation, sold 1,435 shares of the company's stock on August 29th for approximately $499,494.80, reflecting a 27.48% decrease in their ownership.
• Rockwell Automation announced a quarterly dividend of $1.31 per share, set to be paid on September 10th, which results in an annualized yield of 1.6%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Rockwell Automation, with the average price target set at $340.16.

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) SVP Cyril Perducat sold 1,435 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the transaction, the senior vice president owned 3,787 shares of the company's stock, valued at $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rockwell Automation Stock Down 0.8%

Shares of NYSE:ROK traded down $2.61 on Friday, hitting $339.26. 539,564 shares of the company traded hands, compared to its average volume of 831,771. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $345.38 and a 200-day simple moving average of $302.21. The company has a market cap of $38.14 billion, a PE ratio of 39.82, a PEG ratio of 3.52 and a beta of 1.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $2.71 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, August 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.5%. Rockwell Automation's dividend payout ratio (DPR) is presently 61.50%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ROK shares. Citigroup restated a "buy" rating and set a $392.00 price target (up from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Wells Fargo & Company set a $345.00 price objective on Rockwell Automation and gave the stock an "equal weight" rating in a report on Friday, August 8th. TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price objective for the company in a report on Friday, May 9th. KeyCorp lifted their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Loop Capital lifted their price objective on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $340.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Citizens National Bank Trust Department purchased a new position in Rockwell Automation in the first quarter worth about $26,000. Financial Gravity Asset Management Inc. purchased a new position in Rockwell Automation in the first quarter worth about $31,000. IMA Advisory Services Inc. purchased a new position in Rockwell Automation in the first quarter worth about $32,000. Rexford Capital Inc. purchased a new position in Rockwell Automation in the second quarter worth about $33,000. Finally, Cooksen Wealth LLC purchased a new position in Rockwell Automation in the first quarter worth about $34,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

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.