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

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) VP Isaac Woods sold 297 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.31, for a total transaction of $96,914.07. Following the sale, the vice president now directly owns 1,691 shares in the company, valued at $551,790.21. The trade was a 14.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rockwell Automation Price Performance

ROK stock traded down $0.17 during mid-day trading on Wednesday, hitting $325.06. The company had a trading volume of 724,696 shares, compared to its average volume of 883,628. The company has a 50-day moving average price of $275.52 and a 200 day moving average price of $279.56. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $328.90. The company has a market capitalization of $36.64 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 3.53 and a beta of 1.38. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly 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 company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the company earned $2.50 earnings per share. The firm's revenue was down 5.9% on a year-over-year basis. On average, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.99%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ROK shares. JPMorgan Chase & Co. increased their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $283.00 to $350.00 in a research note on Friday, May 30th. Robert W. Baird upped their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Morgan Stanley raised their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, TD Cowen raised 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Rockwell Automation has an average rating of "Moderate Buy" and a consensus target price of $316.21.

Institutional Trading of Rockwell Automation

Hedge funds have recently made changes to their positions in the business. Citizens National Bank Trust Department bought a new stake in shares of Rockwell Automation in the 1st quarter worth about $26,000. Financial Gravity Asset Management Inc. bought a new position in shares of Rockwell Automation during the first quarter valued at approximately $31,000. IMA Advisory Services Inc. purchased a new stake in shares of Rockwell Automation in the first quarter worth approximately $32,000. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $34,000. Finally, Cooksen Wealth LLC purchased a new position in Rockwell Automation during the 1st quarter valued at $34,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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.