Isaac Woods Sells 365 Shares of Rockwell Automation (NYSE:ROK) Stock

Key Points

• Isaac Woods, Vice President of Rockwell Automation, sold 365 shares of the company's stock at an average price of $348.44, totaling $127,180.60, which represents a 17.75% decrease in his ownership.
• Rockwell Automation reported earnings of $2.82 per share for the recent quarter, exceeding analysts' estimates and indicating a 4.5% year-over-year revenue growth.
• The company has announced a quarterly dividend of $1.31 per share, with a yield of 1.6%, to be paid on September 10th to investors of record as of August 18th.

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) VP Isaac Woods sold 365 shares of Rockwell Automation stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the sale, the vice president directly owned 1,691 shares in the company, valued at $589,212.04. The trade was a 17.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Isaac Woods also recently made the following trade(s):

• On Monday, June 9th, Isaac Woods sold 297 shares of Rockwell Automation stock. The stock was sold at an average price of $326.31, for a total value of $96,914.07.

Rockwell Automation Trading Down 1.6%

Shares of Rockwell Automation stock traded down $5.62 during midday trading on Tuesday, reaching $337.81. The company had a trading volume of 1,076,705 shares, compared to its average volume of 1,039,685. The firm has a market cap of $37.98 billion, a PE ratio of 39.65, a P/E/G ratio of 3.53 and a beta of 1.41. The stock has a fifty day moving average price of $344.58 and a 200 day moving average price of $301.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92.

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

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 yield of 1.6%. Rockwell Automation's dividend payout ratio is 61.50%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at about $281,000. Bank Pictet & Cie Europe AG raised its holdings in shares of Rockwell Automation by 0.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after acquiring an additional 38 shares in the last quarter. AXA S.A. raised its holdings in shares of Rockwell Automation by 579.6% in the 4th quarter. AXA S.A. now owns 16,221 shares of the industrial products company's stock valued at $4,636,000 after acquiring an additional 13,834 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Rockwell Automation by 15.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,188 shares of the industrial products company's stock valued at $625,000 after acquiring an additional 288 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of Rockwell Automation by 22.0% in the 4th quarter. Ancora Advisors LLC now owns 7,674 shares of the industrial products company's stock valued at $2,193,000 after acquiring an additional 1,385 shares in the last quarter. Institutional investors own 75.75% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup reiterated a "buy" rating and set a $392.00 price target (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Loop Capital upped their price target on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target for the company in a report on Friday, May 9th. KeyCorp upped their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Barclays upped their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.16.

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.

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