Matheus De A. G. Viera Bulho Sells 939 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) SVP Matheus De A. G. Viera Bulho sold 939 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $304.24, for a total value of $285,681.36. Following the completion of the sale, the senior vice president now directly owns 983 shares of the company's stock, valued at approximately $299,067.92. The trade was a 48.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Rockwell Automation Stock Up 1.7%

Shares of NYSE:ROK traded up $4.99 during mid-day trading on Monday, hitting $299.79. 1,867,643 shares of the company traded hands, compared to its average volume of 873,451. The stock has a market cap of $33.90 billion, a P/E ratio of 37.33, a P/E/G ratio of 3.53 and a beta of 1.32. The stock has a 50-day moving average price of $251.89 and a two-hundred day moving average price of $273.81. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.36. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 EPS. On average, equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is currently 65.99%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. TD Cowen raised Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price for the company in a research report on Friday. The Goldman Sachs Group increased their price objective on Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Stephens upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. KeyCorp raised their target price on Rockwell Automation from $275.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Morgan Stanley lifted their price objective on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $308.37.

Institutional Investors Weigh In On Rockwell Automation

Several institutional investors and hedge funds have recently bought and sold shares of ROK. Principal Financial Group Inc. increased its position in Rockwell Automation by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 204,679 shares of the industrial products company's stock valued at $54,948,000 after buying an additional 11,161 shares in the last quarter. Graypoint LLC boosted its stake in shares of Rockwell Automation by 9.5% in the 4th quarter. Graypoint LLC now owns 920 shares of the industrial products company's stock worth $263,000 after buying an additional 80 shares during the last quarter. Czech National Bank boosted its stake in shares of Rockwell Automation by 5.9% in the 4th quarter. Czech National Bank now owns 24,479 shares of the industrial products company's stock worth $6,996,000 after buying an additional 1,365 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Rockwell Automation by 7.1% in the 4th quarter. Brookstone Capital Management now owns 1,074 shares of the industrial products company's stock worth $307,000 after buying an additional 71 shares during the last quarter. Finally, Agate Pass Investment Management LLC purchased a new position in shares of Rockwell Automation in the 4th quarter worth $773,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

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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