Rockwell Automation, Inc. (NYSE:ROK) SVP Matthew W. Fordenwalt Sells 289 Shares

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) SVP Matthew W. Fordenwalt sold 289 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $326.33, for a total transaction of $94,309.37. Following the transaction, the senior vice president now owns 3,196 shares of the company's stock, valued at approximately $1,042,950.68. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rockwell Automation Trading Down 0.1%

Shares of ROK traded down $0.17 during trading on Wednesday, reaching $325.06. 724,696 shares of the company traded hands, compared to its average volume of 883,628. The stock has a 50-day simple moving average of $275.52 and a 200-day simple moving average of $279.56. The stock has a market cap of $36.64 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 3.53 and a beta of 1.38. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $328.90. 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 posted its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.36. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 EPS. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

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

Hedge Funds Weigh In On Rockwell Automation

Hedge funds have recently bought and sold shares of the company. Citizens National Bank Trust Department purchased a new stake in Rockwell Automation during the first quarter worth about $26,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Rockwell Automation in the first quarter valued at approximately $31,000. IMA Advisory Services Inc. acquired a new position in shares of Rockwell Automation in the first quarter valued at approximately $32,000. Bank of Jackson Hole Trust acquired a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $34,000. Finally, Cooksen Wealth LLC purchased a new stake in Rockwell Automation during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ROK shares. Loop Capital increased their price target on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Morgan Stanley increased their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Robert W. Baird increased their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Finally, Citigroup boosted their price objective on Rockwell Automation from $327.00 to $371.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $316.21.

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.