Rockwell Automation, Inc. (NYSE:ROK) SVP Matheus De A. G. Viera Bulho Sells 526 Shares

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) SVP Matheus De A. G. Viera Bulho sold 526 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total value of $171,134.10. Following the transaction, the senior vice president now owns 983 shares of the company's stock, valued at approximately $319,819.05. This trade represents a 34.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Rockwell Automation Price Performance

Shares of NYSE ROK traded down $4.21 during midday trading on Friday, hitting $320.93. 139,260 shares of the company's stock were exchanged, compared to its average volume of 949,122. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The business's fifty day moving average price is $277.47 and its two-hundred day moving average price is $279.73. The company has a market cap of $36.17 billion, a price-to-earnings ratio of 40.01, a PEG ratio of 3.53 and a beta of 1.38. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $328.90.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.36. The firm had revenue of $2 billion during the quarter, compared to analyst estimates 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 was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.50 earnings per share. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, August 18th. Rockwell Automation's payout ratio is 65.99%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter worth about $281,000. Apollon Wealth Management LLC boosted its stake in Rockwell Automation by 17.4% in the 4th quarter. Apollon Wealth Management LLC now owns 3,613 shares of the industrial products company's stock worth $1,032,000 after purchasing an additional 535 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in Rockwell Automation by 9.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,893 shares of the industrial products company's stock valued at $541,000 after buying an additional 163 shares in the last quarter. Savant Capital LLC raised its position in shares of Rockwell Automation by 119.7% during the fourth quarter. Savant Capital LLC now owns 6,631 shares of the industrial products company's stock valued at $1,895,000 after buying an additional 3,613 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in shares of Rockwell Automation by 4.9% in the fourth quarter. Focus Financial Network Inc. now owns 1,967 shares of the industrial products company's stock worth $562,000 after buying an additional 91 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROK has been the subject of several recent research reports. Barclays upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $283.00 to $350.00 in a report on Friday, May 30th. Citigroup increased their price objective on shares of Rockwell Automation from $327.00 to $371.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price on the stock in a report on Friday, May 9th. Oppenheimer boosted their price target on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $317.79.

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.