Rockwell Automation, Inc. (NYSE:ROK) SVP Matthew W. Fordenwalt Sells 450 Shares

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) SVP Matthew W. Fordenwalt sold 450 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $315.02, for a total transaction of $141,759.00. Following the completion of the sale, the senior vice president now owns 2,838 shares in the company, valued at $894,026.76. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock traded down $0.44 during mid-day trading on Tuesday, reaching $316.84. 1,032,225 shares of the stock were exchanged, compared to its average volume of 875,380. The company has a market cap of $35.71 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 3.53 and a beta of 1.38. 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 firm has a 50-day simple moving average of $265.83 and a 200 day simple moving average of $277.56. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $320.59.

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

Rockwell Automation Announces Dividend

The business 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 dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is currently 65.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $283.00 to $350.00 in a research report on Friday. The Goldman Sachs Group boosted their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Morgan Stanley raised their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. KeyCorp upped their price objective on shares of Rockwell Automation from $275.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, TD Cowen raised shares of 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $313.89.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of Rockwell Automation by 181.6% in the 4th quarter. Blue Trust Inc. now owns 2,095 shares of the industrial products company's stock valued at $562,000 after purchasing an additional 1,351 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Rockwell Automation by 39.1% in the 4th quarter. Teacher Retirement System of Texas now owns 1,063 shares of the industrial products company's stock valued at $304,000 after purchasing an additional 299 shares during the last quarter. Ninety One North America Inc. boosted its stake in shares of Rockwell Automation by 3.8% in the 4th quarter. Ninety One North America Inc. now owns 34,632 shares of the industrial products company's stock valued at $9,897,000 after purchasing an additional 1,265 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Rockwell Automation in the 4th quarter valued at about $1,968,000. Finally, Brighton Jones LLC bought a new position in shares of Rockwell Automation in the 4th quarter valued at about $281,000. Institutional investors own 75.75% of the company's stock.

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.