Rockwell Automation, Inc. (NYSE:ROK) VP Sells $760,325.00 in Stock

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) VP Terry L. Riesterer sold 2,500 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the completion of the sale, the vice president now owns 1,033 shares of the company's stock, valued at approximately $314,166.29. The trade was a 70.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Rockwell Automation Stock Up 1.7%

ROK stock traded up $4.99 during trading hours on Monday, reaching $299.79. 1,867,643 shares of the stock were exchanged, compared to its average volume of 873,451. The firm's 50-day moving average is $251.89 and its 200-day moving average is $273.81. The company has a market cap of $33.90 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 3.53 and a beta of 1.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick 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 results 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 return on equity of 30.17% and a net margin of 11.38%. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter last year, the company posted $2.50 earnings per share. Rockwell Automation's quarterly revenue was down 5.9% on a year-over-year basis. On average, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.75%. Rockwell Automation's payout ratio is 65.99%.

Wall Street Analyst Weigh In

ROK has been the topic of several research reports. Robert W. Baird increased their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Barclays lifted their target price on Rockwell Automation from $260.00 to $283.00 and gave the company an "equal weight" rating in a research note on Thursday. BNP Paribas upgraded Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. KeyCorp boosted their target price on Rockwell Automation from $275.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, 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 research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $308.37.

Institutional Investors Weigh In On Rockwell Automation

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. raised its position in Rockwell Automation by 0.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock valued at $1,079,000 after purchasing an additional 33 shares in the last quarter. Whittier Trust Co. raised its position in Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock valued at $542,000 after purchasing an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after purchasing an additional 38 shares in the last quarter. Lake Street Advisors Group LLC raised its position in Rockwell Automation by 3.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 39 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its stake in shares of Rockwell Automation by 3.8% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock worth $309,000 after buying an additional 40 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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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