Shares of Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $316.22 and last traded at $312.01, with a volume of 1520895 shares trading hands. The stock had previously closed at $314.93.
Analyst Ratings Changes
A number of research analysts have weighed in on ROK shares. JPMorgan Chase & Co. boosted their price objective on shares of Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Citigroup increased their price target on Rockwell Automation from $283.00 to $327.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays upgraded 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 research note on Friday. Finally, The Goldman Sachs Group boosted their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $313.89.
View Our Latest Stock Analysis on ROK
Rockwell Automation Stock Down 0.1%
The business has a 50 day moving average of $265.83 and a two-hundred day moving average of $277.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The stock has a market capitalization of $35.71 billion, a PE ratio of 39.46, a PEG ratio of 3.53 and a beta of 1.38.
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 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 business's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 EPS. Analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.
Rockwell Automation Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.99%.
Insider Buying and Selling at Rockwell Automation
In related news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the transaction, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew W. Fordenwalt sold 450 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $315.02, for a total value of $141,759.00. Following the completion of the transaction, the senior vice president now directly owns 2,838 shares of the company's stock, valued at approximately $894,026.76. This trade represents a 13.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,682 shares of company stock worth $1,410,771. 0.68% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Rockwell Automation
A number of hedge funds and other institutional investors have recently made changes to their positions in ROK. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Rockwell Automation by 0.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock worth $1,079,000 after acquiring an additional 33 shares during the period. Whittier Trust Co. increased its stake in shares of Rockwell Automation by 1.9% in the 4th 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 holdings in Rockwell Automation by 0.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after purchasing an additional 38 shares during the period. Lake Street Advisors Group LLC raised its holdings in Rockwell Automation by 3.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock worth $386,000 after purchasing an additional 39 shares during the period. Finally, Knuff & Co LLC raised its holdings in Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.
About Rockwell Automation
(
Get Free Report)
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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