Rockwell Automation (NYSE:ROK) VP Sells $35,551.48 in Stock

Key Points

• Rockwell Automation VP Isaac Woods sold 103 shares of stock, valued at $35,551.48, reducing his total holdings to 1,912 shares worth approximately $659,945.92.
• The company recently announced a quarterly dividend of $1.31 per share, indicating an annualized dividend yield of 1.5%.
• Rockwell Automation's stock price rose 1.4% to $344.45 on the day of the report, while the stock currently holds a market cap of $38.73 billion.

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) VP Isaac Woods sold 103 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $345.16, for a total value of $35,551.48. Following the sale, the vice president owned 1,912 shares in the company, valued at $659,945.92. The trade was a 5.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Isaac Woods also recently made the following trade(s):

• On Friday, August 29th, Isaac Woods sold 365 shares of Rockwell Automation stock. The shares were sold at an average price of $348.44, for a total value of $127,180.60.

Rockwell Automation Stock Up 1.4%

Shares of NYSE:ROK traded up $4.69 during trading on Monday, hitting $344.45. 1,194,978 shares of the company were exchanged, compared to its average volume of 815,013. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The stock has a market cap of $38.73 billion, a price-to-earnings ratio of 40.43, a P/E/G ratio of 3.50 and a beta of 1.41. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $345.38 and a two-hundred day moving average price of $302.23.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.07 billion. During the same period last year, the business earned $2.71 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 1.5%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's dividend payout ratio is presently 61.50%.

Institutional Investors Weigh In On Rockwell Automation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citizens National Bank Trust Department bought a new position in Rockwell Automation during the 1st quarter worth $26,000. Rexford Capital Inc. acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth $33,000. SBI Securities Co. Ltd. increased its position in shares of Rockwell Automation by 48.7% in the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company's stock worth $39,000 after purchasing an additional 38 shares during the period. Legend Financial Advisors Inc. acquired a new position in Rockwell Automation in the second quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in Rockwell Automation in the first quarter valued at about $31,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROK has been the subject of a number of research analyst reports. Bank of America upgraded Rockwell Automation from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised their price objective on 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 set a $345.00 target price on Rockwell Automation and gave the stock an "equal weight" rating in a report on Friday, August 8th. Stephens restated an "overweight" rating and issued a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Finally, Loop Capital raised their price target on Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $340.16.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.