Insider Selling: Rockwell Automation, Inc. (NYSE:ROK) SVP Sells 363 Shares of Stock

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) SVP Tessa M. Myers sold 363 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.32, for a total transaction of $118,454.16. Following the completion of the sale, the senior vice president now directly owns 4,063 shares of the company's stock, valued at $1,325,838.16. The trade was a 8.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Rockwell Automation Stock Performance

Rockwell Automation stock traded down $0.17 during mid-day trading on Wednesday, hitting $325.06. 724,696 shares of the company's stock traded hands, compared to its average volume of 883,628. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $328.90. The firm has a 50 day moving average price of $275.52 and a 200 day moving average price of $279.56. The company has a market cap of $36.64 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 3.53 and a beta of 1.38.

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

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were paid a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, May 19th. Rockwell Automation's payout ratio is currently 65.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ROK shares. Barclays upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $283.00 to $350.00 in a research note on Friday, May 30th. BNP Paribas upgraded shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Robert W. Baird lifted their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. KeyCorp upped their price objective on Rockwell Automation from $275.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley lifted their target price on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $316.21.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Rockwell Automation in the 4th quarter worth $281,000. Apollon Wealth Management LLC raised its position in Rockwell Automation by 17.4% during the fourth quarter. Apollon Wealth Management LLC now owns 3,613 shares of the industrial products company's stock valued at $1,032,000 after acquiring an additional 535 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of 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 worth $541,000 after acquiring an additional 163 shares in the last quarter. Stephens Inc. AR lifted its position in Rockwell Automation by 2.1% during the 4th quarter. Stephens Inc. AR now owns 25,473 shares of the industrial products company's stock worth $7,280,000 after acquiring an additional 530 shares during the last quarter. Finally, Savant Capital LLC boosted its position in shares of Rockwell Automation by 119.7% in the fourth quarter. Savant Capital LLC now owns 6,631 shares of the industrial products company's stock valued at $1,895,000 after acquiring an additional 3,613 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

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.