Rockwell Automation (NYSE:ROK) VP Rebecca W. House sold 895 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $202.70, for a total transaction of $181,416.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
ROK stock opened at $203.83 on Wednesday. The stock has a market capitalization of $23.41 billion, a P/E ratio of 23.51, a PEG ratio of 2.74 and a beta of 1.44. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.24 and a current ratio of 1.54. Rockwell Automation has a one year low of $143.91 and a one year high of $207.11. The company has a 50 day moving average price of $200.33 and a two-hundred day moving average price of $172.59.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.09. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company posted $2.11 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts forecast that Rockwell Automation will post 8.93 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a $1.02 dividend. The ex-dividend date was Friday, November 8th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.97. Rockwell Automation’s payout ratio is currently 47.06%.
A number of equities research analysts recently issued reports on the company. Citigroup reaffirmed a “neutral” rating and issued a $208.00 target price (up previously from $174.00) on shares of Rockwell Automation in a research note on Wednesday, November 13th. HSBC downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Zacks Investment Research raised Rockwell Automation from a “sell” rating to a “hold” rating and set a $209.00 price target for the company in a report on Thursday, November 14th. Longbow Research restated a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Finally, Barclays upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and an average price target of $187.67.
A number of institutional investors have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. acquired a new stake in Rockwell Automation in the 2nd quarter worth about $26,000. River & Mercantile Asset Management LLP acquired a new position in shares of Rockwell Automation during the 2nd quarter valued at about $31,000. Shine Investment Advisory Services Inc. increased its stake in shares of Rockwell Automation by 112.9% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 198 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 105 shares during the last quarter. CSat Investment Advisory L.P. increased its stake in shares of Rockwell Automation by 281.3% during the 2nd quarter. CSat Investment Advisory L.P. now owns 305 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 225 shares during the last quarter. Finally, Thor Advisors LLC purchased a new position in shares of Rockwell Automation during the 3rd quarter worth about $52,000. Hedge funds and other institutional investors own 73.68% of the company’s stock.
About Rockwell Automation
Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.
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