Insider Selling: Rockwell Automation, Inc. (ROK) CEO Sells $1,012,691.75 in Stock

Rockwell Automation, Inc. (NYSE:ROK) CEO Blake D. Moret sold 5,309 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the completion of the transaction, the chief executive officer now owns 30,720 shares of the company’s stock, valued at approximately $5,859,840. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Rockwell Automation, Inc. (NYSE:ROK) opened at $190.59 on Thursday. Rockwell Automation, Inc. has a 12-month low of $133.61 and a 12-month high of $210.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06. The firm has a market cap of $24,515.78, a PE ratio of 28.26, a PEG ratio of 2.14 and a beta of 1.23.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $1.52 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts expect that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.835 per share. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, November 10th. This represents a $3.34 annualized dividend and a dividend yield of 1.75%. Rockwell Automation’s dividend payout ratio (DPR) is 52.68%.

Several large investors have recently bought and sold shares of ROK. Old Mutual Global Investors UK Ltd. bought a new position in shares of Rockwell Automation during the 2nd quarter valued at about $126,891,000. Ameriprise Financial Inc. lifted its stake in Rockwell Automation by 277.7% during the second quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after buying an additional 778,633 shares in the last quarter. BlackRock Inc. lifted its stake in Rockwell Automation by 7.5% during the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after buying an additional 679,645 shares in the last quarter. Voya Investment Management LLC lifted its stake in Rockwell Automation by 741.5% during the second quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock valued at $112,712,000 after buying an additional 613,225 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Rockwell Automation by 37.9% during the second quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock valued at $187,224,000 after buying an additional 317,777 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. lowered shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. ValuEngine lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $173.00 target price (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $165.00.

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About Rockwell Automation

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

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