Insider Selling: Rockwell Automation, Inc. (ROK) VP Sells $98,045.50 in Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Steven W. Etzel sold 514 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.75, for a total transaction of $98,045.50. Following the transaction, the vice president now owns 7,737 shares of the company’s stock, valued at approximately $1,475,832.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rockwell Automation, Inc. (NYSE ROK) traded up $2.91 during trading on Thursday, reaching $190.59. 1,156,700 shares of the company were exchanged, compared to its average volume of 879,440. The stock has a market capitalization of $24,117.42, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a 52 week low of $133.61 and a 52 week high of $210.72.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a dividend of $0.835 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.34 dividend on an annualized basis and a yield of 1.75%. Rockwell Automation’s dividend payout ratio is presently 52.68%.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Rockwell Automation by 7.5% in 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 acquiring an additional 679,645 shares during the period. Vanguard Group Inc. raised its stake in shares of Rockwell Automation by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock valued at $1,420,278,000 after acquiring an additional 268,101 shares during the period. Lazard Asset Management LLC raised its stake in shares of Rockwell Automation by 0.5% in the second quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock valued at $373,861,000 after acquiring an additional 11,384 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Rockwell Automation by 47.2% in the third quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock valued at $277,788,000 after acquiring an additional 499,745 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Rockwell Automation by 12.8% in the third quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after acquiring an additional 171,598 shares during the period. 73.04% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on ROK shares. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Cowen restated a “hold” rating and set a $140.00 target price on shares of Rockwell Automation in a research report on Sunday, September 17th. ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Credit Suisse Group restated a “neutral” rating and set a $174.00 target price (up previously from $154.00) on shares of Rockwell Automation in a research report on Wednesday, October 11th. Finally, lowered shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average 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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