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.
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.
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