Insider Buying: Rockwell Automation, Inc. (ROK) Director Purchases $36,416.05 in Stock

Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley purchased 365 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was purchased at an average cost of $99.77 per share, for a total transaction of $36,416.05. Following the completion of the acquisition, the director now directly owns 5,421 shares of the company’s stock, valued at approximately $540,853.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

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

Several equities analysts have issued reports on the stock. ValuEngine lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $173.00 price target (up from $168.00) on shares of Rockwell Automation in a report on Monday, October 2nd. J P Morgan Chase & Co assumed coverage on shares of Rockwell Automation in a report on Wednesday, November 29th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 price target on the stock in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $165.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AXA lifted its position in Rockwell Automation by 15.1% during the third quarter. AXA now owns 433,363 shares of the industrial products company’s stock valued at $77,229,000 after purchasing an additional 56,835 shares during the period. GSA Capital Partners LLP lifted its position in Rockwell Automation by 109.9% during the third quarter. GSA Capital Partners LLP now owns 6,296 shares of the industrial products company’s stock valued at $1,122,000 after purchasing an additional 3,296 shares during the period. Moors & Cabot Inc. lifted its position in Rockwell Automation by 12.7% during the third quarter. Moors & Cabot Inc. now owns 4,000 shares of the industrial products company’s stock valued at $714,000 after purchasing an additional 450 shares during the period. IFM Investors Pty Ltd acquired a new position in Rockwell Automation during the third quarter valued at $696,000. Finally, Neuberger Berman Group LLC lifted its position in Rockwell Automation by 2.9% during the third quarter. Neuberger Berman Group LLC now owns 550,396 shares of the industrial products company’s stock valued at $98,086,000 after purchasing an additional 15,635 shares during the period. Institutional investors own 73.04% of the company’s stock.

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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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