Rockwell Automation (NYSE:ROK) SVP Ernest Nicolas Sells 121 Shares

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Rockwell Automation (NYSE:ROK) SVP Ernest Nicolas sold 121 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $199.02, for a total transaction of $24,081.42. Following the completion of the transaction, the senior vice president now directly owns 5,618 shares of the company’s stock, valued at approximately $1,118,094.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rockwell Automation stock opened at $199.75 on Wednesday. The company has a debt-to-equity ratio of 4.84, a current ratio of 1.54 and a quick ratio of 1.24. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $207.11. The firm has a market capitalization of $22.97 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.72 and a beta of 1.45. The company’s 50-day moving average is $188.33 and its 200 day moving average is $165.85.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.09. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts anticipate that Rockwell Automation will post 8.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.04%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, November 8th. Rockwell Automation’s dividend payout ratio is presently 47.06%.

Several research analysts recently commented on the company. Gordon Haskett lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. HSBC downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Longbow Research reaffirmed a “hold” rating on shares of Rockwell Automation in a research note on Tuesday, September 17th. Credit Suisse Group upgraded Rockwell Automation from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $161.00 to $191.00 in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their target price on Rockwell Automation from $146.00 to $151.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $186.42.

Several hedge funds have recently modified their holdings of ROK. Coastal Capital Group Inc. bought a new position in Rockwell Automation in the 2nd quarter valued at $25,000. Griffin Asset Management Inc. purchased a new stake in Rockwell Automation in the second quarter worth $26,000. Capital Advisors Ltd. LLC lifted its position in shares of Rockwell Automation by 426.5% during the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 145 shares during the last quarter. River & Mercantile Asset Management LLP bought a new stake in shares of Rockwell Automation during the second quarter worth $31,000. Finally, Shine Investment Advisory Services Inc. boosted its stake in shares of Rockwell Automation by 112.9% during the third quarter. Shine Investment Advisory Services Inc. now owns 198 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 105 shares during the period. 73.86% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Mutual funds are not immune from market timing

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