Insider Selling: Rockwell Automation (NYSE:ROK) SVP Sells 4,545 Shares of Stock

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Rockwell Automation (NYSE:ROK) SVP Frank C. Kulaszewicz sold 4,545 shares of Rockwell Automation stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $216.97, for a total transaction of $986,128.65. Following the completion of the transaction, the senior vice president now owns 23,254 shares of the company’s stock, valued at $5,045,420.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Rockwell Automation stock opened at $218.14 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $25.49 billion, a PE ratio of 33.10, a P/E/G ratio of 5.04 and a beta of 1.50. The firm has a fifty day simple moving average of $214.27 and a two-hundred day simple moving average of $193.19. Rockwell Automation has a twelve month low of $115.38 and a twelve month high of $230.93.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.14. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Rockwell Automation had a net margin of 11.85% and a return on equity of 105.45%. The firm’s revenue for the quarter was down 16.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.40 earnings per share. As a group, equities analysts expect that Rockwell Automation will post 7.5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, August 14th. Rockwell Automation’s dividend payout ratio is presently 47.06%.

A number of institutional investors have recently bought and sold shares of ROK. Meeder Asset Management Inc. lifted its stake in Rockwell Automation by 67.6% in the first quarter. Meeder Asset Management Inc. now owns 176 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. OmniStar Financial Group Inc. purchased a new position in shares of Rockwell Automation in the first quarter valued at about $29,000. Citizens Financial Group Inc RI increased its position in shares of Rockwell Automation by 68.4% in the first quarter. Citizens Financial Group Inc RI now owns 192 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 78 shares during the period. Asset Dedication LLC increased its position in shares of Rockwell Automation by 117.4% in the first quarter. Asset Dedication LLC now owns 200 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 108 shares during the period. Finally, CVA Family Office LLC purchased a new position in shares of Rockwell Automation in the first quarter valued at about $30,000. 77.35% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on ROK shares. Oppenheimer lifted their price objective on shares of Rockwell Automation from $182.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Gabelli lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Bank of America upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Tuesday, May 26th. Robert W. Baird raised their price target on shares of Rockwell Automation from $134.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, G.Research downgraded shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Thursday, April 30th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $202.59.

Rockwell Automation Company Profile

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: How are Outstanding Shares Different from Authorized Shares?

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

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