Rockwell Automation (NYSE:ROK) CFO Patrick P. Goris Sells 2,600 Shares

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Rockwell Automation (NYSE:ROK) CFO Patrick P. Goris sold 2,600 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $220.00, for a total transaction of $572,000.00. Following the transaction, the chief financial officer now directly owns 12,343 shares of the company’s stock, valued at $2,715,460. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

ROK stock opened at $218.14 on Friday. Rockwell Automation has a 52-week low of $115.38 and a 52-week high of $230.93. The company’s 50 day simple moving average is $214.27 and its 200-day simple moving average is $193.19. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.31 and a quick ratio of 1.21. The firm has a market capitalization of $25.49 billion, a P/E ratio of 33.10, a P/E/G ratio of 5.04 and a beta of 1.50.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.14. Rockwell Automation had a net margin of 11.85% and a return on equity of 105.45%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $2.40 earnings per share. The firm’s revenue was down 16.3% compared to the same quarter last year. Sell-side analysts predict that Rockwell Automation will post 7.5 EPS for the current fiscal year.

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

A number of research analysts have issued reports on the stock. Credit Suisse Group boosted their target price on shares of Rockwell Automation from $215.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird boosted their target price on shares of Rockwell Automation from $134.00 to $167.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Deutsche Bank boosted their target price on shares of Rockwell Automation from $165.00 to $212.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Barclays boosted their target price on shares of Rockwell Automation from $247.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Tuesday, May 26th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $202.59.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Rockwell Automation by 5.5% during the first quarter. BlackRock Inc. now owns 9,486,884 shares of the industrial products company’s stock valued at $1,431,668,000 after acquiring an additional 495,939 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Rockwell Automation by 30.4% during the first quarter. JPMorgan Chase & Co. now owns 2,220,020 shares of the industrial products company’s stock valued at $335,024,000 after acquiring an additional 516,986 shares during the period. Geode Capital Management LLC raised its holdings in shares of Rockwell Automation by 3.5% during the first quarter. Geode Capital Management LLC now owns 2,154,296 shares of the industrial products company’s stock valued at $324,865,000 after acquiring an additional 73,193 shares during the period. Wellington Management Group LLP increased its stake in Rockwell Automation by 169.2% in the 1st quarter. Wellington Management Group LLP now owns 2,078,665 shares of the industrial products company’s stock valued at $313,692,000 after buying an additional 1,306,643 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Rockwell Automation by 150.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,412,528 shares of the industrial products company’s stock valued at $213,165,000 after buying an additional 848,273 shares during the period. Institutional investors and hedge funds own 77.35% of the company’s stock.

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.

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