Rockwell Automation (NYSE:ROK) SVP Michael Laszkiewicz sold 263 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $159.38, for a total value of $41,916.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
ROK traded up $0.27 during trading on Tuesday, reaching $159.08. 876,527 shares of the company were exchanged, compared to its average volume of 903,247. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.27 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.23 and a current ratio of 1.59. Rockwell Automation has a 12-month low of $141.46 and a 12-month high of $198.23.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.07). The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company posted $1.89 EPS. On average, research analysts forecast that Rockwell Automation will post 8.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.88 dividend on an annualized basis and a yield of 2.44%. Rockwell Automation’s dividend payout ratio (DPR) is 47.84%.
A number of research analysts have recently commented on the company. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Barclays reaffirmed a “hold” rating and set a $164.00 price target on shares of Rockwell Automation in a research report on Thursday, June 6th. Gabelli raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Wednesday, May 29th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Rockwell Automation in a research report on Wednesday, April 10th. Finally, Morgan Stanley set a $159.00 price target on Rockwell Automation and gave the company a “sell” rating in a research report on Friday, April 26th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and an average target price of $173.67.
A number of institutional investors and hedge funds have recently modified their holdings of ROK. Oregon Public Employees Retirement Fund lifted its holdings in Rockwell Automation by 15,107.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 5,109,136 shares in the last quarter. BlackRock Inc. increased its stake in Rockwell Automation by 10.2% in the 4th quarter. BlackRock Inc. now owns 9,882,329 shares of the industrial products company’s stock worth $1,487,092,000 after acquiring an additional 918,161 shares during the last quarter. Two Sigma Advisers LP increased its stake in Rockwell Automation by 15,978.3% in the 4th quarter. Two Sigma Advisers LP now owns 801,183 shares of the industrial products company’s stock worth $120,562,000 after acquiring an additional 796,200 shares during the last quarter. Norges Bank bought a new position in Rockwell Automation in the 4th quarter worth about $113,267,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Rockwell Automation by 79.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 883,829 shares of the industrial products company’s stock worth $155,077,000 after acquiring an additional 391,625 shares during the last quarter. 75.18% of the stock is currently owned by institutional investors and hedge funds.
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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.
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