Tessa M. Myers Sells 1,231 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $267.88 on Wednesday. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $285.34 and its 200 day simple moving average is $278.73. The firm has a market capitalization of $30.29 billion, a PE ratio of 33.36, a P/E/G ratio of 3.53 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.96%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is 65.26%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. raised its stake in Rockwell Automation by 0.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 33 shares during the last quarter. Whittier Trust Co. raised its stake in Rockwell Automation by 1.9% in the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock valued at $542,000 after purchasing an additional 35 shares during the last quarter. Prospera Financial Services Inc raised its stake in Rockwell Automation by 0.9% in the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after purchasing an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after acquiring an additional 38 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in shares of Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ROK. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Oppenheimer boosted their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Finally, Loop Capital boosted their target price on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $307.55.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.