Insider Selling: Rockwell Automation, Inc. (NYSE:ROK) VP Sells $248,810.28 in Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 876 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the transaction, the vice president now owns 1,057 shares in the company, valued at approximately $300,219.71. This trade represents a 45.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Isaac Woods also recently made the following trade(s):

• On Friday, January 10th, Isaac Woods sold 895 shares of Rockwell Automation stock. The stock was sold at an average price of $274.72, for a total value of $245,874.40.

Rockwell Automation Stock Up 2.2 %

Shares of NYSE:ROK opened at $273.79 on Thursday. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The business has a 50 day simple moving average of $284.98 and a two-hundred day simple moving average of $278.70. The firm has a market capitalization of $30.96 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

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

Rockwell Automation Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of research reports. Morgan Stanley upped their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective for the company in a research report on Monday, December 9th. UBS Group assumed coverage on Rockwell Automation in a report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 target price for the company. Citigroup increased their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $307.55.

Hedge Funds Weigh In On Rockwell Automation

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Rockwell Automation by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock worth $3,965,774,000 after purchasing an additional 81,079 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Rockwell Automation by 6.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock worth $2,033,476,000 after purchasing an additional 432,934 shares in the last quarter. State Street Corp increased its position in shares of Rockwell Automation by 0.3% during the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after purchasing an additional 11,949 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Rockwell Automation by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company’s stock worth $779,426,000 after purchasing an additional 51,228 shares in the last quarter. Finally, Amundi increased its position in shares of Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after purchasing an additional 430,498 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

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.