Ernest Nicolas Sells 319 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Ernest Nicolas sold 319 shares of the business’s stock in a transaction dated Tuesday, June 8th. The shares were sold at an average price of $276.29, for a total transaction of $88,136.51. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ernest Nicolas also recently made the following trade(s):

  • On Friday, June 4th, Ernest Nicolas sold 95 shares of Rockwell Automation stock. The shares were sold at an average price of $275.72, for a total transaction of $26,193.40.

Shares of Rockwell Automation stock opened at $281.67 on Friday. The company has a market capitalization of $32.70 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 3.00 and a beta of 1.36. The firm’s 50 day moving average is $266.01. Rockwell Automation, Inc. has a twelve month low of $200.60 and a twelve month high of $281.81. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.93.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, April 27th. The industrial products company reported $2.41 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.26. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Rockwell Automation had a net margin of 25.20% and a return on equity of 57.72%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.43 earnings per share. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 9.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 10th. Stockholders of record on Monday, August 16th will be paid a $1.07 dividend. The ex-dividend date is Friday, August 13th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 1.52%. Rockwell Automation’s dividend payout ratio (DPR) is presently 55.73%.

Several equities research analysts recently commented on ROK shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Rockwell Automation from $242.00 to $268.00 and gave the stock a “hold” rating in a research note on Tuesday, April 13th. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $300.00 to $313.00 and gave the stock an “overweight” rating in a research note on Thursday, April 29th. Oppenheimer boosted their price objective on shares of Rockwell Automation from $280.00 to $286.00 and gave the stock an “outperform” rating in a research note on Thursday, April 29th. Credit Suisse Group boosted their price objective on shares of Rockwell Automation from $248.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, April 29th. Finally, Barclays boosted their price objective on shares of Rockwell Automation from $265.00 to $269.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $266.50.

Several hedge funds and other institutional investors have recently made changes to their positions in ROK. Atria Investments LLC bought a new position in shares of Rockwell Automation during the first quarter worth $1,028,000. Alleghany Corp DE lifted its position in Rockwell Automation by 12.6% during the first quarter. Alleghany Corp DE now owns 299,899 shares of the industrial products company’s stock valued at $79,606,000 after purchasing an additional 33,504 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Rockwell Automation by 2.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 44,461 shares of the industrial products company’s stock valued at $11,151,000 after purchasing an additional 1,000 shares during the last quarter. Connolly Sarah T. bought a new position in Rockwell Automation during the fourth quarter valued at $1,402,000. Finally, Synovus Financial Corp lifted its position in Rockwell Automation by 2.4% during the first quarter. Synovus Financial Corp now owns 44,716 shares of the industrial products company’s stock valued at $11,878,000 after purchasing an additional 1,036 shares during the last quarter. 75.42% of the stock is owned by hedge funds and other institutional investors.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.

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