Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley bought 130 shares of Rockwell Automation stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of $115.99 per share, with a total value of $15,078.70. Following the acquisition, the director now owns 5,421 shares of the company’s stock, valued at approximately $628,781.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rockwell Automation, Inc. (NYSE:ROK) traded up $1.67 during trading hours on Thursday, hitting $192.26. The stock had a trading volume of 720,905 shares, compared to its average volume of 878,768. The firm has a market cap of $24,117.42, a P/E ratio of 27.80, a PEG ratio of 2.11 and a beta of 1.23. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a fifty-two week low of $133.61 and a fifty-two week high of $210.72.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS. equities analysts forecast that Rockwell Automation, Inc. will post 7.39 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, November 10th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s payout ratio is 52.68%.

ROK has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Cowen reissued a “hold” rating and issued a $140.00 target price on shares of Rockwell Automation in a report on Sunday, September 17th. ValuEngine raised Rockwell Automation from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Credit Suisse Group reissued a “neutral” rating and issued a $174.00 target price (up previously from $154.00) on shares of Rockwell Automation in a report on Wednesday, October 11th. Finally, downgraded Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $165.00.

Several large investors have recently added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. purchased a new stake in Rockwell Automation during the 2nd quarter worth about $126,891,000. Ameriprise Financial Inc. increased its position in Rockwell Automation by 277.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock worth $171,517,000 after purchasing an additional 778,633 shares in the last quarter. BlackRock Inc. increased its position in Rockwell Automation by 7.5% during the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock worth $1,570,735,000 after purchasing an additional 679,645 shares in the last quarter. Voya Investment Management LLC increased its position in Rockwell Automation by 741.5% during the 2nd quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock worth $112,712,000 after purchasing an additional 613,225 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Rockwell Automation by 37.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock worth $187,224,000 after purchasing an additional 317,777 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

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About Rockwell Automation

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

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