Rockwell Automation, Inc. (NYSE:ROK) CEO Blake D. Moret Acquires 3,500 Shares

Rockwell Automation, Inc. (NYSE:ROKGet Free Report) CEO Blake D. Moret purchased 3,500 shares of Rockwell Automation stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $283.64 per share, with a total value of $992,740.00. Following the completion of the transaction, the chief executive officer now owns 77,215 shares in the company, valued at approximately $21,901,262.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Rockwell Automation Trading Down 1.0 %

ROK traded down $2.81 during trading on Monday, hitting $280.69. The company’s stock had a trading volume of 1,329,347 shares, compared to its average volume of 1,090,407. The firm’s 50 day moving average price is $295.26 and its 200-day moving average price is $289.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. The stock has a market cap of $32.16 billion, a PE ratio of 26.97, a PEG ratio of 2.62 and a beta of 1.42. Rockwell Automation, Inc. has a twelve month low of $252.11 and a twelve month high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same quarter in the previous year, the company earned $2.46 earnings per share. On average, analysts expect that Rockwell Automation, Inc. will post 12.42 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.78%. Rockwell Automation’s payout ratio is 47.57%.

Institutional Trading of Rockwell Automation

A number of institutional investors and hedge funds have recently made changes to their positions in ROK. Valeo Financial Advisors LLC increased its stake in shares of Rockwell Automation by 1.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 35 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Rockwell Automation by 3.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 1,042 shares of the industrial products company’s stock worth $343,000 after purchasing an additional 36 shares in the last quarter. Financial Gravity Asset Management Inc. raised its holdings in Rockwell Automation by 12.3% during the second quarter. Financial Gravity Asset Management Inc. now owns 329 shares of the industrial products company’s stock worth $1,872,000 after purchasing an additional 36 shares in the last quarter. Bison Wealth LLC raised its holdings in Rockwell Automation by 3.3% during the fourth quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 37 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Rockwell Automation by 3.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock worth $346,000 after purchasing an additional 37 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ROK. Wells Fargo & Company cut their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. JPMorgan Chase & Co. cut their price target on Rockwell Automation from $262.00 to $230.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. Citigroup cut their target price on Rockwell Automation from $351.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Mizuho lowered their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Finally, Oppenheimer decreased their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $307.92.

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Rockwell Automation Company Profile

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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.

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