Rockwell Automation (NYSE:ROK) CFO Patrick P. Goris sold 2,600 shares of Rockwell Automation stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $220.00, for a total transaction of $572,000.00. Following the completion of the sale, the chief financial officer now owns 12,343 shares of the company’s stock, valued at $2,715,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Rockwell Automation stock opened at $218.14 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 2.04. Rockwell Automation has a twelve month low of $115.38 and a twelve month high of $230.93. The stock has a market cap of $25.49 billion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 5.04 and a beta of 1.50. The company’s fifty day moving average is $214.27 and its 200 day moving average is $193.19.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.14. Rockwell Automation had a net margin of 11.85% and a return on equity of 105.45%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $2.40 earnings per share. Rockwell Automation’s revenue for the quarter was down 16.3% on a year-over-year basis. As a group, equities analysts anticipate that Rockwell Automation will post 7.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.08 annualized dividend and a dividend yield of 1.87%. Rockwell Automation’s dividend payout ratio is 47.06%.

ROK has been the subject of several research analyst reports. Oppenheimer boosted their price objective on shares of Rockwell Automation from $182.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $177.00 to $220.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Citigroup upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $223.00 to $252.00 in a research report on Tuesday, July 21st. Deutsche Bank boosted their price objective on shares of Rockwell Automation from $165.00 to $212.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, Rosenblatt Securities raised shares of Rockwell Automation from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $173.00 to $205.00 in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $202.59.

Several institutional investors have recently modified their holdings of ROK. Cornerstone Advisors Inc. boosted its position in Rockwell Automation by 10.0% during the second quarter. Cornerstone Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 48 shares during the last quarter. Tiedemann Advisors LLC boosted its position in Rockwell Automation by 0.9% during the first quarter. Tiedemann Advisors LLC now owns 6,575 shares of the industrial products company’s stock valued at $992,000 after acquiring an additional 57 shares during the last quarter. HighPoint Advisor Group LLC boosted its position in Rockwell Automation by 2.3% during the first quarter. HighPoint Advisor Group LLC now owns 2,654 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 59 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Rockwell Automation by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 19,456 shares of the industrial products company’s stock valued at $2,936,000 after acquiring an additional 67 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Rockwell Automation by 2.5% during the first quarter. Wetherby Asset Management Inc. now owns 2,817 shares of the industrial products company’s stock valued at $425,000 after acquiring an additional 68 shares during the last quarter. 77.35% of the stock is currently owned by institutional investors.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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