Rockwell Automation (NYSE:ROK) SVP Frank C. Kulaszewicz sold 4,545 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $216.97, for a total value of $986,128.65. Following the completion of the transaction, the senior vice president now owns 23,254 shares of the company’s stock, valued at approximately $5,045,420.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of ROK stock opened at $218.14 on Friday. The firm has a market capitalization of $25.30 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 5.42 and a beta of 1.50. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.31 and a quick ratio of 1.21. The business has a fifty day moving average of $214.27 and a 200 day moving average of $193.19. Rockwell Automation has a 1 year low of $115.38 and a 1 year high of $230.93.

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank raised its stake in shares of Rockwell Automation by 7.5% during the 2nd quarter. Comerica Bank now owns 32,315 shares of the industrial products company’s stock valued at $7,323,000 after buying an additional 2,243 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of Rockwell Automation during the 2nd quarter valued at about $240,000. Sigma Planning Corp raised its stake in shares of Rockwell Automation by 11.0% during the 2nd quarter. Sigma Planning Corp now owns 5,366 shares of the industrial products company’s stock valued at $1,143,000 after buying an additional 533 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Rockwell Automation during the 2nd quarter valued at about $51,000. Finally, West Bancorporation Inc. acquired a new stake in shares of Rockwell Automation during the 2nd quarter valued at about $203,000. Institutional investors and hedge funds own 77.35% of the company’s stock.

A number of research firms recently commented on ROK. Oppenheimer upped their price objective on Rockwell Automation from $182.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. UBS Group upped their price objective on Rockwell Automation from $161.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Gabelli lowered Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Rosenblatt Securities raised Rockwell Automation from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $173.00 to $205.00 in a research note on Wednesday. Finally, Robert W. Baird upped their price objective on Rockwell Automation from $134.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. 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 stock has an average rating of “Hold” and an average price target of $202.59.

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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