Lawrence D. Kingsley Purchases 130 Shares of Rockwell Automation, Inc. (ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley bought 130 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were acquired at an average price of $115.99 per share, for a total transaction of $15,078.70. Following the transaction, the director now owns 5,421 shares in the company, valued at $628,781.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rockwell Automation, Inc. (ROK) traded up $0.32 during midday trading on Monday, hitting $190.78. 1,327,063 shares of the company traded hands, compared to its average volume of 877,063. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80. The firm has a market cap of $24,474.66, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.23. Rockwell Automation, Inc. has a twelve month low of $133.61 and a twelve month high of $210.72.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a $0.835 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.34 dividend on an annualized basis and a yield of 1.75%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio (DPR) is currently 52.68%.

A number of institutional investors have recently modified their holdings of ROK. Old Mutual Global Investors UK Ltd. acquired a new stake in Rockwell Automation in the second quarter valued at approximately $126,891,000. Ameriprise Financial Inc. boosted its position in Rockwell Automation by 277.7% in the second quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after buying an additional 778,633 shares in the last quarter. BlackRock Inc. boosted its position in Rockwell Automation by 7.5% in the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after buying an additional 679,645 shares in the last quarter. Voya Investment Management LLC boosted its position in Rockwell Automation by 741.5% in the second quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock valued at $112,712,000 after buying an additional 613,225 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Rockwell Automation by 37.9% in the second quarter. Franklin Resources Inc. now owns 1,156,116 shares of the industrial products company’s stock valued at $187,224,000 after buying an additional 317,777 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

ROK has been the topic of a number of analyst reports. Wolfe Research upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 9th. ValuEngine lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Citigroup reiterated a “neutral” rating and set a $187.00 price target (up previously from $175.00) on shares of Rockwell Automation in a research report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $165.00.

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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.

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