Rockwell Automation, Inc. (ROK) Director Lawrence D. Kingsley Sells 568 Shares

Rockwell Automation, Inc. (NYSE:ROK) Director Lawrence D. Kingsley sold 568 shares of the stock in a transaction on Monday, January 9th. The shares were sold at an average price of $139.43, for a total value of $79,196.24. Following the completion of the sale, the director now owns 5,421 shares of the company’s stock, valued at approximately $755,850.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Rockwell Automation, Inc. (NYSE:ROK) opened at $190.78 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. The company 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 1 year low of $133.61 and a 1 year high of $210.72.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). The business 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 in the previous year, the company earned $1.52 earnings per share. equities analysts anticipate that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.

The firm 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 dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 1.75%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Automation’s dividend payout ratio is presently 52.68%.

ROK has been the subject of a number of research analyst reports. Credit Suisse Group restated 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. Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Cowen reiterated a “hold” rating and set a $140.00 price objective on shares of Rockwell Automation in a report on Sunday, September 17th. Finally, Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $165.00.

A number of institutional investors have recently bought and sold shares of ROK. Acrospire Investment Management LLC increased its position in Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in Rockwell Automation during the third quarter worth $131,000. Rockefeller Financial Services Inc. acquired a new position in Rockwell Automation during the third quarter worth $143,000. Sun Life Financial INC increased its position in Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after buying an additional 934 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Rockwell Automation during the third quarter worth $186,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

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Rockwell Automation Company Profile

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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