Elik I. Fooks Sells 904 Shares of Rockwell Automation, Inc. (ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) insider Elik I. Fooks sold 904 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.77, for a total transaction of $172,456.08. Following the sale, the insider now owns 9,464 shares of the company’s stock, valued at $1,805,447.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Rockwell Automation, Inc. (ROK) opened at $187.68 on Wednesday. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The company has a market cap of $24,220.00, 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 posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). The company had revenue of $1.67 billion during 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 revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 earnings per share. equities analysts predict that Rockwell Automation, Inc. will post 7.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.78%. This is a boost 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 (DPR) is presently 52.52%.

Several equities research analysts have recently weighed in on ROK shares. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. Credit Suisse Group decreased their price objective on shares of Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating for the company in a research report on Wednesday, August 23rd. ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Cowen reiterated a “hold” rating and set a $140.00 price objective on shares of Rockwell Automation in a research report on Sunday, September 17th. Finally, Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Monday, October 2nd. 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 stock. The company currently has a consensus rating of “Hold” and a consensus price target of $165.00.

A number of large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its holdings in shares of Rockwell Automation by 0.5% during the third quarter. Canada Pension Plan Investment Board now owns 231,974 shares of the industrial products company’s stock valued at $41,340,000 after buying an additional 1,219 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Rockwell Automation during the third quarter valued at about $186,000. Frontier Investment Mgmt Co. acquired a new position in shares of Rockwell Automation during the second quarter valued at about $620,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Rockwell Automation by 11.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 56,252 shares of the industrial products company’s stock valued at $10,025,000 after buying an additional 5,803 shares during the last quarter. Finally, Oakbrook Investments LLC grew its holdings in shares of Rockwell Automation by 42.6% during the third quarter. Oakbrook Investments LLC now owns 11,625 shares of the industrial products company’s stock valued at $2,072,000 after buying an additional 3,475 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

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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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