Rockwell Automation Target of Unusually Large Options Trading (ROK)

Rockwell Automation, Inc. (NYSE:ROK) was the target of some unusual options trading on Friday. Stock investors purchased 2,295 put options on the stock. This represents an increase of 911% compared to the typical volume of 227 put options.

In related news, CEO Blake D. Moret sold 5,309 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $1,012,691.75. Following the completion of the transaction, the chief executive officer now directly owns 30,720 shares in the company, valued at approximately $5,859,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elik I. Fooks sold 904 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $190.77, for a total value of $172,456.08. Following the completion of the transaction, the insider now owns 9,464 shares of the company’s stock, valued at $1,805,447.28. The disclosure for this sale can be found here. Insiders sold a total of 10,770 shares of company stock valued at $2,054,871 over the last quarter. 1.28% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROK. Federated Investors Inc. PA boosted its holdings in shares of Rockwell Automation by 34.7% in the 2nd quarter. Federated Investors Inc. PA now owns 8,162 shares of the industrial products company’s stock valued at $1,322,000 after buying an additional 2,102 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Rockwell Automation by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,981 shares of the industrial products company’s stock valued at $483,000 after buying an additional 232 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Rockwell Automation by 2.3% in the 2nd quarter. Principal Financial Group Inc. now owns 222,056 shares of the industrial products company’s stock valued at $35,964,000 after buying an additional 5,077 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Rockwell Automation by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,572 shares of the industrial products company’s stock valued at $1,550,000 after buying an additional 33 shares during the last quarter. Finally, WESPAC Advisors LLC boosted its holdings in shares of Rockwell Automation by 69.5% in the 2nd quarter. WESPAC Advisors LLC now owns 3,118 shares of the industrial products company’s stock valued at $505,000 after buying an additional 1,278 shares during the last quarter. 72.84% of the stock is owned by institutional investors.

Rockwell Automation (NYSE:ROK) opened at $202.75 on Wednesday. Rockwell Automation has a 12-month low of $138.28 and a 12-month high of $210.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06. The firm has a market capitalization of $26,050.00, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the consensus estimate 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 net margin of 13.08% and a return on equity of 38.67%. 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 posted $1.52 EPS. sell-side analysts expect that Rockwell Automation will post 7.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were issued a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, November 10th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio is presently 52.60%.

ROK has been the subject of several research analyst reports. Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 9th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Daiwa Capital Markets assumed coverage on Rockwell Automation in a research report on Wednesday, December 20th. They set a “neutral” rating and a $199.00 price target for the company. Finally, ValuEngine downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $171.60.

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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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