Stock Traders Buy High Volume of Rockwell Automation Put Options (NYSE:ROK)

Rockwell Automation (NYSE:ROK) was the recipient of some unusual options trading activity on Monday. Investors acquired 1,592 put options on the stock. This represents an increase of approximately 998% compared to the average volume of 145 put options.

In related news, CEO Blake D. Moret sold 7,300 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $179.67, for a total value of $1,311,591.00. Following the sale, the chief executive officer now owns 46,995 shares in the company, valued at approximately $8,443,591.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Blake D. Moret sold 1,700 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $179.07, for a total transaction of $304,419.00. Following the completion of the sale, the chief executive officer now owns 41,395 shares in the company, valued at approximately $7,412,602.65. The disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Coastal Capital Group Inc. bought a new position in shares of Rockwell Automation during the 2nd quarter valued at approximately $25,000. Griffin Asset Management Inc. bought a new position in Rockwell Automation in the 2nd quarter worth approximately $26,000. Capital Advisors Ltd. LLC boosted its holdings in Rockwell Automation by 426.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock worth $29,000 after buying an additional 145 shares during the period. River & Mercantile Asset Management LLP bought a new position in Rockwell Automation in the 2nd quarter worth approximately $31,000. Finally, Shine Investment Advisory Services Inc. boosted its holdings in Rockwell Automation by 112.9% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 198 shares of the industrial products company’s stock worth $33,000 after buying an additional 105 shares during the period. 72.81% of the stock is owned by hedge funds and other institutional investors.

ROK has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating on the stock in a report on Friday, October 11th. Citigroup lowered their target price on shares of Rockwell Automation from $180.00 to $174.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Gordon Haskett lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Longbow Research restated a “hold” rating on shares of Rockwell Automation in a report on Tuesday, September 17th. Finally, Zacks Investment Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 price objective for the company. in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $171.36.

Shares of Rockwell Automation stock traded up $23.50 on Tuesday, reaching $202.70. 87,718 shares of the company traded hands, compared to its average volume of 773,629. Rockwell Automation has a 52 week low of $141.46 and a 52 week high of $191.48. The company has a 50 day moving average of $168.36 and a 200 day moving average of $162.09. The firm has a market capitalization of $20.81 billion, a PE ratio of 24.85, a PEG ratio of 2.65 and a beta of 1.41. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.51 and a quick ratio of 1.17.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.02 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, November 8th. Rockwell Automation’s dividend payout ratio is currently 50.31%.

Rockwell Automation Company Profile

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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