Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the transaction, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. The trade was a 13.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Rockwell Automation Price Performance
Shares of ROK opened at $227.38 on Tuesday. The business has a 50-day moving average of $273.76 and a 200-day moving average of $278.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The company has a market capitalization of $25.71 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1 year low of $215.71 and a 1 year high of $308.70.
Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.
Rockwell Automation Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a $1.31 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.30%. Rockwell Automation's payout ratio is 65.26%.
Analyst Ratings Changes
ROK has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Barclays lowered their price objective on shares of Rockwell Automation from $285.00 to $280.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Robert W. Baird increased their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised shares of Rockwell Automation from a "hold" rating to a "buy" rating and boosted their target price for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group increased their price target on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $307.42.
Check Out Our Latest Stock Analysis on ROK
Institutional Trading of Rockwell Automation
A number of institutional investors have recently bought and sold shares of ROK. Vanguard Group Inc. lifted its stake in shares of Rockwell Automation by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company's stock valued at $3,965,774,000 after purchasing an additional 81,079 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock valued at $2,033,476,000 after buying an additional 432,934 shares during the period. Geode Capital Management LLC lifted its stake in Rockwell Automation by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company's stock valued at $779,426,000 after buying an additional 51,228 shares during the period. Amundi boosted its holdings in shares of Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock worth $580,095,000 after buying an additional 430,498 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Rockwell Automation by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company's stock worth $448,701,000 after buying an additional 13,744 shares during the period. Institutional investors own 75.75% of the company's stock.
About Rockwell Automation
(
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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.
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