Rockwell Automation, Inc. (NYSE:ROK) VP Sells $255,178.50 in Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. This trade represents a 34.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Rockwell Automation Price Performance

ROK stock opened at $294.81 on Friday. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The stock has a market cap of $33.32 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 2.89 and a beta of 1.35. The company has a 50 day simple moving average of $286.26 and a 200 day simple moving average of $275.81.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Research analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is 63.29%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ROK. Meiji Yasuda Asset Management Co Ltd. increased its position in Rockwell Automation by 0.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock valued at $1,079,000 after acquiring an additional 33 shares during the period. Whittier Trust Co. grew its stake in shares of Rockwell Automation by 1.9% in the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 35 shares during the last quarter. Prospera Financial Services Inc increased its holdings in Rockwell Automation by 0.9% in the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after purchasing an additional 37 shares during the period. Bank Pictet & Cie Europe AG raised its position in Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after purchasing an additional 38 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock worth $386,000 after buying an additional 39 shares during the period. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. BNP Paribas downgraded shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer increased their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $308.05.

Rockwell Automation Company Profile

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.