Rockwell Automation (ROK) SVP Sells $625,158.75 in Stock

Rockwell Automation (NYSE:ROK) SVP Sujeet Chand sold 3,547 shares of Rockwell Automation stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $176.25, for a total transaction of $625,158.75. Following the sale, the senior vice president now owns 51,527 shares of the company’s stock, valued at approximately $9,081,633.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rockwell Automation stock traded down $4.22 during midday trading on Thursday, hitting $167.24. 125,590 shares of the stock were exchanged, compared to its average volume of 893,970. Rockwell Automation has a 52 week low of $153.67 and a 52 week high of $209.38. The firm has a market capitalization of $20.69 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.27 and a quick ratio of 1.01.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.09. Rockwell Automation had a net margin of 8.03% and a return on equity of 57.53%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm earned $1.69 EPS. Rockwell Automation’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts predict that Rockwell Automation will post 9.03 EPS for the current fiscal year.



Rockwell Automation declared that its board has authorized a stock repurchase program on Thursday, September 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 4.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 12th will be paid a dividend of $0.97 per share. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $3.88 annualized dividend and a yield of 2.32%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

ROK has been the subject of several analyst reports. Morgan Stanley initiated coverage on shares of Rockwell Automation in a research report on Tuesday, August 21st. They set an “underweight” rating and a $163.00 price target for the company. UBS Group lowered their price target on shares of Rockwell Automation from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Friday, September 21st. Wells Fargo & Co lifted their price target on shares of Rockwell Automation from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 2nd. Finally, Gordon Haskett initiated coverage on shares of Rockwell Automation in a research report on Friday, October 12th. They set a “buy” rating for the company. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $178.87.

A number of institutional investors have recently added to or reduced their stakes in ROK. Cornerstone Wealth Management LLC bought a new stake in Rockwell Automation during the second quarter worth about $260,000. Dupont Capital Management Corp lifted its holdings in shares of Rockwell Automation by 12.2% in the second quarter. Dupont Capital Management Corp now owns 8,005 shares of the industrial products company’s stock worth $1,331,000 after acquiring an additional 873 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Rockwell Automation by 16.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 36,049 shares of the industrial products company’s stock worth $5,992,000 after acquiring an additional 5,029 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Rockwell Automation in the second quarter worth about $621,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Rockwell Automation by 163.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,203 shares of the industrial products company’s stock worth $532,000 after acquiring an additional 1,988 shares during the last quarter. 75.18% of the stock is currently owned by institutional investors and hedge funds.

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About Rockwell Automation

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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