Theodore D. Crandall Sells 13,420 Shares of Rockwell Automation (ROK) Stock

Rockwell Automation (NYSE:ROK) insider Theodore D. Crandall sold 13,420 shares of Rockwell Automation stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $175.77, for a total value of $2,358,833.40. Following the sale, the insider now owns 95,994 shares of the company’s stock, valued at approximately $16,872,865.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NYSE ROK traded down $4.22 during trading hours on Thursday, reaching $167.24. 125,590 shares of the stock traded hands, compared to its average volume of 893,970. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.63 and a beta of 1.29. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. Rockwell Automation has a 52-week low of $153.67 and a 52-week high of $209.38.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Rockwell Automation had a return on equity of 57.53% and a net margin of 8.03%. Rockwell Automation’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.69 EPS. On average, analysts forecast that Rockwell Automation will post 9.03 EPS for the current fiscal year.



The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 12th will be paid a $0.97 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.92. This represents a $3.88 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, November 8th. Rockwell Automation’s payout ratio is 47.84%.

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

Institutional investors have recently made changes to their positions in the business. Somerville Kurt F increased its stake in Rockwell Automation by 1.8% in the 3rd quarter. Somerville Kurt F now owns 62,934 shares of the industrial products company’s stock worth $11,802,000 after purchasing an additional 1,105 shares during the period. BB&T Corp increased its stake in Rockwell Automation by 34.4% in the 3rd quarter. BB&T Corp now owns 13,467 shares of the industrial products company’s stock worth $2,526,000 after purchasing an additional 3,449 shares during the period. BB&T Securities LLC increased its stake in Rockwell Automation by 28.1% in the 2nd quarter. BB&T Securities LLC now owns 4,952 shares of the industrial products company’s stock worth $823,000 after purchasing an additional 1,087 shares during the period. Baird Financial Group Inc. increased its stake in shares of Rockwell Automation by 27.9% during the second quarter. Baird Financial Group Inc. now owns 258,416 shares of the industrial products company’s stock valued at $42,956,000 after buying an additional 56,414 shares during the period. Finally, Chartwell Investment Partners LLC increased its stake in shares of Rockwell Automation by 64.8% during the second quarter. Chartwell Investment Partners LLC now owns 13,699 shares of the industrial products company’s stock valued at $2,277,000 after buying an additional 5,385 shares during the period. 75.18% of the stock is currently owned by institutional investors and hedge funds.

ROK has been the subject of a number of research analyst reports. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Friday, September 21st. UBS Group dropped their price target on Rockwell Automation from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. Gordon Haskett assumed coverage on Rockwell Automation in a research report on Friday, October 12th. They set a “buy” rating for the company. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $183.00 price objective on the stock in a report on Tuesday, October 23rd. Finally, Citigroup set a $185.00 price objective on Rockwell Automation and gave the company a “hold” rating in a report on Thursday, November 8th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $178.87.

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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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