Rockwell Automation (NYSE:ROK) SVP Sells $1,413,397.00 in Stock

Rockwell Automation (NYSE:ROK) SVP Elik I. Fooks sold 7,100 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $199.07, for a total transaction of $1,413,397.00. Following the sale, the senior vice president now directly owns 17,597 shares of the company’s stock, valued at approximately $3,503,034.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of ROK stock traded up $0.68 during trading hours on Thursday, hitting $198.75. 1,214,725 shares of the company were exchanged, compared to its average volume of 925,411. The firm has a market cap of $20.97 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.67 and a beta of 1.41. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $207.11. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.17 and a current ratio of 1.51. The company has a 50 day simple moving average of $170.51 and a two-hundred day simple moving average of $162.30.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, November 12th. The industrial products company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.92 by $0.09. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $2.11 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. As a group, sell-side analysts expect that Rockwell Automation will post 9.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $1.02 dividend. This is a boost 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 2.05%. The ex-dividend date is Friday, November 8th. Rockwell Automation’s dividend payout ratio (DPR) is currently 47.06%.

Several institutional investors and hedge funds have recently modified their holdings of ROK. Coastal Capital Group Inc. bought a new position in shares of Rockwell Automation in the 2nd quarter worth $25,000. Griffin Asset Management Inc. bought a new position in shares of Rockwell Automation in the 2nd quarter worth $26,000. Capital Advisors Ltd. LLC lifted its holdings in shares of 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 purchasing an additional 145 shares in the last quarter. River & Mercantile Asset Management LLP bought a new position in shares of Rockwell Automation in the 2nd quarter worth $31,000. Finally, Shine Investment Advisory Services Inc. lifted its holdings in shares of 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 purchasing an additional 105 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

A number of research firms have weighed in on ROK. Zacks Investment Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $209.00 target price for the company in a research report on Thursday. Barclays reissued a “hold” rating and set a $159.00 target price on shares of Rockwell Automation in a research report on Friday, October 4th. Morgan Stanley reaffirmed a “sell” rating and set a $180.00 price objective on shares of Rockwell Automation in a research report on Thursday. Bank of America raised their price objective on shares of Rockwell Automation from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, TheStreet downgraded shares of Rockwell Automation from a “b+” rating to a “c+” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $181.87.

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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Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

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