Steven W. Etzel Sells 70 Shares of Rockwell Automation (NYSE:ROK) Stock

Rockwell Automation (NYSE:ROK) VP Steven W. Etzel sold 70 shares of Rockwell Automation stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $202.86, for a total value of $14,200.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE ROK opened at $203.47 on Friday. The stock has a fifty day moving average of $190.25 and a 200-day moving average of $166.58. The stock has a market capitalization of $23.49 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.78 and a beta of 1.45. Rockwell Automation has a 52 week low of $141.46 and a 52 week high of $207.11. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.24 and a current ratio of 1.54.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, November 12th. The industrial products company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $2.11 EPS. Equities research analysts forecast that Rockwell Automation will post 8.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $1.02 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, November 8th. Rockwell Automation’s dividend payout ratio (DPR) is 47.06%.

Several equities analysts have issued reports on the company. Gabelli downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price objective on Rockwell Automation from $146.00 to $151.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Barclays upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 18th. Gordon Haskett downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Deutsche Bank cut their price objective on Rockwell Automation from $203.00 to $202.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $187.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Rockwell Automation by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,878,447 shares of the industrial products company’s stock valued at $1,454,556,000 after buying an additional 25,953 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its stake in shares of Rockwell Automation by 2.4% in the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,243,265 shares of the industrial products company’s stock valued at $534,490,000 after buying an additional 75,000 shares during the period. Wells Fargo & Company MN increased its stake in shares of Rockwell Automation by 3.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,557,213 shares of the industrial products company’s stock valued at $255,119,000 after buying an additional 50,345 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Rockwell Automation by 1,664.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,422,349 shares of the industrial products company’s stock valued at $233,024,000 after buying an additional 1,341,730 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Rockwell Automation by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,413,727 shares of the industrial products company’s stock valued at $231,612,000 after buying an additional 42,461 shares during the period. 73.86% of the stock is owned by institutional investors.

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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