Rockwell Automation (NYSE:ROK) VP John M. Miller sold 4,431 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $187.77, for a total value of $832,008.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Rockwell Automation (NYSE ROK) opened at $185.56 on Monday. The company has a market capitalization of $23,710.00, a P/E ratio of 28.12, a P/E/G ratio of 2.09 and a beta of 1.17. Rockwell Automation has a 12-month low of $148.31 and a 12-month high of $210.72. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.22. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. Rockwell Automation’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.75 EPS. analysts anticipate that Rockwell Automation will post 7.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be given a dividend of $0.835 per share. The ex-dividend date is Friday, February 16th. This represents a $3.34 dividend on an annualized basis and a yield of 1.80%. Rockwell Automation’s dividend payout ratio (DPR) is presently 50.61%.
Rockwell Automation announced that its board has approved a share buyback program on Wednesday, January 24th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
ROK has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on Rockwell Automation in a research note on Wednesday, November 29th. They issued a “neutral” rating on the stock. Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Daiwa Capital Markets initiated coverage on Rockwell Automation in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 price objective on the stock. Citigroup lowered their price objective on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Finally, Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $185.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. boosted its position in Rockwell Automation by 3.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 7,965 shares of the industrial products company’s stock valued at $1,419,000 after buying an additional 263 shares during the last quarter. Edge Advisors LLC boosted its position in Rockwell Automation by 12.8% in the 4th quarter. Edge Advisors LLC now owns 2,472 shares of the industrial products company’s stock valued at $484,000 after buying an additional 280 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its position in Rockwell Automation by 0.9% in the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 32,307 shares of the industrial products company’s stock valued at $5,757,000 after buying an additional 285 shares during the last quarter. Amalgamated Bank boosted its position in Rockwell Automation by 2.0% in the 3rd quarter. Amalgamated Bank now owns 15,472 shares of the industrial products company’s stock valued at $2,757,000 after buying an additional 300 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in Rockwell Automation by 15.9% in the 4th quarter. Stephens Inc. AR now owns 2,184 shares of the industrial products company’s stock valued at $429,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.
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Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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