Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods Sells 876 Shares

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 876 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the sale, the vice president now owns 1,057 shares in the company, valued at approximately $300,219.71. The trade was a 45.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Isaac Woods also recently made the following trade(s):

• On Friday, January 10th, Isaac Woods sold 895 shares of Rockwell Automation stock. The stock was sold at an average price of $274.72, for a total value of $245,874.40.

Rockwell Automation Stock Down 3.1 %

ROK stock opened at $278.20 on Tuesday. The company has a market cap of $31.46 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 3.53 and a beta of 1.35. The company has a fifty day moving average price of $285.83 and a 200 day moving average price of $278.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a $1.31 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.88%. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. UBS Group started coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price target for the company. Robert W. Baird raised their price objective on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, BNP Paribas cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $307.55.

Institutional Investors Weigh In On Rockwell Automation

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Rockwell Automation by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock valued at $3,965,774,000 after buying an additional 81,079 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock valued at $2,033,476,000 after acquiring an additional 432,934 shares in the last quarter. State Street Corp increased its stake in shares of Rockwell Automation by 0.3% during the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after acquiring an additional 11,949 shares during the period. Geode Capital Management LLC raised its holdings in Rockwell Automation by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company’s stock worth $779,426,000 after purchasing an additional 51,228 shares in the last quarter. Finally, Amundi raised its holdings in Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after purchasing an additional 430,498 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.