Trade Report: Today, Rockwell Automation Inc. (ROK) SVP Frank C. Kulaszewicz Sold 1,500 Shares

Today, Rockwell Automation Inc. (ROK) SVP Frank C. Kulaszewicz Sold 1,500 Shares

Rockwell Automation Inc. (NYSE:ROK) SVP Frank C. Kulaszewicz sold 1,500 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $131.68, for a total transaction of $197,520.00. Following the sale, the senior vice president now owns 27,740 shares in the company, valued at approximately $3,652,803.20. 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 Inc. (NYSE:ROK) traded down 1.82% during trading on Monday, hitting $130.50. 843,780 shares of the stock traded hands. Rockwell Automation Inc. has a 52 week low of $87.53 and a 52 week high of $133.68. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 23.47 and a beta of 1.00. The firm’s 50-day moving average price is $123.09 and its 200-day moving average price is $118.11.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, November 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The firm earned $1.54 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. On average, equities research analysts anticipate that Rockwell Automation Inc. will post $6.06 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 14th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 2.32%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, November 9th. Rockwell Automation’s dividend payout ratio is currently 54.58%.

Several large investors have recently bought and sold shares of the stock. Aberdeen Asset Management PLC UK boosted its stake in Rockwell Automation by 2.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 391,884 shares of the company’s stock valued at $44,996,000 after buying an additional 8,907 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Rockwell Automation by 92.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 271,450 shares of the company’s stock valued at $31,168,000 after buying an additional 130,546 shares in the last quarter. PGGM Investments boosted its stake in Rockwell Automation by 67.3% in the second quarter. PGGM Investments now owns 716,358 shares of the company’s stock valued at $82,252,000 after buying an additional 288,050 shares in the last quarter. Associated Banc Corp boosted its stake in Rockwell Automation by 4.5% in the second quarter. Associated Banc Corp now owns 2,874 shares of the company’s stock valued at $330,000 after buying an additional 123 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Rockwell Automation by 4.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 404,319 shares of the company’s stock valued at $46,424,000 after buying an additional 19,000 shares in the last quarter. 72.07% of the stock is owned by institutional investors.

ROK has been the topic of a number of analyst reports. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, November 12th. Stifel Nicolaus restated a “hold” rating on shares of Rockwell Automation in a research note on Friday, October 21st. HSBC initiated coverage on shares of Rockwell Automation in a research note on Friday, October 7th. They issued a “hold” rating and a $108.00 price target for the company. Sanford C. Bernstein upgraded shares of Rockwell Automation from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $105.00 to $121.00 in a research note on Friday, September 30th. Finally, Citigroup Inc. lifted their price target on shares of Rockwell Automation from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, October 10th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $109.83.

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