Rockwell Automation, Inc. (NYSE:ROK) insider Blake D. Moret sold 1,723 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the sale, the insider now directly owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Rockwell Automation, Inc. (ROK) traded up 0.92% during trading on Friday, reaching $173.73. 1,019,639 shares of the company’s stock traded hands. Rockwell Automation, Inc. has a one year low of $113.50 and a one year high of $174.18. The company has a 50-day moving average price of $164.14 and a 200 day moving average price of $159.63. The firm has a market capitalization of $22.30 billion, a PE ratio of 28.02 and a beta of 1.16.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. On average, analysts anticipate that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Rockwell Automation by 0.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 273,710 shares of the industrial products company’s stock worth $44,330,000 after buying an additional 854 shares in the last quarter. Swiss National Bank grew its holdings in shares of Rockwell Automation by 3.4% during the second quarter. Swiss National Bank now owns 469,836 shares of the industrial products company’s stock worth $76,095,000 after buying an additional 15,300 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Rockwell Automation by 27.0% during the first quarter. Bank of America Corp DE now owns 1,037,845 shares of the industrial products company’s stock worth $161,602,000 after buying an additional 220,675 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Rockwell Automation by 5.7% during the second quarter. Blair William & Co. IL now owns 5,414 shares of the industrial products company’s stock worth $877,000 after buying an additional 293 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its holdings in shares of Rockwell Automation by 127.5% during the second quarter. Sit Investment Associates Inc. now owns 147,995 shares of the industrial products company’s stock worth $23,969,000 after buying an additional 82,945 shares in the last quarter. 73.66% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on ROK. Stifel Nicolaus reissued a “hold” rating and issued a $167.00 price objective on shares of Rockwell Automation in a research note on Wednesday, July 19th. HSBC Holdings plc reissued a “hold” rating and issued a $147.00 price objective (up from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research note on Friday, July 28th. Wolfe Research began coverage on shares of Rockwell Automation in a research note on Tuesday, July 11th. They issued a “peer perform” rating for the company. Finally, BidaskClub cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $152.27.
About Rockwell Automation
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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