Rockwell Automation, Inc. (ROK) Insider Blake D. Moret Sells 1,723 Shares

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.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

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