Scott Genereux Sells 500 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the sale, the vice president now directly owns 1,905 shares in the company, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Scott Genereux also recently made the following trade(s):

• On Monday, December 9th, Scott Genereux sold 278 shares of Rockwell Automation stock. The stock was sold at an average price of $302.04, for a total value of $83,967.12.
• On Thursday, December 5th, Scott Genereux sold 279 shares of Rockwell Automation stock. The shares were sold at an average price of $296.13, for a total value of $82,620.27.

Rockwell Automation Trading Down 3.1 %

Rockwell Automation stock opened at $278.20 on Tuesday. The company’s fifty day simple moving average is $285.83 and its 200-day simple moving average is $278.69. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The stock has a market cap of $31.46 billion, a P/E ratio of 34.65, a P/E/G ratio of 3.53 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

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

Analyst Upgrades and Downgrades

ROK has been the topic of several research reports. Wells Fargo & Company upped their price target on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. The Goldman Sachs Group upped their price target on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Morgan Stanley upped their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Citigroup upped their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Oppenheimer upped their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation has an average rating of “Hold” and a consensus price target of $307.55.

Hedge Funds Weigh In On Rockwell Automation

Several institutional investors and hedge funds have recently modified their holdings of ROK. Gladstone Institutional Advisory LLC boosted its holdings in Rockwell Automation by 33.2% in the third quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 343 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Rockwell Automation by 0.6% in the third quarter. Janney Montgomery Scott LLC now owns 33,905 shares of the industrial products company’s stock worth $9,102,000 after purchasing an additional 208 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Rockwell Automation by 2.7% in the third quarter. Van ECK Associates Corp now owns 783,626 shares of the industrial products company’s stock worth $208,790,000 after purchasing an additional 20,275 shares in the last quarter. KG&L Capital Management LLC boosted its holdings in Rockwell Automation by 32.2% in the third quarter. KG&L Capital Management LLC now owns 2,341 shares of the industrial products company’s stock worth $628,000 after purchasing an additional 570 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Rockwell Automation by 30.9% in the third quarter. QRG Capital Management Inc. now owns 3,595 shares of the industrial products company’s stock worth $965,000 after purchasing an additional 849 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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.