Matheus De A. G. Viera Bulho Sells 250 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Matheus De A. G. Viera Bulho sold 250 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $326.33, for a total transaction of $81,582.50. Following the sale, the senior vice president now directly owns 1,509 shares in the company, valued at $492,431.97. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Rockwell Automation Stock Down 0.1%

Shares of NYSE ROK opened at $325.06 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $328.90. The firm has a market capitalization of $36.64 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 3.53 and a beta of 1.38. The firm has a fifty day simple moving average of $275.52 and a two-hundred day simple moving average of $279.56.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business earned $2.50 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were paid a $1.31 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 1.61%. Rockwell Automation’s payout ratio is 65.99%.

Analysts Set New Price Targets

ROK has been the subject of a number of research reports. Oppenheimer boosted their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Citigroup upped their price objective on shares of Rockwell Automation from $327.00 to $371.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. TD Cowen raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price objective for the company in a research note on Friday, May 9th. Barclays upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $283.00 to $350.00 in a report on Friday, May 30th. Finally, Loop Capital upped their price target on shares of Rockwell Automation from $280.00 to $290.00 and gave the company a “hold” rating in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and an average target price of $316.21.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas increased its stake in shares of Rockwell Automation by 39.1% in the 4th quarter. Teacher Retirement System of Texas now owns 1,063 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 299 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Rockwell Automation in the 4th quarter worth about $281,000. Schroder Investment Management Group increased its stake in shares of Rockwell Automation by 14.9% in the 4th quarter. Schroder Investment Management Group now owns 14,478 shares of the industrial products company’s stock worth $4,135,000 after acquiring an additional 1,872 shares in the last quarter. Savant Capital LLC increased its stake in shares of Rockwell Automation by 119.7% in the 4th quarter. Savant Capital LLC now owns 6,631 shares of the industrial products company’s stock worth $1,895,000 after acquiring an additional 3,613 shares in the last quarter. Finally, Sovran Advisors LLC bought a new position in shares of Rockwell Automation in the 4th quarter worth about $479,000. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Company Profile

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.