Rockwell Automation (NYSE:ROK) SVP Sells $24,081.42 in Stock

Rockwell Automation (NYSE:ROK) SVP Ernest Nicolas sold 121 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $199.02, for a total transaction of $24,081.42. Following the completion of the transaction, the senior vice president now directly owns 5,618 shares of the company’s stock, valued at approximately $1,118,094.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NYSE ROK opened at $203.47 on Friday. The firm has a market cap of $23.49 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.78 and a beta of 1.45. The company has a 50 day moving average of $190.25 and a 200-day moving average of $166.58. The company has a current ratio of 1.54, a quick ratio of 1.24 and a debt-to-equity ratio of 4.84. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $207.11.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.66 billion. Rockwell Automation had a net margin of 10.39% and a return on equity of 99.27%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted $2.11 earnings per share. On average, analysts forecast that Rockwell Automation will post 8.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.02 per share. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.08 annualized dividend and a dividend yield of 2.01%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.06%.

Several research firms recently issued reports on ROK. Longbow Research reissued a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Wells Fargo & Co lowered shares of Rockwell Automation from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $185.00 to $165.00 in a research report on Monday, September 30th. UBS Group began coverage on shares of Rockwell Automation in a research report on Thursday. They issued a “neutral” rating and a $206.00 price target for the company. Citigroup reissued a “neutral” rating and issued a $208.00 price target (up previously from $174.00) on shares of Rockwell Automation in a research report on Wednesday, November 13th. Finally, TheStreet lowered shares of Rockwell Automation from a “b+” rating to a “c+” rating in a research report on Tuesday, November 12th. Fourteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $187.75.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Coastal Capital Group Inc. acquired a new stake in shares of Rockwell Automation during the second quarter worth approximately $25,000. Griffin Asset Management Inc. acquired a new stake in shares of Rockwell Automation during the second quarter worth approximately $26,000. Capital Advisors Ltd. LLC increased its holdings in shares of Rockwell Automation by 426.5% during the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock worth $29,000 after buying an additional 145 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new stake in shares of Rockwell Automation during the second quarter worth approximately $31,000. Finally, Shine Investment Advisory Services Inc. increased its holdings in shares of Rockwell Automation by 112.9% during the third quarter. Shine Investment Advisory Services Inc. now owns 198 shares of the industrial products company’s stock worth $33,000 after buying an additional 105 shares in the last quarter. 73.86% of the stock is owned by institutional investors.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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