Rockwell Automation (NYSE:ROK) VP Steven W. Etzel sold 70 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $202.86, for a total value of $14,200.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of ROK stock traded down $0.92 during trading hours on Friday, reaching $204.55. The company’s stock had a trading volume of 153,052 shares, compared to its average volume of 781,076. 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 one year low of $141.46 and a one year high of $207.11. The stock has a market capitalization of $23.49 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.78 and a beta of 1.45. The firm’s fifty day simple moving average is $189.63 and its 200 day simple moving average is $166.34.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.09. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. As a group, equities research analysts forecast that Rockwell Automation will post 8.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.02 per share. The ex-dividend date was Friday, November 8th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.99%. Rockwell Automation’s payout ratio is currently 47.06%.
ROK has been the topic of several recent research reports. Longbow Research restated a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Barclays upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 18th. Gabelli lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Credit Suisse Group upgraded Rockwell Automation from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $161.00 to $191.00 in a research report on Wednesday, November 13th. Finally, Morgan Stanley upgraded Rockwell Automation from an “underweight” rating to an “equal” rating in a research report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $187.75.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coastal Capital Group Inc. purchased a new position in Rockwell Automation during the second quarter valued at $25,000. Griffin Asset Management Inc. purchased a new position in Rockwell Automation during the second quarter valued at $26,000. Capital Advisors Ltd. LLC raised its stake in Rockwell Automation by 426.5% during the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock valued at $29,000 after buying an additional 145 shares during the last quarter. River & Mercantile Asset Management LLP purchased a new position in Rockwell Automation during the second quarter valued at $31,000. Finally, Shine Investment Advisory Services Inc. raised its stake in 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 valued at $33,000 after buying an additional 105 shares during the last quarter. Institutional investors own 73.86% of the company’s stock.
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.
Read More: Is a Roth IRA right for you?
Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.