Rockwell Automation, Inc. (NYSE:ROK – Get Free Report) VP Scott Genereux sold 1,387 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.03, for a total transaction of $557,615.61. Following the completion of the sale, the vice president owned 4,514 shares of the company’s stock, valued at $1,814,763.42. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Scott Genereux also recently made the following trade(s):
- On Monday, December 8th, Scott Genereux sold 267 shares of Rockwell Automation stock. The stock was sold at an average price of $400.85, for a total transaction of $107,026.95.
- On Friday, December 5th, Scott Genereux sold 282 shares of Rockwell Automation stock. The stock was sold at an average price of $402.86, for a total transaction of $113,606.52.
Rockwell Automation Stock Performance
Shares of NYSE:ROK traded up $9.48 during midday trading on Wednesday, hitting $410.09. The company’s stock had a trading volume of 932,398 shares, compared to its average volume of 1,009,787. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. The stock’s 50 day simple moving average is $370.46 and its 200 day simple moving average is $349.75. The stock has a market capitalization of $46.04 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 2.69 and a beta of 1.50. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $413.04.
Rockwell Automation Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be paid a $1.38 dividend. The ex-dividend date is Monday, November 17th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Rockwell Automation’s dividend payout ratio is 72.06%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Barclays boosted their price objective on shares of Rockwell Automation from $417.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. TD Cowen increased their target price on shares of Rockwell Automation from $275.00 to $330.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. Jefferies Financial Group boosted their price target on Rockwell Automation from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Bank of America upped their price target on Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $388.13.
Read Our Latest Analysis on Rockwell Automation
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Rockwell Automation by 7.1% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 440 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 29 shares during the last quarter. Equitable Trust Co. boosted its position in Rockwell Automation by 1.1% in the third quarter. Equitable Trust Co. now owns 2,598 shares of the industrial products company’s stock valued at $908,000 after buying an additional 29 shares in the last quarter. J. Safra Sarasin Holding AG boosted its position in Rockwell Automation by 2.2% in the third quarter. J. Safra Sarasin Holding AG now owns 1,384 shares of the industrial products company’s stock valued at $484,000 after buying an additional 30 shares in the last quarter. Fragasso Financial Advisors Inc grew its stake in Rockwell Automation by 3.6% during the third quarter. Fragasso Financial Advisors Inc now owns 902 shares of the industrial products company’s stock worth $315,000 after buying an additional 31 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of Rockwell Automation by 3.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 1,015 shares of the industrial products company’s stock worth $355,000 after buying an additional 32 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.
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.
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