Rockwell Automation Inc. (NYSE:ROK) VP Steven W. Etzel sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $121.54, for a total transaction of $218,772.00. Following the completion of the transaction, the vice president now owns 8,286 shares in the company, valued at approximately $1,007,080.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Rockwell Automation Inc. (NYSE:ROK) opened at 119.70 on Monday. The company has a 50 day moving average of $117.10 and a 200-day moving average of $115.78. The stock has a market capitalization of $15.49 billion, a P/E ratio of 21.30 and a beta of 1.15. Rockwell Automation Inc. has a one year low of $87.53 and a one year high of $123.48.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. The business earned $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Rockwell Automation had a return on equity of 35.83% and a net margin of 12.54%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 earnings per share. Equities research analysts predict that Rockwell Automation Inc. will post $5.90 earnings per share for the current fiscal year.
Several analysts have recently weighed in on ROK shares. Barclays PLC lowered their price objective on shares of Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. HSBC started coverage on shares of Rockwell Automation in a research note on Friday. They issued a “hold” rating and a $108.00 price objective for the company. Canaccord Genuity lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research note on Tuesday, July 26th. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, July 9th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $108.19.
Institutional investors have recently bought and sold shares of the company. Tredje AP fonden increased its position in Rockwell Automation by 262.5% in the second quarter. Tredje AP fonden now owns 870 shares of the company’s stock worth $100,000 after buying an additional 630 shares during the period. Checchi Capital Advisers LLC increased its position in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock worth $108,000 after buying an additional 5 shares during the period. Johnson Financial Group Inc. increased its position in Rockwell Automation by 1,818.4% in the second quarter. Johnson Financial Group Inc. now owns 940 shares of the company’s stock worth $108,000 after buying an additional 891 shares during the period. Meeder Asset Management Inc. purchased a new position in Rockwell Automation during the first quarter worth about $110,000. Finally, Citizens Financial Group Inc RI increased its position in Rockwell Automation by 20.9% in the first quarter. Citizens Financial Group Inc RI now owns 1,344 shares of the company’s stock worth $153,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 74.29% of the company’s stock.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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