Isaac Woods Sells 876 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 876 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now directly owns 1,057 shares in the company, valued at approximately $300,219.71. The trade was a 45.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Isaac Woods also recently made the following trade(s):

• On Friday, January 10th, Isaac Woods sold 895 shares of Rockwell Automation stock. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40.

Rockwell Automation Stock Performance

NYSE:ROK opened at $273.79 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The stock has a market capitalization of $30.96 billion, a P/E ratio of 34.10, a PEG ratio of 3.53 and a beta of 1.39. The company has a 50 day moving average price of $284.98 and a 200 day moving average price of $278.70. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.91%. Rockwell Automation’s payout ratio is currently 65.26%.

Hedge Funds Weigh In On Rockwell Automation

A number of hedge funds have recently made changes to their positions in ROK. Ashton Thomas Securities LLC purchased a new position in Rockwell Automation in the 3rd quarter valued at approximately $26,000. West Oak Capital LLC boosted its position in Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new position in Rockwell Automation in the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new position in Rockwell Automation in the 4th quarter valued at approximately $35,000. Finally, Parvin Asset Management LLC purchased a new position in Rockwell Automation in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ROK. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. UBS Group began coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective for the company. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their price objective for the company from $290.00 to $350.00 in a report on Thursday, December 12th. Morgan Stanley increased their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a report on Wednesday, January 15th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average price target of $307.55.

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.