Insider Selling: Rockwell Automation, Inc. (NYSE:ROK) VP Sells $145,070.00 in Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the sale, the vice president now owns 1,905 shares in the company, valued at $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Scott Genereux also recently made the following trade(s):

• On Monday, December 9th, Scott Genereux sold 278 shares of Rockwell Automation stock. The stock was sold at an average price of $302.04, for a total transaction of $83,967.12.
• On Thursday, December 5th, Scott Genereux sold 279 shares of Rockwell Automation stock. The shares were sold at an average price of $296.13, for a total transaction of $82,620.27.

Rockwell Automation Stock Up 2.2 %

Shares of ROK stock opened at $273.79 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The firm’s fifty day moving average price is $284.98 and its two-hundred day moving average price is $278.70. The firm 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.

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

Rockwell Automation Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on ROK. BNP Paribas cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and raised their price target for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Morgan Stanley raised their price target on Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Barclays raised their price target on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Loop Capital raised their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $307.55.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock worth $1,079,000 after purchasing an additional 33 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Rockwell Automation by 1.9% during the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 35 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of Rockwell Automation by 0.9% during the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after purchasing an additional 38 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in shares of Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

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.