Rockwell Automation (NYSE:ROK) Sets New 52-Week Low Following Insider Selling

Rockwell Automation, Inc. (NYSE:ROKGet Free Report) shares reached a new 52-week low on Tuesday following insider selling activity. The stock traded as low as $252.08 and last traded at $252.32, with a volume of 153475 shares trading hands. The stock had previously closed at $257.96.

Specifically, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the completion of the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Rockwell Automation news, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the transaction, the vice president now owns 4,800 shares of the company’s stock, valued at $1,311,696. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total transaction of $171,412.49. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at approximately $1,204,309.30. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

ROK has been the subject of a number of research reports. Loop Capital cut their target price on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Barclays cut their target price on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday. Wells Fargo & Company dropped their price objective on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Finally, Citigroup cut their price target on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $307.21.

Read Our Latest Stock Report on Rockwell Automation

Rockwell Automation Trading Down 1.2 %

The stock has a market cap of $29.07 billion, a PE ratio of 24.93, a P/E/G ratio of 4.02 and a beta of 1.38. The business’s fifty day moving average is $274.03 and its 200 day moving average is $283.44. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.01 earnings per share. As a group, analysts predict that Rockwell Automation, Inc. will post 10.16 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s payout ratio is currently 48.88%.

Hedge Funds Weigh In On Rockwell Automation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bruce G. Allen Investments LLC acquired a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $27,000. Pathway Financial Advisers LLC acquired a new position in shares of Rockwell Automation in the first quarter valued at approximately $26,000. Provence Wealth Management Group acquired a new position in shares of Rockwell Automation in the third quarter valued at approximately $27,000. Riverview Trust Co acquired a new position in shares of Rockwell Automation in the first quarter valued at approximately $28,000. Finally, Bfsg LLC acquired a new position in shares of Rockwell Automation in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Company Profile

(Get Free Report)

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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