Rockwell Automation, Inc. (NYSE:ROK) SVP Tessa M. Myers Sells 1,231 Shares

Rockwell Automation, Inc. (NYSE:ROK) SVP Tessa M. Myers sold 1,231 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the sale, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at $1,041,819.50. The trade was a 25.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $273.79 on Thursday. The firm has a market cap of $30.96 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The firm’s 50-day simple moving average is $284.98 and its 200-day simple moving average is $278.70. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

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

Rockwell Automation Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on ROK. Morgan Stanley upped their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Robert W. Baird upped their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. The Goldman Sachs Group raised their price target on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. Citigroup boosted their price objective on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $290.00 to $350.00 in a report on Thursday, December 12th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $307.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter worth about $26,000. West Oak Capital LLC boosted its position in Rockwell Automation by 455.6% in the fourth 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 in the last quarter. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation during the fourth quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation during the fourth quarter worth approximately $35,000. Finally, Parvin Asset Management LLC bought a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $36,000. 75.75% of the stock is owned by institutional investors.

About Rockwell Automation

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.