Matheus De A. G. Viera Bulho Sells 526 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Matheus De A. G. Viera Bulho sold 526 shares of the company’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total transaction of $171,134.10. Following the transaction, the senior vice president now owns 983 shares in the company, valued at approximately $319,819.05. The trade was a 34.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Rockwell Automation Trading Down 2.4%

NYSE ROK opened at $317.36 on Friday. The stock has a market capitalization of $35.77 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 3.53 and a beta of 1.38. The business’s fifty day moving average is $279.47 and its 200-day moving average is $279.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $328.90.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be issued a $1.31 dividend. The ex-dividend date is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.65%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.99%.

Analysts Set New Price Targets

ROK has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Loop Capital boosted their price objective on Rockwell Automation from $280.00 to $290.00 and gave the stock a “hold” rating in a report on Thursday, May 15th. Citigroup raised their target price on Rockwell Automation from $327.00 to $371.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. KeyCorp lifted their target price on Rockwell Automation from $345.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday. Finally, TD Cowen upgraded Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price target for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $317.79.

Hedge Funds Weigh In On Rockwell Automation

Several institutional investors have recently bought and sold shares of ROK. Meiji Yasuda Asset Management Co Ltd. increased its position in 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 valued at $1,079,000 after buying an additional 33 shares in the last quarter. Whittier Trust Co. raised its holdings in Rockwell Automation by 1.9% in the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after buying an additional 35 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after buying an additional 38 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of Rockwell Automation by 3.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock valued at $386,000 after buying an additional 39 shares during the last quarter. Finally, Knuff & Co LLC grew its holdings in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

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.