Rockwell Automation, Inc. (ROK) VP Douglas M. Hagerman Sold 1,071 Shares

Rockwell Automation, Inc. (ROK) VP Douglas M. Hagerman Sold 1,071 Shares

Rockwell Automation, Inc. (NYSE:ROK) VP Douglas M. Hagerman sold 1,071 shares of the stock in a transaction on Monday, January 30th. The stock was sold at an average price of $148.51, for a total transaction of $159,054.21. Following the sale, the vice president now owns 6,459 shares of the company’s stock, valued at $959,226.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rockwell Automation, Inc. (NYSE:ROK) opened at 147.99 on Wednesday. The company’s 50 day moving average is $139.77 and its 200-day moving average is $125.68. Rockwell Automation, Inc. has a 52-week low of $91.65 and a 52-week high of $155.44. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 25.48 and a beta of 1.07.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, January 25th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.30. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.42 billion. Rockwell Automation had a net margin of 12.77% and a return on equity of 38.57%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 EPS. Equities analysts anticipate that Rockwell Automation, Inc. will post $6.27 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Barclays PLC increased their price objective on shares of Rockwell Automation from $144.00 to $166.00 and gave the stock an “overweight” rating in a research report on Thursday, January 26th. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research report on Friday, January 27th. Gabelli cut shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research report on Friday, January 27th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rockwell Automation in a report on Wednesday, January 25th. Finally, Buckingham Research upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and set a $162.00 price target for the company in a report on Friday, January 20th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $127.53.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CG Asset Management LLC bought a new position in shares of Rockwell Automation during the second quarter worth about $1,250,000. Huntington National Bank increased its position in shares of Rockwell Automation by 30.1% in the second quarter. Huntington National Bank now owns 19,944 shares of the company’s stock worth $2,290,000 after buying an additional 4,620 shares during the last quarter. Trillium Asset Management LLC increased its position in shares of Rockwell Automation by 0.8% in the second quarter. Trillium Asset Management LLC now owns 60,675 shares of the company’s stock worth $6,966,000 after buying an additional 470 shares during the last quarter. LMR Partners LLP bought a new position in shares of Rockwell Automation during the second quarter worth about $351,000. Finally, Nicolet Bankshares Inc. bought a new position in shares of Rockwell Automation during the second quarter worth about $205,000. 72.86% of the stock is currently owned by institutional investors and hedge funds.

About Rockwell Automation

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

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