Keith D. Nosbusch Sold 10,000 Shares of Rockwell Automation (ROK) Shares

Keith D. Nosbusch Sold 10,000 Shares of Rockwell Automation (ROK) Shares

Rockwell Automation (NYSE:ROK) Director Keith D. Nosbusch sold 10,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $159.50, for a total value of $1,595,000.00. Following the completion of the transaction, the director now owns 411,286 shares in the company, valued at $65,600,117. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Rockwell Automation (NYSE:ROK) opened at 161.07 on Friday. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 26.89 and a beta of 1.07. The stock’s 50 day moving average price is $156.31 and its 200 day moving average price is $147.93. Rockwell Automation has a 12 month low of $107.17 and a 12 month high of $165.00.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.40 by $0.15. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Rockwell Automation had a return on equity of 38.57% and a net margin of 12.77%. Rockwell Automation’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. Analysts expect that Rockwell Automation will post $6.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 15th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $3.04 annualized dividend and a yield of 1.89%. Rockwell Automation’s payout ratio is currently 52.23%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB bought a new position in shares of Rockwell Automation during the third quarter worth about $5,094,000. 1832 Asset Management L.P. increased its position in shares of Rockwell Automation by 114.3% in the third quarter. 1832 Asset Management L.P. now owns 97,500 shares of the industrial products company’s stock worth $11,928,000 after buying an additional 52,000 shares in the last quarter. Page Arthur B increased its position in shares of Rockwell Automation by 0.3% in the third quarter. Page Arthur B now owns 15,931 shares of the industrial products company’s stock worth $1,949,000 after buying an additional 45 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Rockwell Automation during the third quarter worth about $16,316,000. Finally, Virtus Investment Advisers Inc. bought a new position in shares of Rockwell Automation during the third quarter worth about $221,000. Institutional investors own 72.56% of the company’s stock.

Several brokerages have weighed in on ROK. Morgan Stanley raised their price objective on Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Barclays PLC raised their price objective on Rockwell Automation from $166.00 to $167.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Credit Suisse Group AG restated a “hold” rating and set a $145.00 price objective on shares of Rockwell Automation in a research note on Thursday, March 30th. Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, Stifel Nicolaus raised their price objective on Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Rockwell Automation has an average rating of “Hold” and an average target price of $141.50.

Rockwell Automation Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ROK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment