John M. Miller Sells 467 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) VP John M. Miller sold 467 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now 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 this hyperlink.

Rockwell Automation Stock Down 0.4 %

NYSE ROK traded down $1.13 on Friday, hitting $269.98. 157,452 shares of the stock were exchanged, compared to its average volume of 1,013,254. The company has a 50-day moving average price of $279.54 and a 200-day moving average price of $283.23. Rockwell Automation, Inc. has a fifty-two week low of $252.11 and a fifty-two week high of $348.52. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The company has a market cap of $30.78 billion, a PE ratio of 26.50, a PEG ratio of 4.29 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.01 EPS. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 10.17 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ROK shares. Citigroup decreased their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Oppenheimer decreased their target price on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Barclays reduced their price target on shares of Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 8th. Loop Capital reduced their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Berenberg Bank reaffirmed a “hold” rating and set a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation has an average rating of “Hold” and an average price target of $307.93.

Institutional Trading of Rockwell Automation

Large investors have recently bought and sold shares of the business. Bruce G. Allen Investments LLC acquired a new stake in Rockwell Automation during the 4th quarter worth $27,000. OFI Invest Asset Management purchased a new position in Rockwell Automation during the 3rd quarter worth $26,000. Provence Wealth Management Group purchased a new position in Rockwell Automation during the 3rd quarter worth $27,000. Riverview Trust Co purchased a new position in Rockwell Automation during the 1st quarter worth $28,000. Finally, Bfsg LLC purchased a new position in Rockwell Automation during the 1st quarter worth $29,000. Institutional investors and hedge funds 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.