Scott Genereux Sells 500 Shares of Rockwell Automation, Inc. (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Scott Genereux sold 500 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Scott Genereux also recently made the following trade(s):

• On Monday, December 9th, Scott Genereux sold 278 shares of Rockwell Automation stock. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12.
• On Thursday, December 5th, Scott Genereux sold 279 shares of Rockwell Automation stock. The shares were sold at an average price of $296.13, for a total transaction of $82,620.27.

Rockwell Automation Stock Up 2.2 %

ROK stock opened at $273.79 on Thursday. The firm has a 50-day moving average price of $284.98 and a 200-day moving average price of $278.70. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market capitalization 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.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results 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 net margin of 11.38% and a return on equity of 30.17%. As a group, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

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

Institutional Investors Weigh In On Rockwell Automation

Several hedge funds have recently modified their holdings of ROK. Ashton Thomas Securities LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter valued at $26,000. West Oak Capital LLC boosted its holdings in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 82 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter valued at $34,000. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation during the 4th quarter worth approximately $34,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ROK shares. Wells Fargo & Company upped their price objective on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Morgan Stanley upped their price objective on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Barclays increased their target price on shares of Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Oppenheimer increased their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $307.55.

Rockwell Automation Company Profile

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.