Rockwell Automation, Inc. (NYSE:ROK) SVP Tessa M. Myers Sells 1,231 Shares of Stock

Rockwell Automation, Inc. (NYSE:ROK) SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rockwell Automation Stock Performance

ROK stock opened at $278.20 on Tuesday. The firm has a market cap of $31.46 billion, a PE ratio of 34.65, a P/E/G ratio of 3.53 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $285.83 and a 200-day moving average of $278.69. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.88%. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ROK shares. BNP Paribas downgraded Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target on the stock in a research note on Monday, December 9th. Oppenheimer upped their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Finally, HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target on the stock in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $307.55.

Institutional Investors Weigh In On Rockwell Automation

Institutional investors have recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Rockwell Automation by 0.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock worth $1,079,000 after buying an additional 33 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock valued at $542,000 after buying an additional 35 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of Rockwell Automation by 0.9% in the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG grew 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 purchasing an additional 38 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in shares of Rockwell Automation by 3.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 39 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.