Today it was reported that the Sr VP & Chief Tech. Officer of Rockwell Automation (ROK), Sujeet Chand, exercised options to sell 9,922 ROK shares at $115.69 a share, for a total transaction value of $2.12M.
Following Sujeet Chand’s last ROK Sell transaction on November 15, 2019, the stock climbed by 21.0%. In addition to Sujeet Chand, 8 other ROK executives reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
Based on Rockwell Automation’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.68 billion and quarterly net profit of $132 million. In comparison, last year the company earned revenue of $1.66 billion and had a net profit of $346 million. The company has a one-year high of $220.51 and a one-year low of $115.38. Currently, Rockwell Automation has an average volume of 428.69K.
Based on 15 analyst ratings, the analyst consensus is Hold with an average price target of $183.38, reflecting a 20.0% upside. ROK is a controversial stock, with 4 analysts recommending Buy, while 4 recommends selling the stock. Four different firms, including Gabelli and J.P. Morgan, currently also have a Sell rating on the stock.
The insider sentiment on Rockwell Automation has been negative according to 81 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Sujeet Chand’s trades have generated a -15.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Rockwell Automation, Inc. engages in the provision of industrial automation and information services. It operates through the following segments: Architecture and Software, and Control Products and Solutions . The Architecture and Software segment contains hardware, software, and communication components of its integrated control and information architecture which are capable of controlling the customer’s industrial processes and connecting with their business enterprise. The Control Products and Solutions segment combines a portfolio of intelligent motor control and industrial control products, application expertise, and project management capabilities. The company was founded in 1928 and is headquartered in Milwaukee, WI.