Rockwell Automation Inc (ROK) Files Form 4 Insider Selling : Douglas M Hagerman Sells 4,300 Shares

Rockwell Automation Inc (ROK): Douglas M Hagerman , Sr. VP, Gen Counsel and Sec. of Rockwell Automation Inc sold 4,300 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were sold at $119.96 per share for a total value of $515,827.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Douglas M Hagerman (Sr. VP, Gen Counsel and Sec.) sold 6,700 shares at $119.58 per share price.On May 5, 2016, John M Miller (VP and Chief IP Counsel) sold 1,881 shares at $111.71 per share price.Also, On Feb 26, 2016, Susan Schmitt (Sr. VP, HR) sold 1,500 shares at $104.61 per share price.On Dec 8, 2015, Sujeet Chand (Sr VP & Chief Tech. Officer) sold 1,811 shares at $106.45 per share price.

Shares of Rockwell Automation (ROK) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -8.15 points or -6.76% at $112.37 with 20,47,196 shares getting traded. Post opening the session at $115.37, the shares hit an intraday low of $112.08 and an intraday high of $117 and the price vacillated in this range throughout the day. The company has a market cap of $14,638 M and the number of outstanding shares has been calculated to be 13,02,63,542 shares. The 52-week high of Rockwell Automation is $126.77 and the 52-week low is $87.525.

Rockwell Automation Money Flow Index Chart

On Jun 8, 2016, Rockwell Automation announced a cash dividend of $0.7250. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 12, 2016.

Company has been under the radar of several Street Analysts.Rockwell Automation is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $20. The Rating was issued on May 11, 2016.Rockwell Automation is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 120 from a previous price target of $104 .The Rating was issued on Apr 28, 2016.Rockwell Automation is Downgraded by Ladenburg Thalmann to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 28, 2016.Rockwell Automation is Downgraded by Gabelli & Co to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 21, 2016.

Rockwell Automation Inc. (Rockwell Automation) is a provider of industrial automation power control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software which deals in hardware software and communication components of the organization and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products application expertise and project management capabilities. In the United States Canada and certain other countries the Company sells primarily through the independent distributors in conjunction with its direct sales force. In the remaining countries the Company sells through a combination of its direct sales force.

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