What Did This CEO Just Do with Personal Shares of Rockwell Automation Inc (NYSE: ROK)?

By Carrie Williams

Today, the COB, Pres & CEO of Rockwell Automation Inc (NYSE: ROK), Keith Nosbusch, sold shares of ROK for $6.63M.

Following Keith Nosbusch’s last ROK Sell transaction on February 09, 2016, the stock climbed by 38.6%. In addition to Keith Nosbusch, 10 other ROK executives reported Sell trades in the last month.

The company has a one year high of $133.54 and a one year low of $87.53. ROK’s market cap is $17.27B and the company has a P/E ratio of 23.95. Currently, Rockwell Automation Inc has an average volume of 815.3K.

Based on 8 analyst ratings, the analyst consensus is Hold with an average price target of $123.20, reflecting a 8.3% upside. Four different firms, including Merrill Lynch and J.P. Morgan, currently also have a Sell rating on the stock.

The insider sentiment on Rockwell Automation Inc has been negative according to 78 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Rockwell Automation, Inc. provides industrial automation power, control and information solutions. The company operates its business through the following segments: Architecture and Software, and Control Products and Solutions. The Architecture and Software segment contains all of the hardware, software and communication components of the company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise. The Control Products and Solutions segment combines a comprehensive portfolio of intelligent motor control and industrial control products, application expertise and project management capabilities. Its brands include Allen-Bradley, Rockwell Automation and Rockwell Software. Rockwell Automation business roots back to 1903, when the Allen Bradley was formed. It was founded in 1928 and is headquartered in Milwaukee, WI.