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| Top Buys by Top Brass: CEO Moret's $992.8K Bet on ROKBy Dividend Channel Staff, Tuesday, February 13, 11:18 AM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $992.8K by Blake D. Moret, CEO at Rockwell Automation, Inc. (NYSE:ROK). Moret bets big on ROK:
Moret's average cost works out to $283.64/share. In trading on Tuesday, bargain hunters could buy shares of Rockwell Automation, Inc. (NYSE:ROK) and achieve a cost basis lower than Moret, with shares changing hands as low as $279.79 per share. Shares of Rockwell Automation, Inc. were changing hands at $276.09 at last check, trading down about 1% on Tuesday. The chart below shows the one year performance of ROK shares, versus its 200 day moving average:
Looking at the chart above, ROK's low point in its 52 week range is $252.11 per share, with $348.52 as the 52 week high point — that compares with a last trade of $276.09. The current annualized dividend paid by Rockwell Automation, Inc. is $5/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 02/16/2024. Below is a long-term dividend history chart for ROK, which can be of good help in judging whether the most recent dividend with approx. 1.8% annualized yield is likely to continue.
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