Rockwell Automation Inc. Hits New 52-Week High at $110.69 (ROK)
Shares of Rockwell Automation (NYSE:ROK) hit a new 52-week high on Friday, American Banking & Market News reports. The company traded as high as $110.69 and last traded at $110.52, with a volume of 566,027 shares trading hands. The stock had previously closed at $108.08.
A number of research firms have recently commented on ROK. Analysts at Deutsche Bank raised their price target on shares of Rockwell Automation from $72.00 to $73.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Rockwell Automation in a research note to investors on Monday, October 7th. They now have a $106.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Rockwell Automation from $99.00 to $105.00 in a research note to investors on Monday, October 7th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $96.64.
Rockwell Automation has a 1-year low of $68.30 and a 1-year high of $110.69. The stock’s 50-day moving average is $105.6 and its 200-day moving average is $93.59. The company has a market cap of $15.312 billion and a price-to-earnings ratio of 20.78.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.15. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the company posted $1.33 earnings per share. Rockwell Automation’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that Rockwell Automation will post $5.62 EPS for the current fiscal year.
Rockwell Automation, Inc (NYSE:ROK) is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses.
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