Rockwell Automation Inc. Reaches New 12-Month High at $119.03 (ROK)
Rockwell Automation (NYSE:ROK) set a new 52-week high during trading hours on Wednesday, Stock Ratings News reports. The company traded as high as $119.03 and last traded at $118.82, with a volume of 550,864 shares. The stock had previously closed at $118.24.
Several analysts have recently commented on the stock. Analysts at BB&T Corp. initiated coverage on shares of Rockwell Automation in a research note to investors on Wednesday, December 18th. They set a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note to investors on Friday, December 13th. They now have a $116.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Rockwell Automation from $101.00 to $107.00 in a research note to investors on Wednesday, November 20th. They now have an “underweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $103.23.
Rockwell Automation has a 52 week low of $80.60 and a 52 week high of $119.03. The stock has a 50-day moving average of $114.1 and a 200-day moving average of $104.9. The company has a market cap of $16.481 billion and a price-to-earnings ratio of 22.06.
Rockwell Automation (NYSE:ROK) last released its earnings data on Thursday, November 7th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.10. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts expect that Rockwell Automation will post $6.23 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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