Rockwell Automation Receives Average Rating of “Hold” from Analysts (NYSE:ROK)
Shares of Rockwell Automation (NYSE:ROK) have been given an average recommendation of “Hold” by the sixteen brokerages that are presently covering the stock, Analyst RN reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $114.00.
Rockwell Automation (NYSE:ROK) traded up 0.08% during mid-day trading on Tuesday, hitting $122.09. 131,834 shares of the company’s stock traded hands. Rockwell Automation has a 1-year low of $80.60 and a 1-year high of $128.13. The stock’s 50-day moving average is $122.4 and its 200-day moving average is $114.8. The company has a market cap of $16.944 billion and a P/E ratio of 21.66.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Rockwell Automation will post $6.27 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley cut their price target on shares of Rockwell Automation from $114.00 to $113.00 in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note on Thursday, January 30th. They now have a $121.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, January 30th. They now have a $141.00 price target on the stock.
In other Rockwell Automation news, VP Douglas Hagerman sold 13,500 shares of Rockwell Automation stock on the open market in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $125.04, for a total value of $1,688,040.00. Following the completion of the transaction, the vice president now directly owns 47,338 shares in the company, valued at approximately $5,919,144. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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