Share on StockTwits

Research analysts at Morgan Stanley upped their target price on shares of Rockwell Automation (NYSE:ROK) from $112.00 to $116.00 in a report released on Thursday. Morgan Stanley’s price target would indicate a potential downside of 5.64% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America initiated coverage on shares of Rockwell Automation in a research note on Friday, May 16th. They set a “buy” rating and a $140.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note on Thursday, May 1st. They now have a $125.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rockwell Automation in a research note on Wednesday, April 30th. They now have a $141.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $118.67.

Rockwell Automation (NYSE:ROK) traded down 1.32% during mid-day trading on Thursday, hitting $122.93. The stock had a trading volume of 550,502 shares. Rockwell Automation has a one year low of $89.26 and a one year high of $128.57. The stock’s 50-day moving average is $124.4 and its 200-day moving average is $121.0. The company has a market cap of $17.019 billion and a price-to-earnings ratio of 21.92.

Rockwell Automation (NYSE:ROK) last released its earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.44 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company posted $1.33 earnings per share. Rockwell Automation’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Rockwell Automation will post $6.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Thursday, August 7th.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.