Rockwell Automation Inc. (ROK) Given Consensus Rating of “Hold” by Brokerages
Shares of Rockwell Automation Inc. (NYSE:ROK) have been given an average recommendation of “Hold” by the twenty-two brokerages that are presently covering the company. Six investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $107.38.
Several research analysts have recently weighed in on the stock. Citigroup Inc. upped their price target on shares of Rockwell Automation from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, October 10th. HSBC assumed coverage on shares of Rockwell Automation in a report on Friday, October 7th. They set a “hold” rating and a $108.00 target price for the company. Zacks Investment Research cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Berenberg Bank assumed coverage on shares of Rockwell Automation in a report on Monday, October 3rd. They set a “sell” rating and a $110.00 target price for the company. Finally, Sanford C. Bernstein upgraded shares of Rockwell Automation from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $105.00 to $121.00 in a report on Friday, September 30th.
Rockwell Automation (NYSE:ROK) traded up 1.80% during mid-day trading on Wednesday, reaching $118.06. The company’s stock had a trading volume of 339,856 shares. The company has a market cap of $15.28 billion, a PE ratio of 21.00 and a beta of 1.15. The firm’s 50 day moving average is $116.70 and its 200-day moving average is $115.95. Rockwell Automation has a 12-month low of $87.53 and a 12-month high of $123.48.
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Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.09. The company earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Rockwell Automation had a net margin of 12.54% and a return on equity of 35.83%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 earnings per share. Equities analysts anticipate that Rockwell Automation will post $5.90 earnings per share for the current fiscal year.
In other Rockwell Automation news, VP Steven W. Etzel sold 1,800 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $121.54, for a total transaction of $218,772.00. Following the sale, the vice president now directly owns 8,286 shares in the company, valued at $1,007,080.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William T. Jr/Wi Mccormick sold 686 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $117.03, for a total transaction of $80,282.58. Following the sale, the director now owns 10,951 shares in the company, valued at $1,281,595.53. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Rockwell Automation by 0.8% in the second quarter. Vanguard Group Inc. now owns 7,919,804 shares of the company’s stock worth $909,351,000 after buying an additional 64,944 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Rockwell Automation by 7.1% in the first quarter. Lazard Asset Management LLC now owns 4,257,988 shares of the company’s stock worth $484,345,000 after buying an additional 280,916 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Rockwell Automation by 2.7% in the second quarter. BlackRock Fund Advisors now owns 2,121,240 shares of the company’s stock worth $243,561,000 after buying an additional 55,189 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Rockwell Automation by 5.1% in the first quarter. Geode Capital Management LLC now owns 1,137,963 shares of the company’s stock worth $129,194,000 after buying an additional 55,683 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Rockwell Automation by 2.3% in the second quarter. BlackRock Group LTD now owns 1,075,498 shares of the company’s stock worth $123,490,000 after buying an additional 23,688 shares during the last quarter. Hedge funds and other institutional investors own 74.26% of the company’s stock.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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