Rockwell Automation, Inc. (NYSE:ROK) has earned an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $145.25.

Several analysts have recently commented on the stock. Credit Suisse Group restated a “hold” rating and set a $145.00 price objective on shares of Rockwell Automation in a research report on Thursday, March 30th. Gabelli upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Barclays PLC raised their price objective on shares of Rockwell Automation from $166.00 to $167.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Stifel Nicolaus raised their price objective on shares of Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Finally, Morgan Stanley raised their price objective on shares of Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th.

Rockwell Automation (NYSE:ROK) traded down 0.32% during trading on Tuesday, hitting $164.16. 642,847 shares of the company’s stock traded hands. The company’s 50 day moving average is $159.63 and its 200-day moving average is $151.73. The stock has a market cap of $21.15 billion, a P/E ratio of 27.40 and a beta of 1.17. Rockwell Automation has a 12 month low of $111.52 and a 12 month high of $165.52.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.15. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Rockwell Automation will post $6.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a yield of 1.85%. Rockwell Automation’s dividend payout ratio is currently 50.75%.

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In other Rockwell Automation news, insider Kenneth M. Champa sold 5,000 shares of Rockwell Automation stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $159.08, for a total value of $795,400.00. Following the completion of the transaction, the insider now directly owns 8,169 shares of the company’s stock, valued at approximately $1,299,524.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Betty C. Alewine sold 7,173 shares of Rockwell Automation stock in a transaction on Friday, April 28th. The stock was sold at an average price of $158.52, for a total transaction of $1,137,063.96. Following the completion of the transaction, the director now directly owns 20,584 shares of the company’s stock, valued at $3,262,975.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,605 shares of company stock worth $20,469,855. 1.65% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Jacobus Wealth Management Inc. acquired a new position in shares of Rockwell Automation during the first quarter worth approximately $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock worth $112,000 after buying an additional 680 shares during the last quarter. Appleton Group LLC acquired a new position in shares of Rockwell Automation during the first quarter worth approximately $213,000. Hunter Associates Investment Management LLC acquired a new position in shares of Rockwell Automation during the first quarter worth approximately $215,000. Finally, S&CO Inc. acquired a new position in shares of Rockwell Automation during the first quarter worth approximately $216,000. 73.93% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Company Profile

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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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