Rockwell Automation’s (ROK) “Hold” Rating Reiterated at Stifel Nicolaus
Rockwell Automation, Inc. (NYSE:ROK)‘s stock had its “hold” rating reissued by investment analysts at Stifel Nicolaus in a note issued to investors on Wednesday. They currently have a $167.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 0.91% from the company’s previous close.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a report on Tuesday, July 11th. BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Barclays PLC set a $176.00 price target on shares of Rockwell Automation and gave the stock a “buy” rating in a report on Wednesday, April 26th. Morgan Stanley increased their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Finally, Gabelli raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $145.93.
Shares of Rockwell Automation (ROK) traded up 0.299% during mid-day trading on Wednesday, hitting $165.985. 123,001 shares of the stock traded hands. The firm has a 50 day moving average of $162.14 and a 200 day moving average of $154.52. Rockwell Automation has a 12 month low of $111.52 and a 12 month high of $167.80. The stock has a market cap of $21.38 billion, a price-to-earnings ratio of 27.706 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Rockwell Automation will post $6.66 EPS for the current fiscal year.
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In related news, VP Steven W. Etzel sold 3,000 shares of Rockwell Automation stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $158.54, for a total value of $475,620.00. Following the completion of the transaction, the vice president now owns 9,465 shares in the company, valued at $1,500,581.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Betty C. Alewine sold 7,173 shares of Rockwell Automation stock in a transaction that occurred 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 owns 20,584 shares of the company’s stock, valued at approximately $3,262,975.68. The disclosure for this sale can be found here. In the last three months, insiders sold 129,605 shares of company stock valued at $20,469,855. Insiders own 1.65% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Chelsea Counsel Company boosted its stake in Rockwell Automation by 55.2% in the third quarter. Chelsea Counsel Company now owns 14,755 shares of the industrial products company’s stock worth $1,497,000 after buying an additional 5,250 shares during the last quarter. Janus Capital Management boosted its position in shares of Rockwell Automation by 1,280.3% in the third quarter. Janus Capital Management now owns 80,626 shares of the industrial products company’s stock worth $8,181,000 after buying an additional 74,785 shares during the last quarter. Pensionfund Sabic acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $1,437,000. Pensionfund DSM Netherlands acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $2,873,000. Finally, Lawrence B. Cohen acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $1,678,000. 73.52% of the stock is currently owned by institutional investors.
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.
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