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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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