Rockwell Automation, Inc. (NYSE:ROK)‘s stock had its “hold” rating reiterated by equities research analysts at HSBC Holdings plc in a note issued to investors on Saturday. They presently have a $147.00 target price on the industrial products company’s stock, up from their prior target price of $134.00. HSBC Holdings plc’s target price would suggest a potential downside of 10.95% from the company’s current price.

ROK has been the topic of several other reports. Barclays PLC lifted their price target on Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Stifel Nicolaus lifted their price target on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Wolfe Research assumed coverage on Rockwell Automation in a research note on Tuesday, July 11th. They issued a “peer perform” rating on the stock. One investment 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. Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $148.53.

Shares of Rockwell Automation (ROK) traded down 1.05% during trading on Friday, reaching $165.08. 633,564 shares of the company’s stock were exchanged. The stock has a market cap of $21.27 billion, a P/E ratio of 27.55 and a beta of 1.17. The company has a 50 day moving average of $162.60 and a 200 day moving average of $154.71. Rockwell Automation has a 12-month low of $111.52 and a 12-month high of $167.97.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.15. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Rockwell Automation will post $6.66 EPS for the current year.

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In other news, VP Steven W. Etzel sold 3,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $158.54, for a total transaction of $475,620.00. Following the sale, the vice president now owns 9,465 shares in the company, valued at $1,500,581.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Betty C. Alewine sold 7,173 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $158.52, for a total value of $1,137,063.96. Following the sale, the director now owns 20,584 shares in the company, valued at approximately $3,262,975.68. The disclosure for this sale can be found here. Insiders sold 129,605 shares of company stock worth $20,469,855 over the last quarter. Company insiders own 1.65% of the company’s stock.

Several institutional investors have recently modified their holdings of ROK. Univest Corp of Pennsylvania bought a new position in Rockwell Automation during the first quarter valued at $224,000. Gulf International Bank UK Ltd raised its position in Rockwell Automation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 40,598 shares of the industrial products company’s stock valued at $6,321,000 after buying an additional 515 shares during the last quarter. S&CO Inc. bought a new position in Rockwell Automation during the first quarter valued at $216,000. Manning & Napier Advisors LLC raised its position in Rockwell Automation by 8.0% in the first quarter. Manning & Napier Advisors LLC now owns 21,858 shares of the industrial products company’s stock valued at $3,402,000 after buying an additional 1,613 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in Rockwell Automation by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 111,007 shares of the industrial products company’s stock valued at $17,285,000 after buying an additional 3,858 shares during the last quarter. 73.52% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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