Rockwell Automation, Inc. (NYSE:ROK)‘s stock had its “hold” rating restated by equities research analysts at Oppenheimer Holdings, Inc. in a report released on Friday.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. J P Morgan Chase & Co upgraded shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 target price on the stock in a report on Thursday, July 27th. HSBC Holdings plc restated a “hold” rating and issued a $147.00 target price (up previously from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $167.00 target price on shares of Rockwell Automation in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Rockwell Automation presently has an average rating of “Hold” and an average price target of $152.33.

Shares of Rockwell Automation (NYSE:ROK) traded up 0.07% on Friday, hitting $161.38. 567,777 shares of the stock were exchanged. The company has a 50 day moving average of $164.38 and a 200 day moving average of $157.79. Rockwell Automation has a 52-week low of $111.52 and a 52-week high of $167.97. The company has a market cap of $20.71 billion, a price-to-earnings ratio of 26.02 and a beta of 1.17.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business earned $1.55 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts forecast that Rockwell Automation will post $6.75 earnings per share for the current year.

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In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $158.71, for a total transaction of $634,840.00. Following the completion of the transaction, the senior vice president now owns 29,195 shares of the company’s stock, valued at $4,633,538.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith D. Nosbusch sold 20,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $159.00, for a total value of $3,180,000.00. Following the transaction, the director now directly owns 421,286 shares of the company’s stock, valued at approximately $66,984,474. The disclosure for this sale can be found here. Insiders have sold 114,825 shares of company stock valued at $18,637,613 in the last three months. Insiders own 1.65% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ROK. Keel Point LLC raised its position in shares of Rockwell Automation by 0.3% in the first quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock valued at $268,000 after buying an additional 5 shares in the last quarter. CWM LLC raised its position in shares of Rockwell Automation by 0.3% in the second quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock valued at $344,000 after buying an additional 6 shares in the last quarter. Sfmg LLC raised its position in shares of Rockwell Automation by 0.4% in the first quarter. Sfmg LLC now owns 1,788 shares of the industrial products company’s stock valued at $278,000 after buying an additional 7 shares in the last quarter. WealthTrust Fairport LLC raised its position in shares of Rockwell Automation by 0.5% in the first quarter. WealthTrust Fairport LLC now owns 1,669 shares of the industrial products company’s stock valued at $260,000 after buying an additional 8 shares in the last quarter. Finally, Advisor Partners LLC raised its position in shares of Rockwell Automation by 0.3% in the second quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock valued at $416,000 after buying an additional 8 shares in the last quarter. 73.38% 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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