Rockwell Automation, Inc. (NYSE:ROK) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Several other equities analysts have also commented on the company. Cowen and Company increased their price objective on Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, July 6th. Stifel Nicolaus reiterated a “hold” rating and set a $167.00 price objective on shares of Rockwell Automation in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research report on Tuesday, July 11th. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, HSBC Holdings plc restated a “hold” rating and set a $147.00 price target (up from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $152.27.

Shares of Rockwell Automation (ROK) traded up 0.15% during mid-day trading on Thursday, hitting $162.56. The stock had a trading volume of 931,000 shares. The stock has a market cap of $20.87 billion, a P/E ratio of 26.22 and a beta of 1.16. Rockwell Automation has a 12 month low of $111.52 and a 12 month high of $167.97. The firm has a 50 day moving average price of $163.25 and a 200-day moving average price of $158.92.

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

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In other news, VP David M. Dorgan sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the vice president now owns 9,355 shares in the company, valued at approximately $1,544,042.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Frank C. Kulaszewicz sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $165.74, for a total value of $1,325,920.00. Following the completion of the transaction, the senior vice president now owns 33,195 shares of the company’s stock, valued at approximately $5,501,739.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,425 shares of company stock valued at $9,658,813. 1.65% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. M. Kraus & Company increased its position in Rockwell Automation by 8.9% during the 4th quarter. M. Kraus & Company now owns 32,428 shares of the industrial products company’s stock valued at $3,327,000 after buying an additional 2,660 shares in the last quarter. Bank of Montreal Can increased its position in Rockwell Automation by 33.9% during the 3rd quarter. Bank of Montreal Can now owns 352,527 shares of the industrial products company’s stock valued at $43,129,000 after buying an additional 89,336 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Rockwell Automation by 18.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,644 shares of the industrial products company’s stock valued at $2,099,000 after buying an additional 2,386 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Rockwell Automation by 92.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 271,450 shares of the industrial products company’s stock valued at $31,168,000 after buying an additional 130,546 shares in the last quarter. Finally, Chelsea Counsel Company increased its position in Rockwell Automation by 55.2% during the 3rd quarter. Chelsea Counsel Company now owns 14,755 shares of the industrial products company’s stock valued at $1,497,000 after buying an additional 5,250 shares in the last quarter. 73.66% of the stock is 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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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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