Rockwell Automation, Inc. (NYSE:ROK)‘s stock had its “hold” rating reiterated by Cowen and Company in a note issued to investors on Sunday. They currently have a $140.00 target price on the industrial products company’s stock. Cowen and Company’s price objective suggests a potential downside of 19.42% from the company’s current price.

Several other research analysts have also recently issued reports on ROK. BidaskClub raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Wolfe Research initiated coverage on Rockwell Automation in a research report on Tuesday, July 11th. They set a “peer perform” rating for the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 price objective on shares of Rockwell Automation in a research report on Wednesday, July 19th. Finally, HSBC Holdings plc reissued a “hold” rating and issued a $147.00 target price (up from $134.00) on shares of Rockwell Automation in a research report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $152.27.

Shares of Rockwell Automation (ROK) opened at 173.73 on Friday. The firm has a 50-day moving average price of $164.14 and a 200 day moving average price of $159.63. Rockwell Automation has a one year low of $113.50 and a one year high of $174.18. The firm has a market cap of $22.30 billion, a P/E ratio of 28.02 and a beta of 1.16.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. On average, analysts forecast that Rockwell Automation will post $6.75 earnings per share for the current fiscal year.

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In other Rockwell Automation news, insider Blake D. Moret sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $164.88, for a total transaction of $511,128.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith D. Nosbusch sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $165.50, for a total value of $3,310,000.00. Following the sale, the director now directly owns 411,286 shares of the company’s stock, valued at $68,067,833. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,825 shares of company stock valued at $10,917,484. 1.65% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Frontier Investment Mgmt Co. purchased a new stake in Rockwell Automation during the 2nd quarter valued at approximately $620,000. Griffin Asset Management Inc. purchased a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $453,000. United Bank VA raised its stake in shares of Rockwell Automation by 0.6% during the 2nd quarter. United Bank VA now owns 12,539 shares of the industrial products company’s stock worth $2,031,000 after buying an additional 72 shares in the last quarter. Hall Laurie J Trustee raised its stake in shares of Rockwell Automation by 4.9% during the 2nd quarter. Hall Laurie J Trustee now owns 2,375 shares of the industrial products company’s stock worth $385,000 after buying an additional 110 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Rockwell Automation by 38.4% during the 2nd quarter. Toronto Dominion Bank now owns 48,242 shares of the industrial products company’s stock worth $7,812,000 after buying an additional 13,394 shares in the last quarter. 73.66% of the stock is owned by hedge funds and other institutional investors.

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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