Rockwell Automation, Inc. (NYSE:ROK) has been given a consensus recommendation of “Hold” by the nineteen ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $152.58.

ROK has been the subject of several research analyst reports. BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Cowen and Company lifted their price target on shares of Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, July 6th. Wolfe Research initiated coverage on shares of Rockwell Automation in a research note on Tuesday, July 11th. They set a “peer perform” rating for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 price target on shares of Rockwell Automation in a research note on Wednesday, July 19th.

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Shares of Rockwell Automation (NYSE ROK) traded up 0.12% on Friday, reaching $177.55. The company had a trading volume of 492,062 shares. Rockwell Automation has a 52 week low of $113.50 and a 52 week high of $178.11. The stock’s 50 day moving average is $164.79 and its 200 day moving average is $160.06. The firm has a market capitalization of $22.79 billion, a price-to-earnings ratio of 28.63 and a beta of 1.16.

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

In other news, insider Blake D. Moret sold 1,723 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total transaction of $293,013.38. Following the sale, the insider now directly owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Keith D. Nosbusch sold 10,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $165.00, for a total transaction of $1,650,000.00. Following the sale, the director now directly owns 411,286 shares in the company, valued at $67,862,190. The disclosure for this sale can be found here. Insiders sold 65,825 shares of company stock worth $10,917,484 over the last ninety days. Corporate insiders own 1.65% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Keel Point LLC lifted its position in Rockwell Automation by 0.3% during the first quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 5 shares during the period. CWM LLC lifted its position in Rockwell Automation by 0.3% during the second quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 6 shares during the period. Advisor Partners LLC lifted its position in Rockwell Automation by 0.3% during the second quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock valued at $416,000 after purchasing an additional 8 shares during the period. Sfmg LLC lifted its position in Rockwell Automation by 0.4% during the second quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 8 shares during the period. Finally, Westside Investment Management Inc. lifted its position in Rockwell Automation by 0.5% during the second quarter. Westside Investment Management Inc. now owns 1,666 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 9 shares during the period. Institutional investors own 73.61% of the company’s stock.

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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