Rockwell Automation (NYSE:ROK) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.
ROK has been the subject of several other reports. Credit Suisse Group reiterated a “neutral” rating and issued a $174.00 target price (up from $154.00) on shares of Rockwell Automation in a research note on Wednesday, October 11th. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Wolfe Research upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Cowen reiterated a “hold” rating and issued a $140.00 target price on shares of Rockwell Automation in a research note on Sunday, September 17th. Finally, Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $165.00.
Rockwell Automation (NYSE ROK) traded down $2.63 during trading on Friday, hitting $190.46. 862,894 shares of the stock were exchanged, compared to its average volume of 995,278. Rockwell Automation has a one year low of $133.61 and a one year high of $210.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06. The firm has a market cap of $24,140.00, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24.
In other Rockwell Automation news, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total transaction of $965,657.70. Following the completion of the sale, the insider now directly owns 21,426 shares in the company, valued at $3,644,562.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the sale, the insider now owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC increased its holdings in shares of Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 499 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Rockwell Automation during the third quarter worth approximately $131,000. Rockefeller Financial Services Inc. bought a new position in shares of Rockwell Automation during the third quarter worth approximately $143,000. Sun Life Financial INC increased its holdings in shares of Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 934 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Rockwell Automation during the third quarter worth approximately $186,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
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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.
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