Rockwell Automation (ROK) Downgraded by ValuEngine

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.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. analysts expect that Rockwell Automation will post 7.39 earnings per share for the current year.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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