A number of research firms have changed their ratings and price targets for Rockwell Automation (NYSE: ROK):

  • 12/11/2017 – Rockwell Automation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $198.00 price target on the stock.
  • 12/8/2017 – Rockwell Automation had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $193.00 price target on the stock.
  • 12/1/2017 – Rockwell Automation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/29/2017 – Rockwell Automation is now covered by analysts at J P Morgan Chase & Co. They set a “neutral” rating on the stock.
  • 11/20/2017 – Rockwell Automation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 11/20/2017 – Rockwell Automation was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
  • 11/10/2017 – Rockwell Automation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Rockwell Automation’s fourth-quarter fiscal 2017 adjusted earnings per share improved on a year driven by higher sales, partially offset by higher investment spending, incentive compensation. While revenues beat the Zacks Consensus Estimate, earnings missed. Backed by improving global macroeconomic conditions and strong order performance, Rockwell Automation anticipates reported sales growth of 5-8% for fiscal 2018 and adjusted EPS in the range of $7.20-$7.50. The mid-point of the earnings guidance range depicts year-over-year growth of 9%. The company will benefit from the consistent growth in the consumer and transportation verticals as well as heavy industries. Investment Connected Enterprise (“CE”), acquisitions and share repurchases will support growth. Its shares have outperformed the industry in the past year. However, higher restructuring charges and input costs will dent near-term margins.”
  • 11/10/2017 – Rockwell Automation had its price target raised by analysts at Citigroup Inc. from $187.00 to $200.00. They now have a “neutral” rating on the stock.
  • 11/9/2017 – Rockwell Automation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 11/2/2017 – Rockwell Automation was downgraded by analysts at from a “hold” rating to a “reduce” rating.
  • 10/17/2017 – Rockwell Automation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $209.00 price target on the stock. According to Zacks, “Backed by an improving macro environment, Rockwell Automation expects adjusted earnings per share to lie between $6.60 and $6.80 and projects sales to be around $6.3 billion in fiscal 2017. The company will benefit from the consistent growth in the consumer and transportation verticals and expects heavy industries to grow in 2017 despite the prevailing softness in oil and gas and mining. Further, increased investment, acquisitions, product launches and share repurchases will support growth. Its shares have outperformed the industry in the past year.”

Shares of Rockwell Automation, Inc. (NYSE:ROK) opened at $189.45 on Friday. The company has a market cap of $24,340.00, a price-to-earnings ratio of 28.26, a P/E/G ratio of 2.14 and a beta of 1.23. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Rockwell Automation, Inc. has a 1-year low of $133.61 and a 1-year high of $210.72.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. Rockwell Automation’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 EPS. analysts expect that Rockwell Automation, Inc. will post 7.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were issued a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s payout ratio is presently 52.60%.

In related news, CEO Blake D. Moret sold 5,309 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.75, for a total value of $1,012,691.75. Following the completion of the sale, the chief executive officer now owns 30,720 shares of the company’s stock, valued at approximately $5,859,840. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lawrence D. Kingsley purchased 365 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was bought at an average cost of $99.77 per share, with a total value of $36,416.05. Following the acquisition, the director now owns 5,421 shares in the company, valued at approximately $540,853.17. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,340 shares of company stock valued at $137,336 and sold 10,770 shares valued at $2,054,871. 1.65% of the stock is currently owned by insiders.

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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