Rockwell Automation (ROK) Coverage Initiated by Analysts at Daiwa Capital Markets

Research analysts at Daiwa Capital Markets started coverage on shares of Rockwell Automation (NYSE:ROK) in a research report issued on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the industrial products company’s stock.

Several other research firms also recently commented on ROK. downgraded shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. J P Morgan Chase & Co assumed coverage on shares of Rockwell Automation in a research report on Wednesday, November 29th. They issued a “neutral” rating for the company. Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a research report on Monday, November 20th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $198.00 target price on shares of Rockwell Automation in a research report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $167.87.

Rockwell Automation (NYSE:ROK) traded up $1.01 during mid-day trading on Wednesday, reaching $193.84. 769,100 shares of the company’s stock traded hands, compared to its average volume of 871,943. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80. The company has a market capitalization of $24,779.21, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. Rockwell Automation has a 12 month low of $133.61 and a 12 month high of $210.72.

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

In related news, CEO Blake D. Moret sold 5,309 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the completion of the sale, the chief executive officer now directly owns 30,720 shares of the company’s stock, valued at approximately $5,859,840. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Elik I. Fooks sold 904 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.77, for a total transaction of $172,456.08. Following the sale, the insider now directly owns 9,464 shares of the company’s stock, valued at $1,805,447.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 1,340 shares of company stock valued at $137,336 and have sold 10,770 shares valued at $2,054,871. 1.65% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC bought a new stake in Rockwell Automation in the 3rd quarter valued at $131,000. Acrospire Investment Management LLC boosted its holdings in Rockwell Automation by 166.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 499 shares during the period. Rockefeller Financial Services Inc. bought a new stake in Rockwell Automation in the 3rd quarter valued at $143,000. Sun Life Financial INC boosted its holdings in Rockwell Automation by 8,490.9% in the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 934 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Rockwell Automation in the 3rd quarter valued at $186,000. 72.78% of the stock is owned by hedge funds and other institutional investors.

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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.