Stock analysts at UBS Group started coverage on shares of Rockwell Automation (NYSE:ROK) in a research report issued to clients and investors on Monday, The Fly reports. The firm set a “buy” rating on the industrial products company’s stock.
ROK has been the subject of several other reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $173.00 target price (up from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $198.00 target price on shares of Rockwell Automation in a research report on Monday, December 11th. Citigroup raised their target price on shares of Rockwell Automation from $187.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. cut shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $193.00 target price on shares of Rockwell Automation in a research report on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $172.29.
Rockwell Automation (ROK) traded up $0.42 during trading hours on Monday, hitting $203.93. 897,640 shares of the stock traded hands, compared to its average volume of 644,508. Rockwell Automation has a 12-month low of $139.51 and a 12-month 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 stock has a market cap of $26,210.00, a PE ratio of 32.11, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23.
In other Rockwell Automation news, CFO Patrick P. Goris sold 145 shares of Rockwell Automation stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.36, for a total value of $27,892.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence D. Kingsley bought 375 shares of the firm’s stock in a transaction on Sunday, November 12th. The stock was purchased at an average cost of $104.00 per share, with a total value of $39,000.00. Following the completion of the acquisition, the director now directly owns 5,421 shares of the company’s stock, valued at approximately $563,784. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 10,770 shares of company stock valued at $2,054,871. 1.28% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Voya Investment Management LLC grew its stake in shares of Rockwell Automation by 741.5% in the second quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock worth $112,712,000 after acquiring an additional 613,225 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Rockwell Automation by 47.2% in the third quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock worth $277,788,000 after acquiring an additional 499,745 shares during the period. Vanguard Group Inc. grew its stake in shares of Rockwell Automation by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock worth $1,420,278,000 after acquiring an additional 268,101 shares during the period. APG Asset Management N.V. grew its stake in shares of Rockwell Automation by 153.3% in the third quarter. APG Asset Management N.V. now owns 326,473 shares of the industrial products company’s stock worth $58,181,000 after acquiring an additional 197,600 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Rockwell Automation by 1,078.5% in the second quarter. Janus Henderson Group PLC now owns 199,405 shares of the industrial products company’s stock worth $32,295,000 after acquiring an additional 182,485 shares during the period. 72.87% of the stock is owned by institutional investors and hedge funds.
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Rockwell Automation Company Profile
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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