Weekly Research Analysts’ Ratings Updates for Rockwell Automation (ROK)

Rockwell Automation (NYSE: ROK) has recently received a number of price target changes and ratings updates:

  • 1/29/2018 – Rockwell Automation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $224.00 price target on the stock. According to Zacks, “Rockwell Automation’s first-quarter fiscal 2018 adjusted earnings improved 12% year-over-year and beat the Zacks Consensus Estimate on the back of elevated sales, partially offset by higher investment spending. Driven by improving global macroeconomic conditions and strong order performance, Rockwell Automation anticipates reported sales growth of 5-8% for fiscal 2018. The company hiked adjusted EPS guidance to the range of $7.60-$7.90 reflecting the impact of lower tax rates and better-than-expected first-quarter performance. The mid-point of the earnings guidance range depicts year-over-year growth of 15%. The company will benefit from growth in heavy industries vertical. Its priorities for capital allocation remain focused on organic investment, acquisitions and enhancing capital returns for shareholders. The company’s shares have outperformed the industry in the past six months.”
  • 1/25/2018 – Rockwell Automation had its price target raised by analysts at JPMorgan Chase & Co. from $182.00 to $190.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – Rockwell Automation had its price target raised by analysts at Morgan Stanley from $194.00 to $206.00. They now have an “equal weight” rating on the stock.
  • 1/25/2018 – Rockwell Automation had its price target raised by analysts at Wells Fargo & Co from $190.00 to $200.00. They now have a “market perform” rating on the stock.
  • 1/25/2018 – Rockwell Automation had its price target lowered by analysts at Citigroup Inc from $214.00 to $209.00. They now have a “neutral” rating on the stock.
  • 1/22/2018 – Rockwell Automation is now covered by analysts at UBS Group AG. They set a “buy” rating on the stock.
  • 12/20/2017 – Rockwell Automation is now covered by analysts at Daiwa Capital Markets. They set a “neutral” rating and a $199.00 price target on the stock.

Rockwell Automation (NYSE:ROK) traded up $1.77 during midday trading on Monday, reaching $184.81. 60,840 shares of the company’s stock traded hands, compared to its average volume of 877,347. The stock has a market capitalization of $23,389.58, a P/E ratio of 64.85, a PEG ratio of 2.06 and a beta of 1.17. Rockwell Automation has a 1-year low of $148.31 and a 1-year high of $210.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. equities research analysts expect that Rockwell Automation will post 7.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, February 16th. Rockwell Automation’s payout ratio is 117.19%.

In other news, CEO Blake D. Moret sold 5,309 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 30,720 shares of the company’s stock, valued at $5,859,840. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Theodore D. Crandall sold 10,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $202.94, for a total transaction of $2,029,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,966 shares of company stock worth $21,834,799. Insiders own 1.28% of the company’s stock.

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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