Rockwell Automation (NYSE:ROK) had its target price lowered by Morgan Stanley from $159.00 to $144.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley’s price target would suggest a potential downside of 7.92% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Gabelli raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Wednesday, May 29th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Rockwell Automation in a report on Wednesday, April 10th. Barclays reaffirmed a “hold” rating and issued a $164.00 price target on shares of Rockwell Automation in a report on Thursday, June 6th. Deutsche Bank upped their price target on Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, UBS Group cut Rockwell Automation from a “buy” rating to a “neutral” rating and upped their price target for the stock from $182.00 to $190.00 in a report on Wednesday, March 20th. Six analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $172.67.
NYSE ROK traded down $2.92 during trading hours on Friday, reaching $156.39. The company’s stock had a trading volume of 6,215 shares, compared to its average volume of 859,847. The stock has a market capitalization of $18.70 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.32 and a beta of 1.43. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $198.23. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.07). The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.71 billion. Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 EPS. Equities analysts predict that Rockwell Automation will post 8.9 EPS for the current fiscal year.
In other Rockwell Automation news, SVP Michael Laszkiewicz sold 263 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $159.38, for a total transaction of $41,916.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.43% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in ROK. Zions Bancorporation N.A. purchased a new stake in shares of Rockwell Automation in the first quarter valued at approximately $26,000. JOYN Advisors Inc. grew its position in shares of Rockwell Automation by 104.4% in the fourth quarter. JOYN Advisors Inc. now owns 186 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 95 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $29,000. TCG Advisors LP purchased a new stake in shares of Rockwell Automation in the first quarter valued at approximately $29,000. Finally, Thor Advisors LLC purchased a new stake in shares of Rockwell Automation in the first quarter valued at approximately $29,000. 75.18% of the stock is owned by institutional investors and hedge funds.
Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.
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