Rockwell Automation (NYSE:ROK)‘s stock had its “neutral” rating restated by stock analysts at Citigroup in a research note issued on Wednesday. They currently have a $208.00 price objective on the industrial products company’s stock, up from their previous price objective of $174.00. Citigroup‘s target price would suggest a potential upside of 3.86% from the company’s previous close.
A number of other brokerages have also weighed in on ROK. JPMorgan Chase & Co. upped their price target on shares of Rockwell Automation from $145.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Gordon Haskett lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Morgan Stanley reduced their price target on shares of Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating for the company in a research note on Friday, October 11th. Zacks Investment Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 price target for the company. in a research note on Wednesday, October 16th. Finally, Gabelli lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $182.20.
Rockwell Automation stock traded up $1.52 during midday trading on Wednesday, reaching $200.27. 730,921 shares of the stock traded hands, compared to its average volume of 1,010,149. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 4.84. The firm has a fifty day moving average price of $171.28 and a two-hundred day moving average price of $162.41. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 2.80 and a beta of 1.41. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $207.11.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.66 billion. Rockwell Automation had a net margin of 10.39% and a return on equity of 99.27%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 EPS. Analysts anticipate that Rockwell Automation will post 8.9 earnings per share for the current year.
In related news, VP David M. Dorgan sold 10,148 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $198.22, for a total transaction of $2,011,536.56. Following the completion of the sale, the vice president now directly owns 11,339 shares of the company’s stock, valued at $2,247,616.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 1,700 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $179.07, for a total transaction of $304,419.00. Following the sale, the chief executive officer now directly owns 41,395 shares of the company’s stock, valued at $7,412,602.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,648 shares of company stock valued at $5,720,944. Company insiders own 1.43% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ROK. Coastal Capital Group Inc. acquired a new stake in Rockwell Automation during the second quarter valued at approximately $25,000. Griffin Asset Management Inc. acquired a new stake in Rockwell Automation during the second quarter valued at approximately $26,000. Capital Advisors Ltd. LLC lifted its stake in Rockwell Automation by 426.5% during the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 145 shares during the last quarter. River & Mercantile Asset Management LLP acquired a new stake in Rockwell Automation during the second quarter valued at approximately $31,000. Finally, Shine Investment Advisory Services Inc. lifted its stake in Rockwell Automation by 112.9% during the third quarter. Shine Investment Advisory Services Inc. now owns 198 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 105 shares during the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.
About Rockwell Automation
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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