Rockwell Automation (NYSE:ROK) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Rockwell Automation (NYSE:ROK – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the industrial products company’s stock.

Several other research analysts have also recently issued reports on the company. Robert W. Baird upped their price objective on Rockwell Automation from $285.00 to $292.00 and gave the stock an outperform rating in a research report on Friday, January 27th. Loop Capital boosted their target price on Rockwell Automation from $258.00 to $285.00 in a report on Tuesday, January 31st. Citigroup boosted their target price on Rockwell Automation from $297.00 to $320.00 and gave the company a buy rating in a report on Friday, January 27th. Wells Fargo & Company boosted their target price on Rockwell Automation from $233.00 to $249.00 and gave the company an underweight rating in a report on Thursday, January 19th. Finally, Mizuho upped their price objective on Rockwell Automation from $250.00 to $260.00 and gave the company a neutral rating in a research note on Friday, January 27th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $263.24.

Rockwell Automation Trading Down 3.3 %

ROK opened at $272.71 on Thursday. Rockwell Automation has a 12 month low of $190.08 and a 12 month high of $309.36. The stock has a market capitalization of $31.30 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 2.59 and a beta of 1.44. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.03 and a quick ratio of 0.69. The business has a fifty day moving average price of $286.98 and a 200 day moving average price of $261.52.

Rockwell Automation (NYSE:ROK – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.65. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Rockwell Automation had a return on equity of 38.70% and a net margin of 13.63%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 EPS. Sell-side analysts expect that Rockwell Automation will post 11.22 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st were paid a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, February 17th. Rockwell Automation’s dividend payout ratio is presently 51.14%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 4,534 shares of the business’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $290.49, for a total transaction of $1,317,081.66. Following the completion of the sale, the senior vice president now owns 1,206 shares of the company’s stock, valued at $350,330.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Nicholas C. Gangestad sold 1,975 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $294.25, for a total value of $581,143.75. Following the completion of the sale, the chief financial officer now directly owns 7,757 shares in the company, valued at approximately $2,282,497.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tessa M. Myers sold 4,534 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $290.49, for a total value of $1,317,081.66. Following the completion of the sale, the senior vice president now owns 1,206 shares of the company’s stock, valued at $350,330.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,730 shares of company stock valued at $3,112,032. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Rockwell Automation

Institutional investors have recently made changes to their positions in the company. New Hampshire Trust bought a new position in Rockwell Automation during the 4th quarter worth $26,000. MinichMacGregor Wealth Management LLC acquired a new position in Rockwell Automation during the 4th quarter worth $27,000. Neo Ivy Capital Management acquired a new position in Rockwell Automation during the 2nd quarter worth $29,000. Clear Street Markets LLC acquired a new position in Rockwell Automation during the 4th quarter worth $30,000. Finally, Delta Asset Management LLC TN acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at $32,000. 77.66% of the stock is currently owned by institutional investors.

About Rockwell Automation

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Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment combines a comprehensive portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.