Rockwell Automation, Inc. (ROK) Receives Consensus Rating of “Hold” from Analysts

Shares of Rockwell Automation, Inc. (NYSE:ROK) have earned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $165.15.

Several equities analysts recently weighed in on ROK shares. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a report on Tuesday, July 11th. BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $173.00 target price (up previously from $168.00) on shares of Rockwell Automation in a research note on Monday, October 2nd. Finally, HSBC Holdings plc reaffirmed a “hold” rating and issued a $147.00 target price (up previously from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd.

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Rockwell Automation (NYSE ROK) traded up 0.79% on Thursday, reaching $186.44. 525,354 shares of the company’s stock traded hands. The firm has a market capitalization of $23.93 billion, a PE ratio of 30.07 and a beta of 1.19. Rockwell Automation has a 52-week low of $116.28 and a 52-week high of $186.69. The firm’s 50 day moving average price is $175.88 and its 200 day moving average price is $164.09.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the business posted $1.55 earnings per share. Rockwell Automation’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Rockwell Automation will post $6.78 EPS for the current fiscal year.

In other news, insider Blake D. Moret sold 3,100 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $164.88, for a total transaction of $511,128.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Blake D. Moret sold 1,723 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the sale, the insider now directly owns 22,849 shares of the company’s stock, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. Insiders have sold 65,825 shares of company stock valued at $10,917,484 in the last three months. 1.65% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of ROK. BlackRock Inc. increased its position in shares of Rockwell Automation by 3,186.3% during the first quarter. BlackRock Inc. now owns 9,018,663 shares of the industrial products company’s stock worth $1,404,295,000 after acquiring an additional 8,744,232 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in Rockwell Automation in the second quarter valued at $126,891,000. Ameriprise Financial Inc. grew its position in Rockwell Automation by 277.7% in the second quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock valued at $171,517,000 after purchasing an additional 778,633 shares in the last quarter. Voya Investment Management LLC grew its position in 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 valued at $112,712,000 after purchasing an additional 613,225 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new position in Rockwell Automation in the first quarter valued at $50,715,000. 73.59% of the stock is owned by institutional investors.

About Rockwell Automation

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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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