Rockwell Automation (ROK) Upgraded to Outperform at Wolfe Research

Rockwell Automation (NYSE:ROK) was upgraded by equities research analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a research report issued on Monday, November 20th, The Fly reports.

A number of other research analysts have also recently issued reports on ROK. BidaskClub cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. J P Morgan Chase & Co raised shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target for the company in a report on Thursday, July 27th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a report on Friday, July 28th. Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Finally, Credit Suisse Group lowered their price target on shares of Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating for the company in a report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $165.00.

Shares of Rockwell Automation (ROK) traded up $1.67 on Monday, reaching $192.26. 720,905 shares of the company’s stock were exchanged, compared to its average volume of 878,768. The company has a market capitalization of $24,117.42, a PE ratio of 27.80, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. Rockwell Automation has a 1 year low of $133.61 and a 1 year high of $210.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts expect that Rockwell Automation will post 7.39 earnings per share for the current fiscal year.

In other news, Director Lawrence D. Kingsley purchased 272 shares of Rockwell Automation stock in a transaction dated Saturday, September 9th. The shares were bought at an average cost of $113.19 per share, with a total value of $30,787.68. Following the completion of the transaction, the director now directly owns 5,421 shares in the company, valued at approximately $613,602.99. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Blake D. Moret sold 5,677 shares of Rockwell Automation stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total transaction of $965,657.70. Following the transaction, the insider now directly owns 21,426 shares in the company, valued at $3,644,562.60. The disclosure for this sale can be found here. Over the last three months, insiders have bought 1,612 shares of company stock worth $168,124 and have sold 18,025 shares worth $3,285,650. Company insiders own 1.65% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Valeo Financial Advisors LLC bought a new stake in Rockwell Automation in the 3rd quarter valued at $131,000. Acrospire Investment Management LLC lifted its position in Rockwell Automation by 166.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares in the last quarter. Rockefeller Financial Services Inc. bought a new stake in Rockwell Automation during the 3rd quarter worth about $143,000. Sun Life Financial INC lifted its position in Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after buying an additional 934 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Rockwell Automation during the 3rd quarter worth about $186,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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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.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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