Daiwa Capital Markets began coverage on shares of Rockwell Automation (NYSE:ROK) in a report published on Wednesday, December 20th. The firm issued a neutral rating and a $199.00 price objective on the industrial products company’s stock.
Several other analysts have also weighed in on ROK. Credit Suisse Group lowered their price objective on Rockwell Automation from $155.00 to $154.00 and set a neutral rating for the company in a report on Wednesday, August 23rd. ValuEngine raised Rockwell Automation from a hold rating to a buy rating in a report on Thursday, September 7th. Cowen reissued a hold rating and issued a $140.00 price objective on shares of Rockwell Automation in a report on Sunday, September 17th. Zacks Investment Research raised Rockwell Automation from a hold rating to a buy rating and set a $200.00 price objective for the company in a report on Monday, October 2nd. Finally, Morgan Stanley reaffirmed an equal weight rating and set a $173.00 target price (up from $168.00) on shares of Rockwell Automation in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $171.60.
Shares of Rockwell Automation (NYSE:ROK) traded up $1.78 during trading on Wednesday, reaching $207.92. The company had a trading volume of 603,200 shares, compared to its average volume of 635,756. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06. The company has a market capitalization of $26,720.00, a price-to-earnings ratio of 32.74, a P/E/G ratio of 2.33 and a beta of 1.23. Rockwell Automation has a 1 year low of $139.38 and a 1 year high of $210.72.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. equities analysts anticipate that Rockwell Automation will post 7.39 EPS for the current year.
In other news, CFO Patrick P. Goris sold 145 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $192.36, for a total transaction of $27,892.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven W. Etzel sold 514 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $98,045.50. Following the transaction, the vice president now owns 7,737 shares of the company’s stock, valued at $1,475,832.75. The disclosure for this sale can be found here. Insiders have sold 10,770 shares of company stock valued at $2,054,871 over the last ninety days. Corporate insiders own 1.28% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in shares of Rockwell Automation by 166.3% during the second 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 during the period. Valeo Financial Advisors LLC acquired a new position in shares of Rockwell Automation during the third quarter worth approximately $131,000. Rockefeller Financial Services Inc. acquired a new position in shares of Rockwell Automation during the third quarter worth approximately $143,000. Sun Life Financial INC boosted its position in shares of Rockwell Automation by 8,490.9% during the second 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 during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Rockwell Automation during the third quarter worth approximately $186,000. Institutional investors and hedge funds own 72.84% of the company’s stock.
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Rockwell Automation Company Profile
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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