Shares of Rockwell Automation (NYSE:ROK) have received a consensus rating of “Hold” from the nineteen analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $188.77.
A number of research firms have recently issued reports on ROK. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Cowen boosted their price objective on Rockwell Automation from $165.00 to $175.00 and gave the company a “market perform” rating in a research report on Tuesday, March 20th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $202.00 price objective on the stock in a research report on Thursday, May 17th. Wells Fargo & Co upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research report on Wednesday, March 28th. Finally, Barclays lowered their price objective on Rockwell Automation from $200.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, March 26th.
In other news, SVP Sujeet Chand sold 4,900 shares of the stock in a transaction on Friday, May 18th. The stock was sold at an average price of $182.46, for a total transaction of $894,054.00. Following the sale, the senior vice president now owns 49,327 shares in the company, valued at $9,000,204.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.65% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Avalon Advisors LLC grew its holdings in shares of Rockwell Automation by 32.0% during the first quarter. Avalon Advisors LLC now owns 1,838 shares of the industrial products company’s stock worth $320,000 after purchasing an additional 446 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Rockwell Automation during the first quarter valued at $1,207,000. HighPoint Advisor Group LLC acquired a new position in shares of Rockwell Automation during the first quarter valued at $228,000. WealthTrust Fairport LLC acquired a new position in shares of Rockwell Automation during the first quarter valued at $172,000. Finally, Suntrust Banks Inc. lifted its stake in shares of Rockwell Automation by 90.6% during the first quarter. Suntrust Banks Inc. now owns 13,815 shares of the industrial products company’s stock valued at $2,406,000 after acquiring an additional 6,566 shares during the period. Institutional investors own 73.10% of the company’s stock.
ROK opened at $166.12 on Tuesday. The company has a market cap of $20.75 billion, a PE ratio of 24.55, a PEG ratio of 1.79 and a beta of 1.29. The company has a current ratio of 2.10, a quick ratio of 1.79 and a debt-to-equity ratio of 0.63. Rockwell Automation has a 1 year low of $155.81 and a 1 year high of $210.72.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Rockwell Automation had a return on equity of 42.38% and a net margin of 6.34%. Rockwell Automation’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 earnings per share. research analysts predict that Rockwell Automation will post 7.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Monday, August 13th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is 54.44%.
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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