Rockwell Automation (ROK) Price Target Cut to $165.00

Rockwell Automation (NYSE:ROK) had its price target decreased by Barclays from $170.00 to $165.00 in a research report report published on Monday morning. Barclays currently has an equal weight rating on the industrial products company’s stock.

Other equities analysts also recently issued reports about the company. ValuEngine upgraded Rockwell Automation from a hold rating to a buy rating in a research note on Friday, September 21st. Wells Fargo & Co lifted their price target on Rockwell Automation from $205.00 to $210.00 and gave the stock an outperform rating in a research note on Tuesday, October 2nd. Gordon Haskett began coverage on Rockwell Automation in a research note on Friday, October 12th. They issued a buy rating for the company. Credit Suisse Group began coverage on Rockwell Automation in a research note on Friday, October 12th. They issued an underperform rating and a $171.00 target price for the company. Finally, Cowen downgraded Rockwell Automation from a market perform rating to an underperform rating and decreased their target price for the company from $175.00 to $150.00 in a research note on Monday, October 15th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Rockwell Automation presently has an average rating of Hold and an average price target of $172.27.

Shares of Rockwell Automation stock traded down $0.47 during trading hours on Monday, hitting $153.81. 5,255 shares of the company’s stock traded hands, compared to its average volume of 941,902. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.27 and a quick ratio of 1.01. The company has a market capitalization of $18.06 billion, a PE ratio of 19.00, a P/E/G ratio of 1.43 and a beta of 1.32. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $209.38.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. Rockwell Automation had a return on equity of 57.53% and a net margin of 8.03%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.69 earnings per share. On average, equities analysts expect that Rockwell Automation will post 9.03 earnings per share for the current fiscal year.

In other news, Director Keith D. Nosbusch sold 8,024 shares of Rockwell Automation stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $176.24, for a total transaction of $1,414,149.76. Following the sale, the director now owns 430,330 shares of the company’s stock, valued at $75,841,359.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Theodore D. Crandall sold 13,420 shares of Rockwell Automation stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $175.77, for a total value of $2,358,833.40. Following the sale, the insider now directly owns 95,994 shares in the company, valued at approximately $16,872,865.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,724 shares of company stock worth $6,100,662. Corporate insiders own 1.43% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Centaurus Financial Inc. bought a new stake in Rockwell Automation during the second quarter worth approximately $103,000. SRS Capital Advisors Inc. increased its holdings in shares of Rockwell Automation by 3,577.8% in the third quarter. SRS Capital Advisors Inc. now owns 662 shares of the industrial products company’s stock valued at $124,000 after buying an additional 644 shares in the last quarter. Fort L.P. bought a new position in shares of Rockwell Automation in the second quarter valued at $117,000. Ropes Wealth Advisors LLC increased its holdings in shares of Rockwell Automation by 200.0% in the third quarter. Ropes Wealth Advisors LLC now owns 750 shares of the industrial products company’s stock valued at $141,000 after buying an additional 500 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new position in shares of Rockwell Automation in the third quarter valued at $149,000. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Company Profile

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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