Rockwell Automation (ROK) – Research Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Rockwell Automation (NYSE: ROK) in the last few weeks:

  • 11/27/2019 – Rockwell Automation was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating.
  • 11/19/2019 – Rockwell Automation was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $208.00 price target on the stock.
  • 11/18/2019 – Rockwell Automation was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating.
  • 11/15/2019 – Rockwell Automation had its price target raised by analysts at JPMorgan Chase & Co. from $146.00 to $151.00. They now have a “neutral” rating on the stock.
  • 11/14/2019 – Rockwell Automation had its price target raised by analysts at Morgan Stanley from $142.00 to $180.00. They now have an “underweight” rating on the stock.
  • 11/14/2019 – Rockwell Automation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $209.00 price target on the stock. According to Zacks, “Rockwell Automation’s fourth-quarter fiscal 2019 adjusted earnings declined year-over-year despite an increase in revenues. However, the company beat the Zacks Consensus Estimate on both the metrics. The company expects fiscal 2020 earnings per share at $8.70-$9.10. The mid-point of the guidance indicates a year-over-year growth of 3%. The recent slowdown in U.S manufacturing activity, weakness in the automotive, semiconductor and chemical markets remain concerns. Nevertheless, Rockwell Automation's results will be aided by growth in Hybrid industries such as Life Sciences, Food & beverage, and Tire markets. The company is likely to witness above-market growth through a combination of share gains in core platforms, double-digit growth in Information Solutions and Connected Services, and acquisitions and inorganic investments.”
  • 11/13/2019 – Rockwell Automation had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a $208.00 price target on the stock, up previously from $174.00.
  • 11/13/2019 – Rockwell Automation was upgraded by analysts at Credit Suisse Group AG from an “underperform” rating to a “neutral” rating. They now have a $191.00 price target on the stock, up previously from $161.00.
  • 11/13/2019 – Rockwell Automation was downgraded by analysts at G.Research, Llc from a “buy” rating to a “hold” rating.
  • 11/13/2019 – Rockwell Automation was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating.
  • 11/13/2019 – Rockwell Automation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/12/2019 – Rockwell Automation was downgraded by analysts at TheStreet from a “b+” rating to a “c+” rating.
  • 11/1/2019 – Rockwell Automation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/16/2019 – Rockwell Automation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. They now have a $177.00 price target on the stock. According to Zacks, “Rockwell Automation expects sales to dip 0.5% year over year to $6.6 billion in fiscal 2019. Fiscal 2019 earnings per share guidance is $8.50-$8.70, lower than the prior forecast of $8.85-$9.15. Uncertainty with respect to global trade is influencing customers’ investment decisions, which is likely to weigh on the company’s performance. The recent slowdown in U.S manufacturing activity, weakness in the automotive and semiconductor markets remain concerns. Nevertheless, Rockwell Automation's results will be aided by momentum in heavy industries, particularly in oil and gas, pulp and paper, and mining markets. The company is likely to witness above-market growth through a combination of share gains in core platforms, double-digit growth in Information Solutions and Connected Services, and acquisitions and inorganic investments.”
  • 10/15/2019 – Rockwell Automation had its price target lowered by analysts at Citigroup Inc from $180.00 to $174.00. They now have a “neutral” rating on the stock.
  • 10/11/2019 – Rockwell Automation had its price target lowered by analysts at Morgan Stanley from $145.00 to $142.00. They now have an “underweight” rating on the stock.
  • 10/10/2019 – Rockwell Automation had its price target raised by analysts at JPMorgan Chase & Co. from $145.00 to $146.00. They now have a “neutral” rating on the stock.
  • 10/4/2019 – Rockwell Automation had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $159.00 price target on the stock.

Shares of NYSE ROK opened at $191.36 on Tuesday. The company has a market cap of $22.63 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.45. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $207.11. The company has a debt-to-equity ratio of 4.84, a current ratio of 1.54 and a quick ratio of 1.24. The company has a 50-day simple moving average of $183.45 and a 200-day simple moving average of $164.40.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.09. Rockwell Automation had a net margin of 10.39% and a return on equity of 99.27%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts anticipate that Rockwell Automation will post 8.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 2.13%. Rockwell Automation’s payout ratio is 47.06%.

In other news, VP David M. Dorgan sold 10,148 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $198.22, for a total transaction of $2,011,536.56. Following the completion of the transaction, the vice president now owns 11,339 shares of the company’s stock, valued at approximately $2,247,616.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Blake D. Moret sold 1,700 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $179.07, for a total transaction of $304,419.00. Following the transaction, the chief executive officer now owns 41,395 shares in the company, valued at $7,412,602.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,148 shares of company stock worth $7,191,094. Corporate insiders own 1.43% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clear Perspective Advisors LLC purchased a new position in shares of Rockwell Automation in the 2nd quarter worth about $61,000. Evercore Wealth Management LLC purchased a new stake in Rockwell Automation during the second quarter worth approximately $237,000. Ontario Teachers Pension Plan Board increased its position in shares of Rockwell Automation by 241.4% in the second quarter. Ontario Teachers Pension Plan Board now owns 47,525 shares of the industrial products company’s stock worth $7,786,000 after acquiring an additional 33,603 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Rockwell Automation by 10.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,885 shares of the industrial products company’s stock worth $311,000 after acquiring an additional 175 shares in the last quarter. Finally, Cabot Wealth Management Inc. raised its stake in shares of Rockwell Automation by 25.4% in the 2nd quarter. Cabot Wealth Management Inc. now owns 50,130 shares of the industrial products company’s stock valued at $8,213,000 after acquiring an additional 10,159 shares during the period. 73.86% of the stock is currently owned by institutional investors and hedge funds.

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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