Rockwell Automation (NYSE:ROK) had its price target boosted by Credit Suisse Group from $215.00 to $226.00 in a research report released on Wednesday, The Fly reports. Credit Suisse Group currently has a neutral rating on the industrial products company’s stock.
Several other analysts also recently weighed in on ROK. Deutsche Bank raised their target price on Rockwell Automation from $165.00 to $212.00 and gave the company a hold rating in a research note on Wednesday, April 29th. Oppenheimer raised their target price on Rockwell Automation from $182.00 to $215.00 and gave the company an outperform rating in a research note on Wednesday, April 29th. Vertical Research downgraded Rockwell Automation from a hold rating to a sell rating and set a $120.00 price target for the company. in a research note on Tuesday, March 31st. Robert W. Baird lifted their price target on Rockwell Automation from $134.00 to $167.00 and gave the stock a neutral rating in a research note on Thursday, April 9th. Finally, Bank of America upgraded Rockwell Automation from a neutral rating to a buy rating and set a $250.00 price target for the company in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $202.59.
NYSE:ROK opened at $218.14 on Wednesday. The business’s 50-day moving average is $214.27 and its two-hundred day moving average is $193.19. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.31 and a quick ratio of 1.21. Rockwell Automation has a 12 month low of $115.38 and a 12 month high of $230.93. The firm has a market capitalization of $25.30 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 5.00 and a beta of 1.50.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Rockwell Automation had a return on equity of 105.45% and a net margin of 11.85%. The firm’s revenue was down 16.3% compared to the same quarter last year. During the same period last year, the company posted $2.40 earnings per share. Equities analysts anticipate that Rockwell Automation will post 7.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 14th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.87%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.06%.
In related news, SVP Sujeet Chand sold 9,922 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $213.58, for a total transaction of $2,119,140.76. Following the sale, the senior vice president now owns 38,587 shares of the company’s stock, valued at $8,241,411.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Frank C. Kulaszewicz sold 4,545 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $216.97, for a total value of $986,128.65. Following the sale, the senior vice president now directly owns 23,254 shares in the company, valued at approximately $5,045,420.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,181 shares of company stock worth $6,851,010. Corporate insiders own 0.77% of the company’s stock.
A number of large investors have recently made changes to their positions in ROK. Comerica Bank grew its position in Rockwell Automation by 7.5% during the 2nd quarter. Comerica Bank now owns 32,315 shares of the industrial products company’s stock worth $7,323,000 after purchasing an additional 2,243 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Rockwell Automation during the 2nd quarter worth approximately $240,000. Sigma Planning Corp grew its position in Rockwell Automation by 11.0% during the 2nd quarter. Sigma Planning Corp now owns 5,366 shares of the industrial products company’s stock worth $1,143,000 after purchasing an additional 533 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Rockwell Automation during the 2nd quarter worth approximately $51,000. Finally, West Bancorporation Inc. purchased a new position in Rockwell Automation during the 2nd quarter worth approximately $203,000. 77.35% of the stock is currently owned by hedge funds and other institutional investors.
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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