Rockwell Automation Inc. (NYSE:ROK) saw strong trading volume on Friday . 801,714 shares were traded during trading, a decline of 0% from the previous session’s volume of 802,275 shares.The stock last traded at $118.00 and had previously closed at $119.31.

Several research firms have recently commented on ROK. Zacks Investment Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Canaccord Genuity downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price objective on the stock. in a report on Tuesday, July 26th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Wednesday, June 22nd. Citigroup Inc. dropped their price objective on shares of Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th. Finally, Barclays PLC dropped their price objective on shares of Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $106.25.

The company has a market capitalization of $15.32 billion and a P/E ratio of 21.07. The firm has a 50-day moving average price of $117.30 and a 200-day moving average price of $112.49.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, July 27th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.59 earnings per share. On average, equities analysts predict that Rockwell Automation Inc. will post $5.90 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Monday, August 15th will be given a $0.725 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.90 dividend on an annualized basis and a yield of 2.45%.

In related news, VP Douglas M. Hagerman sold 300 shares of Rockwell Automation stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $119.75, for a total value of $35,925.00. Following the transaction, the vice president now directly owns 40,227 shares in the company, valued at approximately $4,817,183.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Douglas M. Hagerman sold 6,000 shares of Rockwell Automation stock in a transaction on Monday, June 6th. The shares were sold at an average price of $119.30, for a total transaction of $715,800.00. Following the completion of the transaction, the vice president now owns 40,227 shares in the company, valued at $4,799,081.10. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Rockwell Automation stock. BNP Paribas Arbitrage SA increased its stake in Rockwell Automation Inc. (NYSE:ROK) by 433.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,615 shares of the company’s stock after buying an additional 24,877 shares during the period. BNP Paribas Arbitrage SA’s holdings in Rockwell Automation were worth $3,141,000 as of its most recent filing with the SEC.

Rockwell Automation, Inc (Rockwell Automation), is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software, which deals in hardware, software and communication components of the organization, and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products, application expertise and project management capabilities.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.