Rockwell Automation, Inc. (ROK) Receives Average Recommendation of “Hold” from Brokerages
Shares of Rockwell Automation, Inc. (NYSE:ROK) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $142.50.
A number of research firms recently weighed in on ROK. Morgan Stanley lifted their price target on Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Stifel Nicolaus lifted their price target on Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Barclays PLC set a $176.00 price target on Rockwell Automation and gave the company a “buy” rating in a research note on Wednesday, April 26th. Credit Suisse Group restated a “hold” rating and issued a $155.00 price target on shares of Rockwell Automation in a research note on Thursday, April 27th. Finally, Gabelli upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th.
Shares of Rockwell Automation (NYSE ROK) traded up 1.327% on Friday, hitting $163.745. The stock had a trading volume of 553,440 shares. Rockwell Automation has a one year low of $107.17 and a one year high of $165.00. The company has a market cap of $21.10 billion, a price-to-earnings ratio of 27.332 and a beta of 1.08. The firm’s 50-day moving average is $158.28 and its 200-day moving average is $149.88.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.15. Rockwell Automation had a return on equity of 39.71% and a net margin of 12.88%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect that Rockwell Automation will post $6.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a $0.76 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.88%. Rockwell Automation’s dividend payout ratio (DPR) is 50.75%.
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In other news, insider Kenneth M. Champa sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $159.08, for a total value of $795,400.00. Following the completion of the transaction, the insider now directly owns 8,169 shares of the company’s stock, valued at $1,299,524.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith D. Nosbusch sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $157.50, for a total value of $3,150,000.00. Following the completion of the transaction, the director now directly owns 411,286 shares of the company’s stock, valued at $64,777,545. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,605 shares of company stock valued at $20,469,855. Insiders own 1.65% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ROK. Bessemer Group Inc. boosted its position in Rockwell Automation by 61.3% in the fourth quarter. Bessemer Group Inc. now owns 3,065 shares of the industrial products company’s stock worth $412,000 after buying an additional 1,165 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Rockwell Automation by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 180,142 shares of the industrial products company’s stock worth $24,211,000 after buying an additional 2,367 shares during the period. Comerica Bank boosted its position in Rockwell Automation by 3.3% in the fourth quarter. Comerica Bank now owns 42,996 shares of the industrial products company’s stock worth $6,105,000 after buying an additional 1,388 shares during the period. Wetherby Asset Management Inc. boosted its position in Rockwell Automation by 1.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 2,489 shares of the industrial products company’s stock worth $335,000 after buying an additional 28 shares during the period. Finally, Van ECK Associates Corp boosted its position in Rockwell Automation by 5.7% in the fourth quarter. Van ECK Associates Corp now owns 2,099 shares of the industrial products company’s stock worth $282,000 after buying an additional 114 shares during the period. 73.95% of the stock is owned by institutional investors.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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