Rockwell Automation, Inc. (ROK) Given Hold Rating at Stifel Nicolaus
Rockwell Automation, Inc. (NYSE:ROK)‘s stock had its “hold” rating restated by analysts at Stifel Nicolaus in a report issued on Thursday. They presently have a $183.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price target suggests a potential downside of 0.41% from the company’s previous close.
ROK has been the topic of a number of other research reports. Cowen and Company boosted their price objective on Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, July 6th. Credit Suisse Group reduced their price objective on Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a research note on Friday, July 28th. J P Morgan Chase & Co upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price objective on the stock in a research note on Thursday, July 27th. Finally, Citigroup Inc. restated a “neutral” rating and set a $187.00 price objective (up previously from $175.00) on shares of Rockwell Automation in a research note on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $163.43.
Shares of Rockwell Automation (ROK) opened at 183.75 on Thursday. The firm has a 50-day moving average price of $172.21 and a 200-day moving average price of $162.97. Rockwell Automation has a 52-week low of $115.09 and a 52-week high of $184.14. The firm has a market cap of $23.59 billion, a price-to-earnings ratio of 29.63 and a beta of 1.19.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Analysts predict that Rockwell Automation will post $6.76 EPS for the current fiscal year.
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In other Rockwell Automation news, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the sale, the insider now owns 22,849 shares in the company, valued at $3,885,700.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith D. Nosbusch sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $165.00, for a total value of $1,650,000.00. Following the sale, the director now owns 411,286 shares in the company, valued at approximately $67,862,190. The disclosure for this sale can be found here. Insiders have sold 65,825 shares of company stock worth $10,917,484 in the last 90 days. 1.65% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ROK. Acrospire Investment Management LLC raised its stake in Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after buying an additional 499 shares in the last quarter. Sun Life Financial INC raised its stake in Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after buying an additional 934 shares in the last quarter. Clarkston Capital Partners LLC acquired a new stake in Rockwell Automation during the second quarter valued at approximately $206,000. Verition Fund Management LLC acquired a new stake in Rockwell Automation during the second quarter valued at approximately $207,000. Finally, Parsons Capital Management Inc. RI acquired a new stake in Rockwell Automation during the first quarter valued at approximately $218,000. Hedge funds and other institutional investors own 73.61% of the company’s stock.
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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