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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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