Rockwell Automation, Inc. (NYSE:ROK) had its price objective hoisted by Citigroup Inc. from $187.00 to $200.00 in a report published on Friday. They currently have a neutral rating on the industrial products company’s stock.

ROK has been the topic of a number of other reports. Credit Suisse Group reaffirmed a neutral rating and set a $174.00 price objective (up from $154.00) on shares of Rockwell Automation in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of Rockwell Automation from a hold rating to a buy rating and set a $182.00 price objective on the stock in a research report on Friday, July 28th. Cowen and Company reaffirmed a hold rating and set a $140.00 price objective on shares of Rockwell Automation in a research report on Sunday, September 17th. J P Morgan Chase & Co raised shares of Rockwell Automation from an underweight rating to a neutral rating and set a $153.00 price objective on the stock in a research report on Thursday, July 27th. Finally, ValuEngine downgraded shares of Rockwell Automation from a buy rating to a hold rating in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $165.00.

Rockwell Automation (NYSE:ROK) traded up $2.80 during mid-day trading on Friday, hitting $192.61. 541,900 shares of the stock were exchanged, compared to its average volume of 864,217. Rockwell Automation has a twelve month low of $129.28 and a twelve month high of $210.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.46 and a quick ratio of 3.00. The firm has a market capitalization of $24,750.00, a price-to-earnings ratio of 28.53, a P/E/G ratio of 2.21 and a beta of 1.24.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. equities research analysts predict that Rockwell Automation will post 7.39 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio (DPR) is 47.87%.

In related news, VP David M. Dorgan sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the vice president now directly owns 9,355 shares in the company, valued at approximately $1,544,042.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the sale, the insider now owns 22,849 shares in the company, valued at $3,885,700.94. The disclosure for this sale can be found here. Insiders sold a total of 10,400 shares of company stock worth $1,753,821 in the last ninety days. Insiders own 1.65% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC grew its holdings in shares of Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 499 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in Rockwell Automation in the third quarter valued at approximately $143,000. Sun Life Financial INC boosted its holdings in Rockwell Automation by 8,490.9% in the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 934 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Rockwell Automation in the third quarter valued at approximately $186,000. Finally, Foundry Partners LLC bought a new stake in Rockwell Automation in the third quarter valued at approximately $200,000. 72.90% of the stock is owned by institutional investors.

Rockwell Automation Company Profile

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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