Rockwell Automation (ROK) Given Hold Rating at Stifel Nicolaus
Stifel Nicolaus reaffirmed their hold rating on shares of Rockwell Automation (NYSE:ROK) in a research note released on Monday. The firm currently has a $198.00 price objective on the industrial products company’s stock.
ROK has been the topic of a number of other reports. Goldman Sachs Group restated a neutral rating and set a $193.00 target price on shares of Rockwell Automation in a research report on Friday. ValuEngine downgraded shares of Rockwell Automation from a buy rating to a hold rating in a research report on Monday, October 2nd. Oppenheimer restated a hold rating on shares of Rockwell Automation in a research report on Friday, August 18th. Morgan Stanley restated an equal weight rating and set a $173.00 target price (up from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Rockwell Automation from a hold rating to a buy rating and set a $209.00 target price on the stock in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Rockwell Automation currently has an average rating of Hold and a consensus target price of $167.87.
Shares of Rockwell Automation (NYSE ROK) traded down $1.39 during midday trading on Monday, reaching $191.47. 485,800 shares of the company traded hands, compared to its average volume of 875,929. The firm has a market cap of $24,783.07, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. Rockwell Automation has a 1-year low of $133.61 and a 1-year high of $210.72.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.52 EPS. research analysts predict that Rockwell Automation will post 7.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 1.74%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date was Friday, November 10th. Rockwell Automation’s dividend payout ratio is presently 52.68%.
In related news, VP Steven W. Etzel sold 514 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $98,045.50. Following the transaction, the vice president now owns 7,737 shares in the company, valued at $1,475,832.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Patrick P. Goris sold 527 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.57, for a total value of $100,430.39. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 1,340 shares of company stock valued at $137,336 and have sold 18,025 shares valued at $3,285,650. 1.65% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board grew its holdings in Rockwell Automation by 0.5% during the third quarter. Canada Pension Plan Investment Board now owns 231,974 shares of the industrial products company’s stock worth $41,340,000 after buying an additional 1,219 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Rockwell Automation in the third quarter worth about $186,000. Frontier Investment Mgmt Co. purchased a new stake in shares of Rockwell Automation in the second quarter worth about $620,000. Oregon Public Employees Retirement Fund lifted its position in shares of Rockwell Automation by 11.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 56,252 shares of the industrial products company’s stock worth $10,025,000 after buying an additional 5,803 shares in the last quarter. Finally, Oakbrook Investments LLC lifted its position in shares of Rockwell Automation by 42.6% in the third quarter. Oakbrook Investments LLC now owns 11,625 shares of the industrial products company’s stock worth $2,072,000 after buying an additional 3,475 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.
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.
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