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.

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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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