Rockwell Automation (NYSE:ROK) has been given a consensus rating of “Hold” by the eighteen research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $193.45.

ROK has been the topic of several analyst reports. Wells Fargo raised their target price on shares of Rockwell Automation from $190.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Cowen lifted their price target on Rockwell Automation from $165.00 to $175.00 and gave the company a “market perform” rating in a report on Tuesday, March 20th. Daiwa Capital Markets assumed coverage on Rockwell Automation in a report on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 price target for the company. Morgan Stanley lifted their price target on Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Finally, Citigroup decreased their target price on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a report on Thursday, January 25th.

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ROK traded up $1.59 during trading on Thursday, hitting $175.17. The company’s stock had a trading volume of 342,701 shares, compared to its average volume of 891,106. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57. Rockwell Automation has a one year low of $148.32 and a one year high of $210.72. The company has a market capitalization of $22,091.30, a PE ratio of 24.84, a PEG ratio of 1.95 and a beta of 1.26.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the firm earned $1.75 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. equities analysts forecast that Rockwell Automation will post 7.8 earnings per share for the current fiscal year.

Rockwell Automation announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, VP Robert B. Murphy sold 696 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $200.00, for a total transaction of $139,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John P. Mcdermott sold 1,950 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $187.08, for a total value of $364,806.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,627 shares of company stock valued at $23,604,488. Insiders own 1.28% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ROK. Edge Advisors LLC lifted its stake in shares of Rockwell Automation by 12.8% in the fourth quarter. Edge Advisors LLC now owns 2,472 shares of the industrial products company’s stock worth $484,000 after buying an additional 280 shares in the last quarter. Stephens Inc. AR increased its holdings in Rockwell Automation by 15.9% during the 4th quarter. Stephens Inc. AR now owns 2,184 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 300 shares in the last quarter. Community Bank N.A. increased its stake in shares of Rockwell Automation by 15.8% in the 4th quarter. Community Bank N.A. now owns 2,267 shares of the industrial products company’s stock valued at $445,000 after buying an additional 310 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Rockwell Automation by 4.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,973 shares of the industrial products company’s stock valued at $1,566,000 after buying an additional 350 shares during the period. Finally, Regentatlantic Capital LLC increased its stake in shares of Rockwell Automation by 24.4% in the 4th quarter. Regentatlantic Capital LLC now owns 1,828 shares of the industrial products company’s stock valued at $359,000 after buying an additional 358 shares during the period. 73.22% of the stock is owned by institutional investors and hedge funds.

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About Rockwell Automation

Rockwell Automation Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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