Rockwell Automation (NYSE:ROK) had its price objective reduced by Wells Fargo & Co from $210.00 to $205.00 in a report released on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Wells Fargo & Co’s target price indicates a potential upside of 21.11% from the stock’s current price.

Several other brokerages also recently commented on ROK. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a report on Friday, September 21st. Barclays reiterated a “hold” rating and set a $176.00 price target on shares of Rockwell Automation in a report on Thursday, July 26th. Morgan Stanley increased their price target on Rockwell Automation from $187.00 to $192.00 and gave the company an “equal weight” rating in a report on Friday, July 27th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, UBS Group lowered their price target on Rockwell Automation from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Thursday, August 30th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $179.46.

ROK stock traded down $3.03 during midday trading on Thursday, hitting $169.27. 1,541,036 shares of the company traded hands, compared to its average volume of 1,299,858. Rockwell Automation has a twelve month low of $153.67 and a twelve month high of $209.38. The company has a quick ratio of 1.60, a current ratio of 2.12 and a debt-to-equity ratio of 0.76. The company has a market cap of $22.04 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.71 and a beta of 1.28.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $2.11 EPS for the quarter, beating the consensus estimate of $2.02 by $0.09. Rockwell Automation had a return on equity of 57.53% and a net margin of 8.03%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that Rockwell Automation will post 9.01 EPS for the current fiscal year.

Rockwell Automation announced that its Board of Directors has initiated a stock repurchase program on Thursday, September 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, VP Susan Schmitt sold 4,500 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $175.02, for a total value of $787,590.00. Following the sale, the vice president now owns 15,967 shares in the company, valued at $2,794,544.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.65% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. boosted its stake in Rockwell Automation by 27.9% during the second quarter. Baird Financial Group Inc. now owns 258,416 shares of the industrial products company’s stock worth $42,956,000 after buying an additional 56,414 shares in the last quarter. BB&T Securities LLC boosted its stake in Rockwell Automation by 28.1% during the second quarter. BB&T Securities LLC now owns 4,952 shares of the industrial products company’s stock worth $823,000 after buying an additional 1,087 shares in the last quarter. Somerville Kurt F boosted its stake in Rockwell Automation by 1.8% during the third quarter. Somerville Kurt F now owns 62,934 shares of the industrial products company’s stock worth $11,802,000 after buying an additional 1,105 shares in the last quarter. BB&T Corp boosted its stake in Rockwell Automation by 34.4% during the third quarter. BB&T Corp now owns 13,467 shares of the industrial products company’s stock worth $2,526,000 after buying an additional 3,449 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its stake in Rockwell Automation by 64.8% during the second quarter. Chartwell Investment Partners LLC now owns 13,699 shares of the industrial products company’s stock worth $2,277,000 after buying an additional 5,385 shares in the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.

Rockwell Automation Company Profile

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.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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