Rockwell Automation (NYSE:ROK) has been given a $145.00 target price by equities researchers at Berenberg Bank in a report issued on Monday. The firm currently has a “sell” rating on the industrial products company’s stock. Berenberg Bank’s target price suggests a potential downside of 14.43% from the company’s current price.

A number of other research firms also recently weighed in on ROK. ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Friday, September 21st. Wells Fargo & Co raised their target price on shares of Rockwell Automation from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, October 2nd. Barclays reaffirmed a “hold” rating and issued a $176.00 target price on shares of Rockwell Automation in a research report on Thursday, July 26th. Morgan Stanley raised their target price on shares of Rockwell Automation from $187.00 to $192.00 and gave the company an “equal weight” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $177.29.

Rockwell Automation stock traded down $2.15 during mid-day trading on Monday, reaching $169.45. The company’s stock had a trading volume of 2,936 shares, compared to its average volume of 1,215,071. The company has a market cap of $20.71 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.28. Rockwell Automation has a 12 month low of $153.67 and a 12 month high of $209.38. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.09. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. Rockwell Automation had a net margin of 8.03% and a return on equity of 57.53%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.69 earnings per share. On average, equities research analysts forecast that Rockwell Automation will post 9 EPS for the current year.

Rockwell Automation announced that its Board of Directors has approved a share repurchase plan on Thursday, September 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to buy up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

In other Rockwell Automation news, VP Susan Schmitt sold 4,500 shares of the 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 completion of 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 accessible through this hyperlink. Company insiders own 1.28% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ROK. Neuberger Berman Group LLC increased its position in Rockwell Automation by 19.4% during the third quarter. Neuberger Berman Group LLC now owns 724,420 shares of the industrial products company’s stock worth $135,844,000 after acquiring an additional 117,816 shares during the period. Kentucky Retirement Systems bought a new position in Rockwell Automation during the third quarter worth about $1,353,000. Koshinski Asset Management Inc. bought a new position in Rockwell Automation during the third quarter worth about $1,292,000. AQR Capital Management LLC increased its position in Rockwell Automation by 120.3% during the third quarter. AQR Capital Management LLC now owns 225,488 shares of the industrial products company’s stock worth $42,284,000 after acquiring an additional 123,148 shares during the period. Finally, HPM Partners LLC bought a new position in Rockwell Automation during the third quarter worth about $220,000. Institutional investors own 77.08% 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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