Wolfe Research cut shares of Rockwell Automation (NYSE:ROK) to a market perform rating in a report released on Tuesday, The Fly reports.

ROK has been the topic of several other research reports. Citigroup set a $185.00 price target on Rockwell Automation and gave the stock a hold rating in a research note on Thursday, November 8th. Wells Fargo & Co cut their price target on Rockwell Automation from $210.00 to $205.00 and set an outperform rating on the stock in a research note on Thursday, November 8th. Zacks Investment Research cut Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday, December 19th. Barclays cut their price target on Rockwell Automation from $170.00 to $165.00 and set an equal weight rating on the stock in a research note on Monday. Finally, Cowen cut Rockwell Automation from a market perform rating to an underperform rating and cut their price target for the stock from $175.00 to $150.00 in a research note on Monday, October 15th. Five equities 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 currently has an average rating of Hold and a consensus target price of $172.27.

Shares of NYSE:ROK traded up $2.70 during trading on Tuesday, hitting $156.02. The company’s stock had a trading volume of 1,089,452 shares, compared to its average volume of 997,471. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.27. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $209.38. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $1.69 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that Rockwell Automation will post 9.01 EPS for the current year.

In related news, CFO Patrick P. Goris sold 177 shares of the stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $167.71, for a total value of $29,684.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Blake D. Moret sold 5,584 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $175.97, for a total value of $982,616.48. Following the completion of the transaction, the chief executive officer now directly owns 41,196 shares of the company’s stock, valued at $7,249,260.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,724 shares of company stock valued at $6,100,662. 1.43% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of ROK. New England Research & Management Inc. acquired a new stake in Rockwell Automation in the fourth quarter worth approximately $233,000. Acropolis Investment Management LLC lifted its position in shares of Rockwell Automation by 8.9% during the 4th quarter. Acropolis Investment Management LLC now owns 4,981 shares of the industrial products company’s stock valued at $750,000 after acquiring an additional 405 shares during the last quarter. Diversified Trust Co lifted its position in shares of Rockwell Automation by 6.6% during the 3rd quarter. Diversified Trust Co now owns 1,623 shares of the industrial products company’s stock valued at $304,000 after acquiring an additional 100 shares during the last quarter. Palo Capital Inc. acquired a new stake in shares of Rockwell Automation during the 3rd quarter valued at $1,987,000. Finally, Avitas Wealth Management LLC lifted its position in shares of Rockwell Automation by 2.8% during the 3rd quarter. Avitas Wealth Management LLC now owns 17,667 shares of the industrial products company’s stock valued at $3,313,000 after acquiring an additional 486 shares during the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

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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