Rockwell Automation (NYSE:ROK) has been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $171.07.

Several research firms have recently issued reports on ROK. Wells Fargo & Co reissued a “buy” rating on shares of Rockwell Automation in a research note on Friday, July 26th. Morgan Stanley lowered their target price on shares of Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating on the stock in a research note on Friday, June 14th. JPMorgan Chase & Co. set a $154.00 target price on shares of Rockwell Automation and gave the stock a “hold” rating in a research note on Friday, July 19th. Zacks Investment Research raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 target price on the stock in a research note on Thursday, July 18th. Finally, Barclays lowered their target price on shares of Rockwell Automation from $164.00 to $162.00 and set an “equal weight” rating on the stock in a research note on Monday, July 1st.

In related news, VP John M. Miller sold 3,250 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $163.67, for a total value of $531,927.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael Laszkiewicz sold 263 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $159.38, for a total transaction of $41,916.94. The disclosure for this sale can be found here. Insiders sold a total of 3,810 shares of company stock worth $621,819 over the last ninety days. 1.43% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of ROK. Dimensional Fund Advisors LP raised its position in shares of Rockwell Automation by 18.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 544,681 shares of the industrial products company’s stock worth $81,963,000 after acquiring an additional 86,007 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Rockwell Automation by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 1,702,053 shares of the industrial products company’s stock worth $255,708,000 after acquiring an additional 90,580 shares in the last quarter. Brinker Capital Inc. raised its position in shares of Rockwell Automation by 13.7% in the 1st quarter. Brinker Capital Inc. now owns 10,258 shares of the industrial products company’s stock worth $1,800,000 after acquiring an additional 1,235 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Rockwell Automation in the 1st quarter worth approximately $1,238,000. Finally, Oppenheimer & Co. Inc. raised its position in shares of Rockwell Automation by 33.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,711 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 674 shares in the last quarter. 76.78% of the stock is currently owned by hedge funds and other institutional investors.

ROK traded down $4.64 during midday trading on Friday, hitting $147.87. 672,360 shares of the company were exchanged, compared to its average volume of 945,916. The company’s 50 day simple moving average is $156.85 and its 200 day simple moving average is $167.65. The firm has a market capitalization of $17.84 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.25 and a beta of 1.40. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $198.23.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.11. Rockwell Automation had a return on equity of 78.71% and a net margin of 15.44%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the firm earned $2.16 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Rockwell Automation will post 8.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, August 9th. Rockwell Automation’s dividend payout ratio is presently 47.84%.

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.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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