Analysts Set Rockwell Automation, Inc. (NYSE:ROK) Price Target at $310.08

Rockwell Automation, Inc. (NYSE:ROK) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $310.08.

A number of equities research analysts have recently commented on ROK shares. Oppenheimer reduced their price objective on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Barclays lowered their price objective on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. Citigroup lowered their price objective on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Finally, UBS Group upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $305.00 to $360.00 in a research note on Wednesday, January 3rd.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total value of $145,000.00. Following the transaction, the vice president now owns 2,383 shares in the company, valued at $691,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Isaac Woods sold 150 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $287.59, for a total value of $43,138.50. Following the sale, the vice president now owns 1,199 shares in the company, valued at $344,820.41. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the completion of the transaction, the vice president now directly owns 2,383 shares of the company’s stock, valued at $691,070. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,877 shares of company stock worth $5,058,772. 0.68% of the stock is currently owned by insiders.

Institutional Trading of Rockwell Automation

Large investors have recently made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in Rockwell Automation during the 4th quarter worth about $27,000. OFI Invest Asset Management purchased a new position in Rockwell Automation during the 3rd quarter worth approximately $26,000. Provence Wealth Management Group purchased a new position in Rockwell Automation during the 3rd quarter worth approximately $27,000. Riverview Trust Co purchased a new position in Rockwell Automation during the 1st quarter worth approximately $28,000. Finally, Bfsg LLC purchased a new position in shares of Rockwell Automation in the 1st quarter valued at approximately $29,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Stock Down 0.3 %

Shares of ROK stock opened at $275.56 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Rockwell Automation has a 1 year low of $252.11 and a 1 year high of $348.52. The firm’s fifty day moving average price is $282.59 and its two-hundred day moving average price is $283.89. The firm has a market capitalization of $31.58 billion, a P/E ratio of 26.22, a PEG ratio of 2.76 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same quarter in the previous year, the firm posted $2.46 earnings per share. On average, equities analysts predict that Rockwell Automation will post 11.98 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.81%. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.