Rockwell Automation, Inc. (NYSE:ROK) Receives $305.08 Average Price Target from Analysts

Rockwell Automation, Inc. (NYSE:ROKGet Free Report) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $301.07.

A number of research firms have recently commented on ROK. Barclays dropped their target price on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, June 4th. Loop Capital dropped their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Citigroup dropped their price objective on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Finally, Redburn Atlantic assumed coverage on shares of Rockwell Automation in a report on Monday. They issued a “neutral” rating and a $256.00 price objective for the company.

Read Our Latest Analysis on ROK

Insider Transactions at Rockwell Automation

In other news, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the sale, the senior vice president now owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the sale, the senior vice president now owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John M. Miller sold 467 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The disclosure for this sale can be found here. Insiders sold a total of 2,199 shares of company stock valued at $572,750 in the last quarter. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Rockwell Automation

Hedge funds have recently bought and sold shares of the business. Patrick M Sweeney & Associates Inc. acquired a new stake in Rockwell Automation in the 4th quarter valued at $380,000. Sequoia Financial Advisors LLC grew its position in Rockwell Automation by 676.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after purchasing an additional 28,016 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Rockwell Automation by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock valued at $3,266,000 after purchasing an additional 97 shares during the period. Carnegie Capital Asset Management LLC grew its position in Rockwell Automation by 5.0% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock valued at $26,562,000 after purchasing an additional 4,093 shares during the period. Finally, Lincoln National Corp grew its position in Rockwell Automation by 76.5% in the 4th quarter. Lincoln National Corp now owns 3,111 shares of the industrial products company’s stock valued at $966,000 after purchasing an additional 1,348 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Up 1.4 %

ROK stock opened at $265.00 on Thursday. The stock has a market capitalization of $30.21 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 4.38 and a beta of 1.37. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. Rockwell Automation has a 12 month low of $249.00 and a 12 month high of $348.52. The firm has a 50-day moving average price of $264.56 and a 200-day moving average price of $279.37.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.01 earnings per share. As a group, equities research analysts anticipate that Rockwell Automation will post 10.15 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s dividend payout ratio (DPR) is 48.88%.

About Rockwell Automation

(Get Free Report

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.

Further Reading

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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