Rockwell Automation Inc. (NYSE:ROK) had its target price boosted by Citigroup Inc. from $118.00 to $122.00 in a research report report published on Monday morning. They currently have a neutral rating on the stock.
A number of other equities analysts also recently issued reports on ROK. Credit Suisse Group AG reiterated a hold rating on shares of Rockwell Automation in a research report on Wednesday, June 22nd. Sanford C. Bernstein reiterated an underperform rating on shares of Rockwell Automation in a research report on Monday, June 27th. Zacks Investment Research downgraded Rockwell Automation from a hold rating to a sell rating in a research report on Wednesday, June 29th. Canaccord Genuity downgraded Rockwell Automation from a buy rating to a hold rating and set a $94.00 price target on the stock. in a research report on Tuesday, July 26th. Finally, Barclays PLC lowered their price target on Rockwell Automation from $120.00 to $118.00 and set an equal weight rating on the stock in a research report on Thursday, July 28th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Rockwell Automation presently has a consensus rating of Hold and a consensus price target of $108.43.
Rockwell Automation (NYSE:ROK) opened at 116.30 on Monday. The company has a market cap of $15.05 billion, a P/E ratio of 20.69 and a beta of 1.15. Rockwell Automation has a 52-week low of $87.53 and a 52-week high of $123.48. The stock’s 50 day moving average price is $116.86 and its 200 day moving average price is $115.85.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 27th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. Rockwell Automation had a return on equity of 35.83% and a net margin of 12.54%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The company’s revenue was down 6.4% compared to the same quarter last year. Analysts expect that Rockwell Automation will post $5.90 earnings per share for the current year.
In related news, Director William T. Jr/Wi Mccormick sold 686 shares of Rockwell Automation stock in a transaction on Friday, August 5th. The stock was sold at an average price of $117.03, for a total value of $80,282.58. Following the completion of the transaction, the director now directly owns 10,951 shares in the company, valued at $1,281,595.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Frank C. Kulaszewicz sold 9,267 shares of Rockwell Automation stock in a transaction on Monday, August 8th. The shares were sold at an average price of $118.11, for a total value of $1,094,525.37. Following the completion of the transaction, the senior vice president now owns 27,607 shares of the company’s stock, valued at $3,260,662.77. The disclosure for this sale can be found here. 1.54% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. bought a new position in Rockwell Automation during the first quarter worth about $213,000. TIAA CREF Investment Management LLC raised its position in Rockwell Automation by 1.3% in the first quarter. TIAA CREF Investment Management LLC now owns 416,952 shares of the company’s stock worth $47,428,000 after buying an additional 5,186 shares during the period. Prudential Financial Inc. increased its stake in shares of Rockwell Automation by 6.5% in the first quarter. Prudential Financial Inc. now owns 176,788 shares of the company’s stock worth $20,110,000 after buying an additional 10,800 shares during the period. Columbia Partners L L C Investment Management increased its stake in shares of Rockwell Automation by 6.5% in the first quarter. Columbia Partners L L C Investment Management now owns 7,782 shares of the company’s stock worth $885,000 after buying an additional 474 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Rockwell Automation by 7.2% in the first quarter. Bessemer Group Inc. now owns 2,197 shares of the company’s stock worth $249,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 74.29% of the company’s stock.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.