Shares of Rockwell Automation, Inc. (NYSE:ROK) have been assigned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $164.00.
A number of brokerages have weighed in on ROK. Stifel Nicolaus reiterated a “hold” rating and issued a $167.00 target price on shares of Rockwell Automation in a report on Wednesday, July 19th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. Citigroup Inc. reiterated a “neutral” rating and issued a $187.00 target price (up from $175.00) on shares of Rockwell Automation in a report on Monday, October 9th. Finally, Credit Suisse Group lowered their target price on Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating for the company in a report on Wednesday, August 23rd.
Rockwell Automation (NYSE:ROK) traded up $4.88 during trading on Monday, hitting $193.61. The company had a trading volume of 2,377,837 shares, compared to its average volume of 868,135. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.00 and a current ratio of 3.46. The firm has a market capitalization of $24,830.00, a price-to-earnings ratio of 28.38, a P/E/G ratio of 2.19 and a beta of 1.24. Rockwell Automation has a one year low of $129.66 and a one year high of $210.72.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. Rockwell Automation’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. analysts predict that Rockwell Automation will post 7.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.835 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, November 10th. This represents a $3.34 annualized dividend and a dividend yield of 1.73%. Rockwell Automation’s payout ratio is currently 52.60%.
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In other news, insider Blake D. Moret sold 5,677 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total transaction of $965,657.70. Following the completion of the sale, the insider now owns 21,426 shares in the company, valued at $3,644,562.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the sale, the insider now owns 22,849 shares of the company’s stock, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC bought a new stake in Rockwell Automation during the third quarter worth $131,000. Acrospire Investment Management LLC grew its holdings in Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares in the last quarter. Rockefeller Financial Services Inc. bought a new stake in Rockwell Automation during the third quarter worth $143,000. Sun Life Financial INC grew its holdings in Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after buying an additional 934 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Rockwell Automation during the third quarter worth $186,000. Institutional investors and hedge funds own 72.90% of the company’s stock.
About Rockwell Automation
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.
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