Rockwell Automation, Inc. (ROK) Receives $164.00 Average PT from Brokerages

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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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