Rockwell Automation (NYSE:ROK)‘s stock had its “hold” rating reiterated by investment analysts at Stifel Nicolaus in a research note issued on Monday. They presently have a $198.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 3.80% from the company’s current price.
Several other analysts have also recently issued reports on the company. Goldman Sachs Group reiterated a “neutral” rating and set a $193.00 target price on shares of Rockwell Automation in a research report on Friday, December 8th. ValuEngine cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, December 1st. J P Morgan Chase & Co began coverage on Rockwell Automation in a report on Wednesday, November 29th. They set a “neutral” rating for the company. Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a report on Monday, November 20th. Finally, Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. Rockwell Automation has a consensus rating of “Hold” and an average price target of $167.87.
Shares of Rockwell Automation (NYSE ROK) opened at $190.75 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06. Rockwell Automation has a 1 year low of $133.61 and a 1 year high of $210.72. The stock has a market capitalization of $24,783.07, a PE ratio of 28.57, a P/E/G ratio of 2.16 and a beta of 1.23.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts forecast that Rockwell Automation will post 7.39 EPS for the current fiscal year.
In related news, CEO Blake D. Moret sold 5,309 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the completion of the sale, the chief executive officer now directly owns 30,720 shares of the company’s stock, valued at approximately $5,859,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction that occurred 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 directly owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 1,340 shares of company stock valued at $137,336 and sold 12,493 shares valued at $2,347,885. 1.65% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of ROK. Acrospire Investment Management LLC raised its position in Rockwell Automation by 166.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 499 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Rockwell Automation during the 3rd quarter valued at $131,000. Rockefeller Financial Services Inc. bought a new stake in Rockwell Automation during the 3rd quarter valued at $143,000. Sun Life Financial INC raised its position in Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 934 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Rockwell Automation during the 3rd quarter valued at $186,000. 73.04% of the stock is owned by hedge funds and other institutional investors.
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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