Analysts Set Rockwell Automation, Inc. (ROK) Target Price at $167.64
Rockwell Automation, Inc. (NYSE:ROK) has been assigned a consensus recommendation of “Hold” from the twenty brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $169.00.
A number of research analysts recently weighed in on the stock. Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a research report on Friday, August 18th. lowered shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Morgan Stanley reissued an “equal weight” rating and set a $173.00 price target (up from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $193.00 price target on shares of Rockwell Automation in a research report on Friday, December 8th.
Rockwell Automation (NYSE:ROK) traded up $0.71 on Friday, hitting $191.46. 660,810 shares of the company were exchanged, compared to its average volume of 873,238. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80. Rockwell Automation has a one year low of $133.61 and a one year high of $210.72. The company has a market capitalization of $24,604.45, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.15 and a beta of 1.23.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts predict that Rockwell Automation will post 7.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were given a $0.835 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.34 annualized dividend and a yield of 1.74%. Rockwell Automation’s payout ratio is currently 52.68%.
In related news, Director Lawrence D. Kingsley acquired 365 shares of the stock in a transaction on Thursday, September 28th. The shares were acquired at an average price of $99.77 per share, with a total value of $36,416.05. Following the completion of the transaction, the director now owns 5,421 shares in the company, valued at approximately $540,853.17. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Patrick P. Goris sold 145 shares of Rockwell Automation stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $192.36, for a total transaction of $27,892.20. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 1,340 shares of company stock worth $137,336 and sold 12,493 shares worth $2,347,885. Insiders own 1.65% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. AXA increased its stake in shares of Rockwell Automation by 15.1% in the third quarter. AXA now owns 433,363 shares of the industrial products company’s stock worth $77,229,000 after purchasing an additional 56,835 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Rockwell Automation by 109.9% in the third quarter. GSA Capital Partners LLP now owns 6,296 shares of the industrial products company’s stock worth $1,122,000 after purchasing an additional 3,296 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of Rockwell Automation by 12.7% in the third quarter. Moors & Cabot Inc. now owns 4,000 shares of the industrial products company’s stock worth $714,000 after purchasing an additional 450 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in shares of Rockwell Automation in the third quarter worth about $696,000. Finally, Neuberger Berman Group LLC increased its stake in shares of Rockwell Automation by 2.9% in the third quarter. Neuberger Berman Group LLC now owns 550,396 shares of the industrial products company’s stock worth $98,086,000 after purchasing an additional 15,635 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.
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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.
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