Rockwell Automation, Inc. (NYSE:ROK) had its target price upped by research analysts at Citigroup Inc. from $187.00 to $200.00 in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the industrial products company’s stock. Citigroup Inc.’s target price would indicate a potential upside of 3.84% from the stock’s previous close.

Several other research analysts have also weighed in on ROK. ValuEngine lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Rockwell Automation in a research note on Thursday. HSBC Holdings plc lowered shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research note on Friday, July 28th. Finally, J P Morgan Chase & Co upgraded shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target on the stock in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $165.00.

Rockwell Automation (NYSE ROK) traded up $2.80 during trading on Friday, reaching $192.61. 541,900 shares of the company’s stock traded hands, compared to its average volume of 881,349. The firm has a market cap of $24,723.23, a price-to-earnings ratio of 28.53, a PEG ratio of 2.29 and a beta of 1.24. The company has a current ratio of 3.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. Rockwell Automation has a 1 year low of $129.28 and a 1 year high of $210.72.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ 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 net margin of 13.08% and a return on equity of 38.67%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 EPS. research analysts expect that Rockwell Automation will post 7.39 EPS for the current fiscal year.

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In other Rockwell Automation news, insider Blake D. Moret sold 1,723 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the sale, the insider now directly owns 22,849 shares of the company’s stock, valued at approximately $3,885,700.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Blake D. Moret sold 5,677 shares of the stock in a transaction on Wednesday, September 13th. The shares were 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 directly owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,400 shares of company stock valued at $1,753,821. 1.65% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Rockwell Automation by 7.5% in the 2nd quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after purchasing an additional 679,645 shares during the period. Vanguard Group Inc. boosted its holdings in Rockwell Automation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock valued at $1,420,278,000 after purchasing an additional 268,101 shares during the period. Lazard Asset Management LLC boosted its holdings in Rockwell Automation by 0.5% in the 2nd quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock valued at $373,861,000 after purchasing an additional 11,384 shares during the period. Ameriprise Financial Inc. boosted its holdings in Rockwell Automation by 47.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock valued at $277,788,000 after purchasing an additional 499,745 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Rockwell Automation by 12.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after purchasing an additional 171,598 shares during the period. 73.79% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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