Wolfe Research assumed coverage on shares of Rockwell Automation, Inc. (NYSE:ROK) in a research note published on Tuesday morning. The firm issued a peer perform rating on the industrial products company’s stock.

Several other research firms have also recently issued reports on ROK. BidaskClub raised shares of Rockwell Automation from a hold rating to a buy rating in a research report on Saturday, July 8th. Cowen and Company lifted their price objective on shares of Rockwell Automation from $125.00 to $140.00 and gave the stock a market perform rating in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Rockwell Automation from a buy rating to a hold rating in a research report on Saturday, July 1st. Credit Suisse Group reaffirmed a hold rating and set a $155.00 price objective on shares of Rockwell Automation in a research report on Thursday, April 27th. Finally, Barclays PLC set a $176.00 price objective on shares of Rockwell Automation and gave the stock a buy rating in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $145.93.

Shares of Rockwell Automation (NYSE:ROK) opened at 167.34 on Tuesday. The stock’s 50 day moving average price is $159.63 and its 200 day moving average price is $151.73. The stock has a market cap of $21.56 billion, a price-to-earnings ratio of 27.93 and a beta of 1.17. Rockwell Automation has a one year low of $111.52 and a one year high of $167.80. Rockwell Automation also was the target of unusually large options trading activity on Friday. Stock traders purchased 5,110 put options on the stock. This is an increase of 1,023% compared to the typical volume of 455 put options.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.15. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. Analysts forecast that Rockwell Automation will post $6.67 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.82%. Rockwell Automation’s payout ratio is 50.75%.

In other news, SVP Sujeet Chand sold 9,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $159.72, for a total value of $1,517,340.00. Following the completion of the sale, the senior vice president now directly owns 46,873 shares of the company’s stock, valued at $7,486,555.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Betty C. Alewine sold 7,173 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $158.52, for a total transaction of $1,137,063.96. Following the completion of the sale, the director now directly owns 20,584 shares of the company’s stock, valued at $3,262,975.68. The disclosure for this sale can be found here. Insiders sold 129,605 shares of company stock valued at $20,469,855 over the last ninety days. Corporate insiders own 1.65% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of Rockwell Automation by 60.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 50,449 shares of the industrial products company’s stock worth $8,171,000 after buying an additional 19,000 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its stake in shares of Rockwell Automation by 92.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 7,714 shares of the industrial products company’s stock worth $1,245,000 after buying an additional 3,702 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Rockwell Automation by 20.4% in the second quarter. CENTRAL TRUST Co now owns 3,097 shares of the industrial products company’s stock worth $502,000 after buying an additional 525 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Rockwell Automation by 514.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,012 shares of the industrial products company’s stock worth $3,403,000 after buying an additional 17,592 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Rockwell Automation by 110.9% in the second quarter. Meeder Asset Management Inc. now owns 5,917 shares of the industrial products company’s stock worth $959,000 after buying an additional 3,111 shares during the last quarter. 73.52% of the stock is owned by institutional investors and hedge funds.

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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