Rockwell Automation, Inc. (ROK) Receives $165.15 Average PT from Analysts
Rockwell Automation, Inc. (NYSE:ROK) has received a consensus recommendation of “Hold” from the nineteen analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $165.15.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 price objective on the stock in a research note on Tuesday, October 17th. ValuEngine downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $183.00 price objective on shares of Rockwell Automation in a research note on Thursday, October 12th. J P Morgan Chase & Co raised Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price objective on the stock in a research note on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Rockwell Automation in a research note on Friday, August 18th.
Rockwell Automation (NYSE:ROK) traded up 1.10% during trading on Thursday, reaching $188.50. The company’s stock had a trading volume of 678,047 shares. The firm has a market capitalization of $24.20 billion, a price-to-earnings ratio of 30.40 and a beta of 1.19. The stock’s 50-day moving average is $177.26 and its 200 day moving average is $164.48. Rockwell Automation has a 52-week low of $116.28 and a 52-week high of $188.60.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the business earned $1.55 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Rockwell Automation will post $6.78 EPS for the current fiscal year.
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In other news, VP John M. Miller sold 1,825 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $165.37, for a total transaction of $301,800.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of Rockwell Automation 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 in the company, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. Insiders have sold a total of 65,825 shares of company stock worth $10,917,484 in the last three months. 1.65% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in ROK. BlackRock Inc. grew its holdings in shares of Rockwell Automation by 3,186.3% during the 1st quarter. BlackRock Inc. now owns 9,018,663 shares of the industrial products company’s stock worth $1,404,295,000 after purchasing an additional 8,744,232 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth approximately $126,891,000. Ameriprise Financial Inc. grew its holdings in shares of Rockwell Automation by 277.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,059,003 shares of the industrial products company’s stock worth $171,517,000 after purchasing an additional 778,633 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Rockwell Automation by 741.5% during the 2nd quarter. Voya Investment Management LLC now owns 695,922 shares of the industrial products company’s stock worth $112,712,000 after purchasing an additional 613,225 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Rockwell Automation during the 1st quarter worth approximately $50,715,000. 73.59% of the stock is currently owned by 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.
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