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.

WARNING: This article was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.watchlistnews.com/rockwell-automation-inc-rok-receives-165-15-average-pt-from-analysts/1648080.html.

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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.