Rockwell Automation (NYSE:ROK) had its target price reduced by Morgan Stanley from $159.00 to $144.00 in a report issued on Friday morning, BenzingaRatingsTable reports. They currently have an underweight rating on the industrial products company’s stock.

A number of other research firms also recently weighed in on ROK. Zacks Investment Research downgraded shares of Rockwell Automation from a hold rating to a sell rating in a research note on Tuesday, April 16th. Wells Fargo & Co reiterated a buy rating on shares of Rockwell Automation in a research note on Wednesday, April 10th. Gabelli reiterated a hold rating on shares of Rockwell Automation in a research note on Friday, April 26th. UBS Group downgraded shares of Rockwell Automation from a buy rating to a neutral rating and lifted their price target for the stock from $182.00 to $190.00 in a research note on Wednesday, March 20th. Finally, BMO Capital Markets decreased their price target on shares of Rockwell Automation from $223.00 to $214.00 and set an outperform rating on the stock in a research note on Friday, April 26th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $172.67.

ROK opened at $156.53 on Friday. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $198.23. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.23 and a current ratio of 1.59. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.30 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.11 by ($0.07). Rockwell Automation had a return on equity of 73.82% and a net margin of 14.43%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that Rockwell Automation will post 8.9 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.48%. Rockwell Automation’s payout ratio is presently 47.84%.

In other Rockwell Automation news, SVP Michael Laszkiewicz sold 263 shares of Rockwell Automation stock in a transaction on Monday, June 10th. The stock was sold at an average price of $159.38, for a total transaction of $41,916.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.43% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ROK. Zions Bancorporation N.A. bought a new position in shares of Rockwell Automation during the first quarter valued at $26,000. JOYN Advisors Inc. lifted its holdings in shares of Rockwell Automation by 104.4% during the fourth quarter. JOYN Advisors Inc. now owns 186 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 95 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of Rockwell Automation in the fourth quarter valued at about $29,000. TCG Advisors LP bought a new position in shares of Rockwell Automation in the first quarter valued at about $29,000. Finally, Thor Advisors LLC bought a new position in shares of Rockwell Automation in the first quarter valued at about $29,000. 75.18% of the stock is owned by institutional investors.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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