Rockwell Automation (ROK) Stock Rating Reaffirmed by Goldman Sachs Group
Rockwell Automation (NYSE:ROK)‘s stock had its “neutral” rating restated by Goldman Sachs Group in a research note issued on Friday. They presently have a $193.00 target price on the industrial products company’s stock. Goldman Sachs Group’s price target points to a potential upside of 0.07% from the company’s current price.
A number of other research firms have also recently issued reports on ROK. Wolfe Research upgraded shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 9th. ValuEngine cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Citigroup reiterated a “neutral” rating and set a $187.00 price objective (up from $175.00) on shares of Rockwell Automation in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $166.87.
Rockwell Automation (NYSE:ROK) opened at $192.86 on Friday. The stock has a market cap of $24,705.97, a P/E ratio of 28.48, a P/E/G ratio of 2.16 and a beta of 1.23. Rockwell Automation has a 12-month low of $133.61 and a 12-month high of $210.72. The company has a current ratio of 2.06, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. Rockwell Automation’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 earnings per share. analysts anticipate that Rockwell Automation will post 7.39 earnings per share for the current year.
In other news, VP Steven W. Etzel sold 514 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.75, for a total value of $98,045.50. Following the sale, the vice president now directly owns 7,737 shares of the company’s stock, valued at approximately $1,475,832.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Patrick P. Goris sold 527 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.57, for a total transaction of $100,430.39. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 1,340 shares of company stock worth $137,336 and have sold 18,025 shares worth $3,285,650. Insiders own 1.65% of the company’s stock.
Several large investors have recently bought and sold shares of the company. AXA boosted its stake in shares of Rockwell Automation by 15.1% in the 3rd quarter. AXA now owns 433,363 shares of the industrial products company’s stock valued at $77,229,000 after purchasing an additional 56,835 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Rockwell Automation by 109.9% in the 3rd quarter. GSA Capital Partners LLP now owns 6,296 shares of the industrial products company’s stock valued at $1,122,000 after purchasing an additional 3,296 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Rockwell Automation by 12.7% in the 3rd quarter. Moors & Cabot Inc. now owns 4,000 shares of the industrial products company’s stock valued at $714,000 after purchasing an additional 450 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Rockwell Automation in the 3rd quarter valued at $696,000. Finally, Neuberger Berman Group LLC boosted its stake in shares of Rockwell Automation by 2.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 550,396 shares of the industrial products company’s stock valued at $98,086,000 after purchasing an additional 15,635 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.
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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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