Rockwell Automation, Inc. (ROK) Receives $152.67 Average Target Price from Brokerages

Shares of Rockwell Automation, Inc. (NYSE:ROK) have been assigned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $152.67.

Several research firms recently commented on ROK. BidaskClub upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Morgan Stanley lifted their price target on Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research report on Tuesday, July 11th. Wolfe Research began coverage on Rockwell Automation in a research report on Tuesday, July 11th. They issued a “peer perform” rating for the company. Finally, Barclays PLC lifted their price target on Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th.

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In other news, Director William T. Jr/Wi Mccormick sold 432 shares of Rockwell Automation stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $158.07, for a total transaction of $68,286.24. Following the completion of the sale, the director now owns 9,109 shares of the company’s stock, valued at $1,439,859.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John M. Miller sold 1,825 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $165.37, for a total transaction of $301,800.25. The disclosure for this sale can be found here. Insiders have sold 127,257 shares of company stock valued at $20,510,449 in the last ninety days. Insiders own 1.65% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its position in shares of Rockwell Automation by 17.9% in the first quarter. Nisa Investment Advisors LLC now owns 31,402 shares of the industrial products company’s stock valued at $4,890,000 after buying an additional 4,760 shares during the last quarter. Boston Advisors LLC raised its position in shares of Rockwell Automation by 10.2% in the first quarter. Boston Advisors LLC now owns 6,510 shares of the industrial products company’s stock valued at $1,014,000 after buying an additional 600 shares during the last quarter. Lodestar Investment Counsel LLC IL raised its position in shares of Rockwell Automation by 3.9% in the first quarter. Lodestar Investment Counsel LLC IL now owns 51,082 shares of the industrial products company’s stock valued at $7,954,000 after buying an additional 1,930 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Rockwell Automation during the first quarter valued at about $1,315,000. Finally, CWM LLC raised its position in shares of Rockwell Automation by 27.7% in the first quarter. CWM LLC now owns 2,119 shares of the industrial products company’s stock valued at $330,000 after buying an additional 460 shares during the last quarter. 73.38% of the stock is currently owned by institutional investors.

Rockwell Automation (ROK) traded down 0.08% during midday trading on Friday, hitting $165.69. The stock had a trading volume of 172,490 shares. The company has a market capitalization of $21.52 billion, a PE ratio of 26.72 and a beta of 1.17. The stock’s 50-day moving average is $163.36 and its 200-day moving average is $156.26. Rockwell Automation has a 1-year low of $111.52 and a 1-year high of $167.97.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.55 earnings per share. Equities research analysts forecast that Rockwell Automation will post $6.75 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is presently 49.03%.

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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