Rockwell Automation (ROK) Stock Rating Reaffirmed by Wells Fargo & Co

Wells Fargo & Co restated their buy rating on shares of Rockwell Automation (NYSE:ROK) in a report released on Friday.

Several other research analysts have also weighed in on ROK. Zacks Investment Research raised shares of Rockwell Automation from a hold rating to a buy rating and set a $183.00 price objective for the company in a report on Tuesday, October 23rd. ValuEngine lowered shares of Rockwell Automation from a buy rating to a hold rating in a report on Thursday, October 11th. Deutsche Bank reissued a hold rating and set a $155.00 price objective on shares of Rockwell Automation in a report on Friday, January 4th. Credit Suisse Group raised their price objective on shares of Rockwell Automation from $171.00 to $173.00 and gave the stock an underperform rating in a report on Thursday, November 8th. Finally, Wolfe Research lowered shares of Rockwell Automation to a market perform rating in a report on Tuesday, January 8th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Rockwell Automation has an average rating of Hold and an average target price of $173.06.

Shares of ROK stock opened at $164.75 on Friday. The firm has a market cap of $19.81 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.57 and a beta of 1.32. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.76. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $207.51.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. Rockwell Automation had a net margin of 8.03% and a return on equity of 57.53%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $1.69 EPS. Equities analysts forecast that Rockwell Automation will post 9 earnings per share for the current fiscal year.

In other news, CFO Patrick P. Goris sold 177 shares of Rockwell Automation stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $167.71, for a total value of $29,684.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Frank C. Kulaszewicz sold 2,750 shares of Rockwell Automation stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $172.84, for a total transaction of $475,310.00. Following the completion of the transaction, the senior vice president now directly owns 20,588 shares of the company’s stock, valued at $3,558,429.92. The disclosure for this sale can be found here. Insiders sold a total of 34,724 shares of company stock valued at $6,100,662 over the last ninety days. Company insiders own 1.43% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ROK. Landsberg Bennett & Dubbaneh LLC bought a new stake in Rockwell Automation in the 4th quarter valued at about $302,000. Diversified Trust Co lifted its position in Rockwell Automation by 10.7% in the 4th quarter. Diversified Trust Co now owns 1,796 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 173 shares during the last quarter. Davis R M Inc. lifted its position in Rockwell Automation by 6.6% in the 4th quarter. Davis R M Inc. now owns 88,031 shares of the industrial products company’s stock valued at $13,247,000 after purchasing an additional 5,435 shares during the last quarter. Bourgeon Capital Management LLC bought a new stake in Rockwell Automation in the 4th quarter valued at about $925,000. Finally, Cooper Financial Group bought a new stake in Rockwell Automation in the 4th quarter valued at about $427,000. 75.24% of the stock is owned by institutional investors and hedge funds.

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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