Several other research analysts also recently commented on the company. Zacks Investment Research raised Rockwell Automation from a sell rating to a hold rating in a report on Wednesday, July 13th. Sanford C. Bernstein reaffirmed an underperform rating on shares of Rockwell Automation in a report on Monday, June 27th. Berenberg Bank started coverage on Rockwell Automation in a report on Monday, October 3rd. They set a sell rating and a $110.00 target price on the stock. Morgan Stanley set a $109.00 target price on Rockwell Automation and gave the stock a sell rating in a report on Wednesday, September 28th. Finally, Credit Suisse Group AG reaffirmed a hold rating on shares of Rockwell Automation in a report on Saturday, July 9th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average target price of $108.19.
Rockwell Automation (NYSE:ROK) traded down 1.76% on Friday, hitting $117.59. The company had a trading volume of 476,217 shares. Rockwell Automation has a one year low of $87.53 and a one year high of $123.48. The company has a market capitalization of $15.22 billion, a P/E ratio of 20.92 and a beta of 1.15. The stock’s 50-day moving average price is $117.10 and its 200 day moving average price is $115.78.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.09. Rockwell Automation had a return on equity of 35.83% and a net margin of 12.54%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted $1.59 EPS. Rockwell Automation’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts expect that Rockwell Automation will post $5.90 EPS for the current fiscal year.
In related news, VP David M. Dorgan sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $119.06, for a total value of $261,932.00. Following the transaction, the vice president now owns 12,500 shares in the company, valued at $1,488,250. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Steven W. Etzel sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $121.54, for a total value of $218,772.00. Following the completion of the transaction, the vice president now owns 8,286 shares in the company, valued at approximately $1,007,080.44. The disclosure for this sale can be found here. 1.54% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Tredje AP fonden increased its position in Rockwell Automation by 262.5% in the second quarter. Tredje AP fonden now owns 870 shares of the company’s stock valued at $100,000 after buying an additional 630 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock valued at $108,000 after buying an additional 5 shares during the last quarter. Johnson Financial Group Inc. increased its position in Rockwell Automation by 1,818.4% in the second quarter. Johnson Financial Group Inc. now owns 940 shares of the company’s stock valued at $108,000 after buying an additional 891 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Rockwell Automation during the first quarter valued at approximately $110,000. Finally, Citizens Financial Group Inc RI increased its position in Rockwell Automation by 20.9% in the first quarter. Citizens Financial Group Inc RI now owns 1,344 shares of the company’s stock valued at $153,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.
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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