Rockwell Automation Inc. (NYSE:ROK) had its price target hoisted by analysts at Citigroup Inc. from $118.00 to $122.00 in a note issued to investors on Monday. The brokerage presently has a “neutral” rating on the stock. Citigroup Inc.’s price target would indicate a potential upside of 5.90% from the company’s current price.
Several other equities research analysts also recently commented on ROK. Credit Suisse Group AG restated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, July 9th. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Canaccord Genuity downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a research report on Tuesday, July 26th. Barclays PLC reduced their price target on shares of Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. Finally, Berenberg Bank began coverage on shares of Rockwell Automation in a research report on Monday, October 3rd. They set a “sell” rating and a $110.00 price target on the stock. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $108.41.
Rockwell Automation (NYSE:ROK) opened at 115.20 on Monday. The firm has a market capitalization of $14.91 billion, a PE ratio of 20.49 and a beta of 1.15. The firm has a 50 day moving average of $116.97 and a 200 day moving average of $115.84. Rockwell Automation has a one year low of $87.53 and a one year high of $123.48.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 27th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.09. Rockwell Automation had a net margin of 12.54% and a return on equity of 35.83%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company earned $1.59 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities analysts forecast that Rockwell Automation will post $5.90 EPS for the current year.
In other Rockwell Automation news, Director William T. Jr/Wi Mccormick sold 686 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $117.03, for a total transaction of $80,282.58. Following the sale, the director now directly owns 10,951 shares in the company, valued at approximately $1,281,595.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Frank C. Kulaszewicz sold 9,267 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $118.11, for a total transaction of $1,094,525.37. Following the sale, the senior vice president now owns 27,607 shares in the company, valued at $3,260,662.77. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. acquired a new position in shares of Rockwell Automation during the first quarter valued at $42,824,000. PGGM Investments boosted its position in shares of Rockwell Automation by 67.3% in the second quarter. PGGM Investments now owns 716,358 shares of the company’s stock valued at $82,252,000 after buying an additional 288,050 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Rockwell Automation by 4.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 404,319 shares of the company’s stock valued at $46,424,000 after buying an additional 19,000 shares in the last quarter. Telemus Capital LLC acquired a new position in shares of Rockwell Automation during the second quarter valued at $201,000. Finally, Bank of Montreal Can acquired a new position in shares of Rockwell Automation during the second quarter valued at $30,221,000. 74.29% of the stock is owned by institutional investors.
About Rockwell Automation
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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