Rockwell Automation (ROK) Receives Average Recommendation of “Hold” from Analysts

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Rockwell Automation (NYSE:ROK) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $172.27.

Several equities analysts have issued reports on ROK shares. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $183.00 target price on the stock in a research note on Tuesday, October 23rd. Gordon Haskett began coverage on shares of Rockwell Automation in a research note on Friday, October 12th. They issued a “buy” rating on the stock. ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Friday, September 21st. Barclays lowered their price objective on shares of Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, January 7th. Finally, Citigroup set a $185.00 price objective on shares of Rockwell Automation and gave the stock a “hold” rating in a research note on Thursday, November 8th.

In other Rockwell Automation news, CFO Patrick P. Goris sold 177 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $167.71, for a total transaction of $29,684.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Blake D. Moret sold 5,584 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $175.97, for a total transaction of $982,616.48. Following the sale, the chief executive officer now owns 41,196 shares in the company, valued at approximately $7,249,260.12. The disclosure for this sale can be found here. Insiders sold a total of 34,724 shares of company stock worth $6,100,662 in the last quarter. Company insiders own 1.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROK. Dimensional Fund Advisors LP raised its stake in Rockwell Automation by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 401,812 shares of the industrial products company’s stock worth $66,790,000 after acquiring an additional 1,877 shares during the period. Envestnet Asset Management Inc. raised its stake in Rockwell Automation by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,406 shares of the industrial products company’s stock worth $1,896,000 after acquiring an additional 1,026 shares during the period. Laurion Capital Management LP raised its stake in Rockwell Automation by 21.3% during the 2nd quarter. Laurion Capital Management LP now owns 1,793 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 315 shares during the period. BB&T Securities LLC raised its stake in Rockwell Automation by 28.1% during the 2nd quarter. BB&T Securities LLC now owns 4,952 shares of the industrial products company’s stock worth $823,000 after acquiring an additional 1,087 shares during the period. Finally, Raymond James & Associates raised its stake in Rockwell Automation by 36.3% during the 2nd quarter. Raymond James & Associates now owns 66,984 shares of the industrial products company’s stock worth $11,135,000 after acquiring an additional 17,839 shares during the period. Institutional investors own 75.27% of the company’s stock.

ROK traded up $2.54 during midday trading on Friday, hitting $155.85. 1,361,579 shares of the company traded hands, compared to its average volume of 1,085,110. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.27. The stock has a market capitalization of $18.56 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.47 and a beta of 1.32. Rockwell Automation has a 52 week low of $141.46 and a 52 week high of $209.38.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Rockwell Automation had a net margin of 8.03% and a return on equity of 57.53%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 EPS. Research analysts forecast that Rockwell Automation will post 9.01 EPS for the current fiscal year.

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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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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