Rockwell Automation, Inc. (ROK) Receives Average Rating of “Hold” from Analysts

Rockwell Automation, Inc. (NYSE:ROK) has received an average recommendation of “Hold” from the nineteen analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $164.00.

ROK has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Cowen and Company reiterated a “hold” rating and set a $140.00 price target on shares of Rockwell Automation in a research report on Sunday, September 17th. ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Credit Suisse Group reiterated a “neutral” rating and set a $174.00 price target (up from $154.00) on shares of Rockwell Automation in a research report on Wednesday, October 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $167.00 price target on shares of Rockwell Automation in a research report on Wednesday, July 19th.

In related news, insider Blake D. Moret sold 1,723 shares of Rockwell Automation stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the transaction, the insider now owns 22,849 shares in the company, valued at $3,885,700.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David M. Dorgan sold 3,000 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the transaction, the vice president now owns 9,355 shares of the company’s stock, valued at approximately $1,544,042.75. The disclosure for this sale can be found here. Insiders sold 10,400 shares of company stock valued at $1,753,821 in the last quarter. 1.65% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. CWM LLC raised its holdings in Rockwell Automation by 0.3% during the second quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock worth $344,000 after purchasing an additional 6 shares in the last quarter. Keel Point LLC raised its holdings in Rockwell Automation by 0.3% during the second quarter. Keel Point LLC now owns 1,724 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 6 shares in the last quarter. Advisor Partners LLC raised its holdings in Rockwell Automation by 0.3% during the second quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 8 shares in the last quarter. Sfmg LLC raised its holdings in Rockwell Automation by 0.4% during the second quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 8 shares in the last quarter. Finally, Westside Investment Management Inc. raised its holdings in Rockwell Automation by 0.5% during the second quarter. Westside Investment Management Inc. now owns 1,666 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 9 shares in the last quarter. Institutional investors own 72.90% of the company’s stock.

Rockwell Automation (NYSE:ROK) traded up $2.80 during trading on Monday, reaching $192.61. 541,900 shares of the company traded hands, compared to its average volume of 882,235. Rockwell Automation has a 52-week low of $129.28 and a 52-week high of $210.72. The firm has a market capitalization of $24,723.27, a PE ratio of 28.53, a P/E/G ratio of 2.21 and a beta of 1.24. The company has a current ratio of 3.46, a quick ratio of 3.00 and a debt-to-equity ratio of 0.47.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. Rockwell Automation’s revenue for the quarter was up 8.4% on a year-over-year basis. research analysts anticipate that Rockwell Automation will post 7.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a $0.835 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.34 annualized dividend and a dividend yield of 1.73%. Rockwell Automation’s dividend payout ratio (DPR) is presently 52.68%.

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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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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