Rockwell Automation (NYSE:ROK) Receives $169.60 Average PT from Analysts

Rockwell Automation (NYSE:ROK) has been given a consensus rating of “Hold” by the seventeen brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $171.36.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Rockwell Automation from $145.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley reduced their price objective on Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating for the company in a research note on Friday, October 11th. Wells Fargo & Co downgraded Rockwell Automation from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $185.00 to $165.00 in a research note on Monday, September 30th. Barclays reissued a “hold” rating and issued a $159.00 price objective on shares of Rockwell Automation in a research note on Friday, October 4th. Finally, Zacks Investment Research downgraded Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 price objective for the company. in a research note on Wednesday, October 16th.

Rockwell Automation stock traded up $2.43 during mid-day trading on Monday, hitting $171.62. The company’s stock had a trading volume of 537,100 shares, compared to its average volume of 912,834. The firm’s 50 day moving average is $161.89 and its 200 day moving average is $163.03. The company has a market cap of $19.47 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.32 and a beta of 1.41. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.51 and a quick ratio of 1.17. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $191.48.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.11. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.72 billion. Rockwell Automation had a return on equity of 78.71% and a net margin of 15.44%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.16 EPS. As a group, analysts forecast that Rockwell Automation will post 8.61 EPS for the current year.

In other news, VP John M. Miller sold 3,250 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $163.67, for a total transaction of $531,927.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.43% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cooper Financial Group increased its holdings in shares of Rockwell Automation by 2.2% during the 2nd quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock valued at $493,000 after acquiring an additional 64 shares during the last quarter. Portland Global Advisors LLC increased its holdings in shares of Rockwell Automation by 0.3% during the 2nd quarter. Portland Global Advisors LLC now owns 19,964 shares of the industrial products company’s stock valued at $3,271,000 after acquiring an additional 64 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Rockwell Automation by 1.6% during the 2nd quarter. LS Investment Advisors LLC now owns 4,167 shares of the industrial products company’s stock valued at $683,000 after acquiring an additional 66 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Rockwell Automation by 9.6% during the 2nd quarter. Signaturefd LLC now owns 786 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 69 shares during the last quarter. Finally, Csenge Advisory Group increased its holdings in shares of Rockwell Automation by 4.5% during the 2nd quarter. Csenge Advisory Group now owns 1,713 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 74 shares during the last quarter. 73.09% of the stock is owned by institutional investors.

About Rockwell Automation

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.

Featured Article: Basic Economics creates winners and losers

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.