Rockwell Automation (NYSE:ROK) Rating Lowered to Hold at Gabelli

Gabelli cut shares of Rockwell Automation (NYSE:ROK) from a buy rating to a hold rating in a research report report published on Wednesday, Briefing.com Automated Import reports.

A number of other research analysts have also recently weighed in on ROK. Morgan Stanley dropped their price target on Rockwell Automation from $145.00 to $142.00 and set an underweight rating for the company in a research report on Friday, October 11th. Wells Fargo & Co cut Rockwell Automation from an outperform rating to a market perform rating and dropped their price target for the company from $185.00 to $165.00 in a research report on Monday, September 30th. JPMorgan Chase & Co. raised their price target on Rockwell Automation from $145.00 to $146.00 and gave the company a neutral rating in a research report on Thursday, October 10th. ValuEngine cut Rockwell Automation from a buy rating to a hold rating in a research report on Wednesday. Finally, Gordon Haskett cut Rockwell Automation from a buy rating to a hold rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $182.20.

Rockwell Automation stock traded up $1.52 during midday trading on Wednesday, reaching $200.27. The company’s stock had a trading volume of 730,921 shares, compared to its average volume of 1,036,177. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $207.11. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.17 and a current ratio of 1.54. The stock’s 50 day simple moving average is $171.28 and its 200 day simple moving average is $162.41. The firm has a market capitalization of $22.96 billion, a PE ratio of 23.10, a P/E/G ratio of 2.80 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.09. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the business posted $2.11 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts predict that Rockwell Automation will post 8.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.97. Rockwell Automation’s dividend payout ratio (DPR) is currently 47.06%.

In related news, CFO Patrick P. Goris sold 3,400 shares of Rockwell Automation stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $200.00, for a total transaction of $680,000.00. Following the completion of the sale, the chief financial officer now owns 12,202 shares in the company, valued at approximately $2,440,400. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David M. Dorgan sold 10,148 shares of Rockwell Automation stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $198.22, for a total value of $2,011,536.56. Following the sale, the vice president now owns 11,339 shares of the company’s stock, valued at approximately $2,247,616.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,648 shares of company stock valued at $5,720,944. 1.43% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC increased its position in Rockwell Automation by 1.4% during the 3rd quarter. LS Investment Advisors LLC now owns 4,226 shares of the industrial products company’s stock worth $696,000 after purchasing an additional 59 shares in the last quarter. Smithfield Trust Co. grew its holdings in Rockwell Automation by 2.1% in the 3rd quarter. Smithfield Trust Co. now owns 3,030 shares of the industrial products company’s stock valued at $499,000 after buying an additional 61 shares during the period. Cooper Financial Group grew its holdings in Rockwell Automation by 2.2% in the 2nd quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock valued at $493,000 after buying an additional 64 shares during the period. Portland Global Advisors LLC grew its holdings in Rockwell Automation by 0.3% in 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 buying an additional 64 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Rockwell Automation by 3.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,214 shares of the industrial products company’s stock valued at $365,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 72.81% of the company’s stock.

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.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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