Rockwell Automation (NYSE:ROK – Get Rating) had its target price decreased by Citigroup from $274.00 to $265.00 in a research note released on Monday morning, The Fly reports.
ROK has been the subject of a number of other research reports. Argus upped their price objective on shares of Rockwell Automation from $250.00 to $290.00 and gave the stock a buy rating in a research report on Wednesday, August 17th. Sanford C. Bernstein cut shares of Rockwell Automation from an outperform rating to a market perform rating and set a $290.00 price target on the stock. in a research note on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Rockwell Automation from $212.00 to $231.00 in a research note on Thursday, July 28th. TheStreet upgraded shares of Rockwell Automation from a c rating to a b rating in a report on Thursday, September 15th. Finally, Wells Fargo & Company cut their price objective on shares of Rockwell Automation from $190.00 to $189.00 in a report on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $240.71.
Rockwell Automation Price Performance
Shares of ROK stock opened at $225.33 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.06 and a quick ratio of 0.76. The firm’s 50-day moving average is $240.35 and its two-hundred day moving average is $231.03. Rockwell Automation has a 12 month low of $190.08 and a 12 month high of $354.99. The company has a market capitalization of $26.01 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 2.10 and a beta of 1.44.
Rockwell Automation (NYSE:ROK – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.35. Rockwell Automation had a net margin of 9.03% and a return on equity of 37.06%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $2.31 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts predict that Rockwell Automation will post 9.4 earnings per share for the current year.
Insiders Place Their Bets
In other Rockwell Automation news, SVP Christopher Nardecchia sold 428 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $226.38, for a total value of $96,890.64. Following the sale, the senior vice president now directly owns 7,809 shares in the company, valued at $1,767,801.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP John M. Miller sold 1,200 shares of Rockwell Automation stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $253.10, for a total value of $303,720.00. Following the transaction, the vice president now owns 4,508 shares of the company’s stock, valued at approximately $1,140,974.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Nardecchia sold 428 shares of Rockwell Automation stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $226.38, for a total value of $96,890.64. Following the completion of the transaction, the senior vice president now directly owns 7,809 shares in the company, valued at approximately $1,767,801.42. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.
Hedge Funds Weigh In On Rockwell Automation
A number of institutional investors have recently bought and sold shares of ROK. Hexagon Capital Partners LLC grew its stake in Rockwell Automation by 62.5% during the 2nd quarter. Hexagon Capital Partners LLC now owns 130 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 50 shares in the last quarter. Heritage Financial Services LLC purchased a new position in Rockwell Automation during the 2nd quarter valued at about $27,000. Capital Advisory Group Advisory Services LLC purchased a new position in Rockwell Automation during the 1st quarter valued at about $28,000. Roble Belko & Company Inc grew its stake in Rockwell Automation by 3,233.3% during the 1st quarter. Roble Belko & Company Inc now owns 100 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 97 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Rockwell Automation during the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 79.11% of the company’s stock.
About Rockwell Automation
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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.
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