Equities researchers at Berenberg Bank assumed coverage on shares of Rockwell Automation Inc. (NYSE:ROK) in a report released on Monday. The firm set a “sell” rating on the stock.

Several other analysts also recently commented on the stock. Sanford C. Bernstein raised shares of Rockwell Automation from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $105.00 to $121.00 in a research report on Friday. Morgan Stanley set a $109.00 target price on shares of Rockwell Automation and gave the stock a “sell” rating in a research report on Wednesday, September 28th. Citigroup Inc. reduced their price objective on shares of Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Barclays PLC reduced their price objective on shares of Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Finally, Canaccord Genuity cut shares of Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research note on Tuesday, July 26th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $108.08.

Rockwell Automation (NYSE:ROK) opened at 122.34 on Monday. Rockwell Automation has a 12-month low of $87.53 and a 12-month high of $123.11. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 21.76 and a beta of 1.15. The stock has a 50 day moving average of $116.88 and a 200 day moving average of $115.46.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 27th. The company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.09. The company earned $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Rockwell Automation had a net margin of 12.54% and a return on equity of 35.83%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share. Equities research analysts anticipate that Rockwell Automation will post $5.90 earnings per share for the current year.

In other news, VP Douglas M. Hagerman sold 1,400 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $119.17, for a total value of $166,838.00. Following the sale, the vice president now owns 32,091 shares of the company’s stock, valued at approximately $3,824,284.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William T. Jr/Wi Mccormick sold 686 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $117.03, for a total transaction of $80,282.58. Following the completion of the sale, the director now directly owns 10,951 shares in the company, valued at approximately $1,281,595.53. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Rockwell Automation during the first quarter valued at $213,000. Ngam Advisors L.P. bought a new stake in shares of Rockwell Automation during the first quarter worth approximately $5,762,000. TIAA CREF Investment Management LLC raised its stake in shares of Rockwell Automation by 1.3% in the first quarter. TIAA CREF Investment Management LLC now owns 416,952 shares of the company’s stock worth $47,428,000 after buying an additional 5,186 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Rockwell Automation during the first quarter worth approximately $226,000. Finally, Prudential Financial Inc. raised its stake in shares of Rockwell Automation by 6.5% in the first quarter. Prudential Financial Inc. now owns 176,788 shares of the company’s stock worth $20,110,000 after buying an additional 10,800 shares in the last quarter. 74.29% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Company Profile

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.

5 Day Chart for NYSE:ROK

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