Rockwell Automation Inc. (NYSE:ROK) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are currently covering the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $108.67.

ROK has been the subject of a number of research reports. HSBC initiated coverage on shares of Rockwell Automation in a research report on Friday, October 7th. They set a “hold” rating and a $108.00 target price for the company. Zacks Investment Research downgraded shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Citigroup Inc. boosted their target price on shares of Rockwell Automation from $118.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, October 10th. Barclays PLC upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $118.00 to $141.00 in a research report on Monday, October 24th. Finally, Sanford C. Bernstein upgraded shares of Rockwell Automation from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $105.00 to $121.00 in a research report on Friday, September 30th.

Rockwell Automation (NYSE:ROK) opened at 132.92 on Friday. Rockwell Automation has a 12 month low of $87.53 and a 12 month high of $133.68. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 23.91 and a beta of 1.00. The stock’s 50 day moving average price is $123.09 and its 200-day moving average price is $118.11.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. Rockwell Automation had a net margin of 12.41% and a return on equity of 36.34%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. Equities analysts expect that Rockwell Automation will post $6.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 14th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, November 9th. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. Rockwell Automation’s dividend payout ratio is currently 54.58%.

In other news, Director William T. Jr/Wi Mccormick sold 455 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $132.68, for a total value of $60,369.40. Following the completion of the sale, the director now owns 10,822 shares of the company’s stock, valued at approximately $1,435,862.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Steven W. Etzel sold 1,800 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $121.54, for a total transaction of $218,772.00. Following the completion of the sale, the vice president now directly owns 8,286 shares of the company’s stock, valued at approximately $1,007,080.44. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Rockwell Automation by 0.8% in the second quarter. Vanguard Group Inc. now owns 7,919,804 shares of the company’s stock valued at $909,351,000 after buying an additional 64,944 shares during the period. Lazard Asset Management LLC boosted its stake in Rockwell Automation by 0.6% in the third quarter. Lazard Asset Management LLC now owns 4,671,449 shares of the company’s stock valued at $571,504,000 after buying an additional 26,727 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Rockwell Automation by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,406,867 shares of the company’s stock valued at $416,796,000 after buying an additional 34,719 shares during the period. BlackRock Fund Advisors boosted its stake in Rockwell Automation by 3.8% in the third quarter. BlackRock Fund Advisors now owns 2,201,314 shares of the company’s stock valued at $269,309,000 after buying an additional 80,074 shares during the period. Finally, Eaton Vance Management boosted its stake in Rockwell Automation by 7.8% in the third quarter. Eaton Vance Management now owns 1,149,042 shares of the company’s stock valued at $140,574,000 after buying an additional 83,120 shares during the period. 72.95% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Rockwell Automation Inc. (ROK) Receives $108.67 Consensus PT from Analysts” was first posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this story can be read at https://www.thecerbatgem.com/2016/11/28/rockwell-automation-inc-rok-receives-108-67-consensus-pt-from-analysts.html.

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.

5 Day Chart for NYSE:ROK

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