Rockwell Automation Inc. (ROK) Receives Consensus Rating of “Hold” from Brokerages
Rockwell Automation Inc. (NYSE:ROK) has earned an average recommendation of “Hold” from the nineteen research firms that are currently covering the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $108.56.
Several equities research analysts have commented on ROK shares. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Morgan Stanley set a $109.00 price target on Rockwell Automation and gave the stock a “sell” rating in a research report on Wednesday, September 28th. HSBC initiated coverage on Rockwell Automation in a research report on Friday, October 7th. They set a “hold” rating and a $108.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st. Finally, Barclays PLC raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $141.00 in a research report on Monday, October 24th.
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In other news, VP Douglas M. Hagerman sold 588 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $137.38, for a total transaction of $80,779.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith D. Nosbusch sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $132.55, for a total value of $6,627,500.00. Following the sale, the director now owns 389,896 shares of the company’s stock, valued at $51,680,714.80. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ROK. Tredje AP fonden increased its stake in Rockwell Automation by 262.5% in the second quarter. Tredje AP fonden now owns 870 shares of the company’s stock worth $100,000 after buying an additional 630 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Johnson Financial Group Inc. increased its stake in Rockwell Automation by 1,818.4% in the second quarter. Johnson Financial Group Inc. now owns 940 shares of the company’s stock worth $108,000 after buying an additional 891 shares during the last quarter. TLP Group LLC bought a new stake in Rockwell Automation during the third quarter worth $138,000. Finally, Penserra Capital Management LLC increased its stake in Rockwell Automation by 95.4% in the third quarter. Penserra Capital Management LLC now owns 1,225 shares of the company’s stock worth $149,000 after buying an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 71.96% of the company’s stock.
Rockwell Automation (NYSE:ROK) traded down 0.8271% during midday trading on Wednesday, hitting $134.9049. The stock had a trading volume of 166,710 shares. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 24.2635 and a beta of 1.07. Rockwell Automation has a 1-year low of $87.53 and a 1-year high of $139.64. The firm has a 50-day moving average price of $134.05 and a 200-day moving average price of $121.29.
Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, November 7th. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.03. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 EPS. On average, equities research analysts anticipate that Rockwell Automation will post $6.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 14th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.23%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date was Wednesday, November 9th. Rockwell Automation’s dividend payout ratio is presently 54.58%.
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.
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