Rockwell Automation, Inc. (NYSE:ROK) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also commented on the stock. Cowen and Company boosted their price objective on shares of Rockwell Automation from $125.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, July 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $167.00 price objective on shares of Rockwell Automation in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a report on Tuesday, July 11th. BidaskClub upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, HSBC Holdings plc reiterated a “hold” rating and issued a $147.00 price objective (up previously from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Rockwell Automation has an average rating of “Hold” and a consensus price target of $152.27.

Rockwell Automation (NYSE ROK) opened at 164.01 on Thursday. The company has a 50-day moving average price of $163.17 and a 200 day moving average price of $158.95. The stock has a market cap of $21.05 billion, a price-to-earnings ratio of 26.45 and a beta of 1.16. Rockwell Automation has a 12-month low of $111.52 and a 12-month high of $167.97.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts predict that Rockwell Automation will post $6.75 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “ValuEngine Upgrades Rockwell Automation, Inc. (ROK) to Buy” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/09/valuengine-upgrades-rockwell-automation-inc-rok-to-buy.html.

In other news, insider Blake D. Moret sold 3,100 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $164.88, for a total value of $511,128.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Frank C. Kulaszewicz sold 8,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $165.74, for a total transaction of $1,325,920.00. Following the completion of the transaction, the senior vice president now owns 33,195 shares of the company’s stock, valued at $5,501,739.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,425 shares of company stock valued at $9,658,813. 1.65% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Keel Point LLC boosted its holdings in shares of Rockwell Automation by 0.3% in the first quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 5 shares in the last quarter. CWM LLC boosted its holdings in shares of Rockwell Automation by 0.3% in the second quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock valued at $344,000 after acquiring an additional 6 shares in the last quarter. WealthTrust Fairport LLC boosted its holdings in shares of Rockwell Automation by 0.5% in the first quarter. WealthTrust Fairport LLC now owns 1,669 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 8 shares in the last quarter. Advisor Partners LLC boosted its holdings in shares of Rockwell Automation by 0.3% in the second quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock valued at $416,000 after acquiring an additional 8 shares in the last quarter. Finally, Sfmg LLC boosted its holdings in shares of Rockwell Automation by 0.4% in the second quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

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.

Analyst Recommendations for Rockwell Automation (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.