ValuEngine downgraded shares of Rockwell Automation, Inc. (NYSE:ROK) from a buy rating to a hold rating in a report released on Monday morning.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Rockwell Automation from a hold rating to a buy rating and set a $184.00 target price on the stock in a research note on Tuesday, July 11th. BidaskClub raised shares of Rockwell Automation from a hold rating to a buy rating in a research note on Saturday, July 8th. Morgan Stanley reissued an equal weight rating and issued a $173.00 target price (up previously from $168.00) on shares of Rockwell Automation in a research note on Monday. HSBC Holdings plc reissued a hold rating and issued a $147.00 target price (up previously from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. Finally, Stifel Nicolaus reissued a hold rating and issued a $167.00 target price on shares of Rockwell Automation in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. Rockwell Automation currently has an average rating of Hold and an average target price of $156.21.

Shares of Rockwell Automation (NYSE ROK) opened at 182.51 on Monday. The stock’s 50 day moving average price is $169.76 and its 200-day moving average price is $162.10. Rockwell Automation has a 52-week low of $114.46 and a 52-week high of $182.97. The stock has a market cap of $23.43 billion, a price-to-earnings ratio of 29.43 and a beta of 1.19.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $1.58 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts predict that Rockwell Automation will post $6.76 earnings per share for the current fiscal year.

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In related news, SVP Sujeet Chand sold 9,500 shares of Rockwell Automation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $165.13, for a total transaction of $1,568,735.00. Following the sale, the senior vice president now owns 41,273 shares of the company’s stock, valued at approximately $6,815,410.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith D. Nosbusch sold 10,000 shares of Rockwell Automation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $165.00, for a total transaction of $1,650,000.00. Following the sale, the director now directly owns 411,286 shares in the company, valued at approximately $67,862,190. The disclosure for this sale can be found here. Insiders have sold a total of 65,825 shares of company stock worth $10,917,484 in the last ninety days. 1.65% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Keel Point LLC increased its stake in Rockwell Automation by 0.3% during the 1st quarter. Keel Point LLC now owns 1,718 shares of the industrial products company’s stock worth $268,000 after buying an additional 5 shares during the period. CWM LLC increased its position in shares of Rockwell Automation by 0.3% in the 2nd quarter. CWM LLC now owns 2,125 shares of the industrial products company’s stock worth $344,000 after purchasing an additional 6 shares during the last quarter. Advisor Partners LLC increased its position in shares of Rockwell Automation by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 2,567 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 8 shares during the last quarter. Sfmg LLC increased its position in shares of Rockwell Automation by 0.4% in the 2nd quarter. Sfmg LLC now owns 1,796 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 8 shares during the last quarter. Finally, Westside Investment Management Inc. increased its position in shares of Rockwell Automation by 0.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,666 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 9 shares during the last quarter. 73.61% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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