Goldman Sachs Group restated their neutral rating on shares of Rockwell Automation (NYSE:ROK) in a research note published on Friday, MarketBeat.com reports. They currently have a $193.00 price objective on the industrial products company’s stock.

ROK has been the topic of several other research reports. Credit Suisse Group reissued a neutral rating and set a $174.00 price objective (up previously from $154.00) on shares of Rockwell Automation in a research note on Wednesday, October 11th. Zacks Investment Research downgraded shares of Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday, October 4th. Wolfe Research upgraded shares of Rockwell Automation from a market perform rating to an outperform rating in a research note on Monday, November 20th. J P Morgan Chase & Co began coverage on shares of Rockwell Automation in a research note on Wednesday, November 29th. They issued a neutral rating on the stock. Finally, Cowen reiterated a hold rating and issued a $140.00 target price on shares of Rockwell Automation in a research note on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $166.87.

Shares of Rockwell Automation (NYSE:ROK) opened at $192.86 on Friday. Rockwell Automation has a 52 week low of $133.61 and a 52 week high of $210.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06. The company has a market cap of $24,783.07, a PE ratio of 28.57, a P/E/G ratio of 2.16 and a beta of 1.23.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm earned $1.52 EPS. The company’s revenue was up 8.4% on a year-over-year basis. analysts expect that Rockwell Automation will post 7.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 1.73%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, November 10th. Rockwell Automation’s payout ratio is presently 52.68%.

In other news, VP Steven W. Etzel sold 514 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $98,045.50. Following the completion of the transaction, the vice president now directly owns 7,737 shares of the company’s stock, valued at $1,475,832.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence D. Kingsley acquired 365 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were bought at an average cost of $99.77 per share, with a total value of $36,416.05. Following the completion of the acquisition, the director now directly owns 5,421 shares of the company’s stock, valued at $540,853.17. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,340 shares of company stock valued at $137,336 and have sold 18,025 shares valued at $3,285,650. 1.65% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in ROK. Acrospire Investment Management LLC increased its holdings in Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock valued at $129,000 after buying an additional 499 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in Rockwell Automation during the third quarter valued at approximately $131,000. Rockefeller Financial Services Inc. purchased a new stake in Rockwell Automation during the third quarter valued at approximately $143,000. Sun Life Financial INC increased its holdings in Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock valued at $153,000 after buying an additional 934 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Rockwell Automation during the third quarter valued at approximately $186,000. 73.04% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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