Rockwell Automation (NYSE:ROK) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, ValuEngine reports.

A number of other equities analysts have also recently issued reports on ROK. Morgan Stanley cut their target price on Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating on the stock in a report on Friday, October 11th. Barclays reiterated a “hold” rating and issued a $159.00 target price on shares of Rockwell Automation in a report on Friday, October 4th. Zacks Investment Research cut Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 target price on the stock. in a report on Wednesday, October 16th. Gordon Haskett cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Citigroup cut their target price on Rockwell Automation from $180.00 to $174.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $182.20.

Shares of Rockwell Automation stock traded up $1.52 on Wednesday, reaching $200.27. 730,921 shares of the company’s stock were exchanged, compared to its average volume of 1,010,149. Rockwell Automation has a 52 week low of $141.46 and a 52 week high of $207.11. The firm’s 50-day moving average is $171.28 and its two-hundred day moving average is $162.41. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.17 and a current ratio of 1.54. The company has a market capitalization of $22.89 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 2.80 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.09. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business earned $2.11 EPS. Rockwell Automation’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts expect that Rockwell Automation will post 8.9 EPS for the current fiscal year.

In related news, CFO Patrick P. Goris sold 3,400 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $200.00, for a total value of $680,000.00. Following the completion of the sale, the chief financial officer now directly owns 12,202 shares of the company’s stock, valued at approximately $2,440,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Elik I. Fooks sold 7,100 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $199.07, for a total value of $1,413,397.00. Following the completion of the sale, the senior vice president now directly owns 17,597 shares of the company’s stock, valued at $3,503,034.79. The disclosure for this sale can be found here. Insiders sold a total of 29,648 shares of company stock valued at $5,720,944 over the last three months. 1.43% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROK. FMR LLC increased its position in shares of Rockwell Automation by 0.6% during the 1st quarter. FMR LLC now owns 119,971 shares of the industrial products company’s stock valued at $21,050,000 after purchasing an additional 709 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in shares of Rockwell Automation by 4.0% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 4,100 shares of the industrial products company’s stock valued at $672,000 after purchasing an additional 159 shares during the last quarter. Swedbank increased its position in shares of Rockwell Automation by 5.4% during the 2nd quarter. Swedbank now owns 1,044,529 shares of the industrial products company’s stock valued at $171,125,000 after purchasing an additional 53,294 shares during the last quarter. Ellenbecker Investment Group purchased a new stake in shares of Rockwell Automation during the 2nd quarter valued at $392,000. Finally, Rockland Trust Co. increased its position in shares of Rockwell Automation by 6.1% during the 2nd quarter. Rockland Trust Co. now owns 25,206 shares of the industrial products company’s stock valued at $4,129,000 after purchasing an additional 1,456 shares during the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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