Rockwell Automation, Inc. (NYSE:ROK) Receives Consensus Rating of “Hold” from Analysts

Rockwell Automation, Inc. (NYSE:ROK) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $294.17.

A number of analysts have recently issued reports on ROK shares. Loop Capital reduced their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research report on Tuesday, May 14th. Robert W. Baird cut their target price on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Barclays lowered their price target on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company dropped their price target on shares of Rockwell Automation from $312.00 to $305.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Finally, Mizuho reduced their price objective on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th.

Rockwell Automation Trading Down 4.2 %

Rockwell Automation stock opened at $253.47 on Monday. The company has a 50 day moving average price of $265.87 and a 200 day moving average price of $275.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. Rockwell Automation has a 52 week low of $249.00 and a 52 week high of $317.74. The firm has a market capitalization of $28.90 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 4.71 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. Rockwell Automation’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.01 earnings per share. Research analysts forecast that Rockwell Automation will post 10.07 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be issued a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 annualized dividend and a yield of 1.97%. Rockwell Automation’s dividend payout ratio (DPR) is currently 48.88%.

Insider Buying and Selling at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the sale, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $273.27, for a total value of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tessa M. Myers sold 528 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the sale, the senior vice president now owns 3,718 shares of the company’s stock, valued at approximately $943,554.04. The disclosure for this sale can be found here. Insiders have sold a total of 2,199 shares of company stock worth $572,750 over the last 90 days. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Rockwell Automation

Institutional investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new position in shares of Rockwell Automation in the 1st quarter valued at $26,000. Riverview Trust Co bought a new stake in shares of Rockwell Automation during the first quarter valued at approximately $28,000. Bfsg LLC bought a new stake in shares of Rockwell Automation during the first quarter worth $29,000. ESL Trust Services LLC acquired a new position in shares of Rockwell Automation during the first quarter valued at $29,000. Finally, Security National Bank bought a new position in Rockwell Automation in the fourth quarter valued at about $40,000. 75.75% of the stock is owned by institutional investors and hedge funds.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.