Rockwell Automation (ROK) PT Raised to $200.00 at Citigroup

Rockwell Automation (NYSE:ROK) had its price objective boosted by stock analysts at Citigroup from $187.00 to $200.00 in a report issued on Friday, November 10th. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price target would indicate a potential upside of 5.19% from the company’s current price.

A number of other analysts have also commented on ROK. Stifel Nicolaus reissued a “hold” rating and set a $167.00 price target on shares of Rockwell Automation in a research note on Wednesday, July 19th. reissued a “hold” rating and set a $147.00 price target (up from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. BidaskClub downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. J P Morgan Chase & Co upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price objective for the company in a research report on Thursday, July 27th. Finally, Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $165.00.

Shares of Rockwell Automation (NYSE ROK) opened at $190.13 on Friday. The firm has a market capitalization of $25,150.00, a PE ratio of 28.37, a P/E/G ratio of 2.15 and a beta of 1.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80. Rockwell Automation has a 12 month low of $129.66 and a 12 month high of $210.72.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.03). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.52 earnings per share. equities analysts predict that Rockwell Automation will post 7.4 EPS for the current fiscal year.

In other Rockwell Automation news, insider Blake D. Moret sold 5,677 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total value of $965,657.70. Following the sale, the insider now directly owns 21,426 shares in the company, valued at $3,644,562.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Blake D. Moret sold 1,723 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the sale, the insider now owns 22,849 shares in the company, valued at $3,885,700.94. The disclosure for this sale can be found here. 1.65% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Keel Point LLC increased its stake in Rockwell Automation by 0.3% in the 2nd quarter. Keel Point LLC now owns 1,724 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 6 shares during the last quarter. CWM LLC boosted its holdings 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 in the last quarter. Advisor Partners LLC boosted its holdings 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 in the last quarter. Sfmg LLC boosted its holdings 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 in the last quarter. Finally, Westside Investment Management Inc. boosted its holdings 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 in the last quarter. Institutional investors own 73.04% of the company’s stock.

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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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