Citigroup Inc. Raises Rockwell Automation, Inc. (ROK) Price Target to $200.00

Rockwell Automation, Inc. (NYSE:ROK) had its price target upped by Citigroup Inc. from $187.00 to $200.00 in a research report report published on Friday. They currently have a neutral rating on the industrial products company’s stock.

Several other equities analysts have also issued reports on the company. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Rockwell Automation in a research note on Thursday, November 9th. HSBC Holdings plc lowered Rockwell Automation from a hold rating to a reduce rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Rockwell Automation from a hold rating to a buy rating and set a $209.00 price target on the stock in a research note on Tuesday, October 17th. Stifel Nicolaus restated a hold rating and set a $183.00 price target on shares of Rockwell Automation in a research note on Thursday, October 12th. Finally, Credit Suisse Group restated a neutral rating and set a $174.00 price target (up previously from $154.00) on shares of Rockwell Automation in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $165.00.

Rockwell Automation (ROK) traded down $0.07 on Friday, reaching $192.54. The company’s stock had a trading volume of 632,200 shares, compared to its average volume of 863,158. Rockwell Automation has a 52 week low of $129.66 and a 52 week high of $210.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.46 and a quick ratio of 3.00. The stock has a market capitalization of $24,723.27, a price-to-earnings ratio of 28.53, a PEG ratio of 2.21 and a beta of 1.24.

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

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

In other Rockwell Automation news, insider Blake D. Moret sold 1,723 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the transaction, the insider now directly owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Blake D. Moret sold 5,677 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total value of $965,657.70. Following the completion of the transaction, the insider now directly owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The disclosure for this sale can be found here. Insiders have sold 10,400 shares of company stock valued at $1,753,821 in the last ninety days. Corporate insiders own 1.65% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Rockwell Automation by 7.5% in the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after acquiring an additional 679,645 shares during the period. Vanguard Group Inc. lifted its holdings in Rockwell Automation by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock valued at $1,420,278,000 after acquiring an additional 268,101 shares during the period. Lazard Asset Management LLC lifted its holdings in Rockwell Automation by 0.5% in the second quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock valued at $373,861,000 after acquiring an additional 11,384 shares during the period. Ameriprise Financial Inc. lifted its holdings in Rockwell Automation by 47.2% in the third quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock valued at $277,788,000 after acquiring an additional 499,745 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Rockwell Automation by 12.8% in the third quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after acquiring an additional 171,598 shares during the period. 72.90% of the stock is owned by institutional investors.

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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