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.
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