Cowen and Company reaffirmed their hold rating on shares of Rockwell Automation, Inc. (NYSE:ROK) in a research report released on Sunday. They currently have a $140.00 price target on the industrial products company’s stock.
Other equities research analysts have also recently issued research reports about the stock. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Rockwell Automation in a research report on Friday, August 18th. BidaskClub cut shares of Rockwell Automation from a hold rating to a sell rating in a report on Sunday, July 30th. Zacks Investment Research cut shares of Rockwell Automation from a buy rating to a hold rating in a report on Saturday, July 1st. Wolfe Research assumed coverage on shares of Rockwell Automation in a report on Tuesday, July 11th. They issued a peer perform rating for the company. Finally, HSBC Holdings plc reaffirmed a hold rating and issued a $147.00 price target (up previously from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Rockwell Automation has a consensus rating of Hold and a consensus target price of $152.27.
Rockwell Automation (NYSE:ROK) opened at 177.58 on Friday. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 28.64 and a beta of 1.16. The company has a 50-day moving average of $164.79 and a 200-day moving average of $160.06. Rockwell Automation has a one year low of $113.50 and a one year high of $178.11.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. Rockwell Automation’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts forecast that Rockwell Automation will post $6.75 EPS for the current fiscal year.
In other news, Director Keith D. Nosbusch sold 20,000 shares of Rockwell Automation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $165.50, for a total value of $3,310,000.00. Following the sale, the director now owns 411,286 shares in the company, valued at $68,067,833. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Blake D. Moret sold 3,100 shares of Rockwell Automation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $164.88, for a total transaction of $511,128.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,825 shares of company stock worth $10,917,484. Company insiders own 1.65% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Frontier Investment Mgmt Co. acquired a new position in Rockwell Automation during the second quarter worth about $620,000. Griffin Asset Management Inc. acquired a new position in Rockwell Automation during the second quarter worth about $453,000. United Bank VA boosted its position in Rockwell Automation by 0.6% during the second quarter. United Bank VA now owns 12,539 shares of the industrial products company’s stock worth $2,031,000 after acquiring an additional 72 shares during the last quarter. Hall Laurie J Trustee boosted its position in Rockwell Automation by 4.9% during the second quarter. Hall Laurie J Trustee now owns 2,375 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 110 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Rockwell Automation by 38.4% during the second quarter. Toronto Dominion Bank now owns 48,242 shares of the industrial products company’s stock worth $7,812,000 after acquiring an additional 13,394 shares during the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.
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.
Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with our FREE daily email newsletter.