Rockwell Automation, Inc. (ROK) Earns Hold Rating from Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Rockwell Automation, Inc. (NYSE:ROK) in a report published on Thursday. They currently have a $183.00 target price on the industrial products company’s stock.

Several other research firms have also recently commented on ROK. Credit Suisse Group reiterated a neutral rating and set a $174.00 target price (up from $154.00) on shares of Rockwell Automation in a research note on Wednesday, October 11th. Citigroup Inc. reiterated a neutral rating and set a $187.00 target price (up from $175.00) on shares of Rockwell Automation in a research note on Monday, October 9th. Zacks Investment Research cut shares of Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday, October 4th. ValuEngine cut shares of Rockwell Automation from a buy rating to a hold rating in a research note on Monday, October 2nd. Finally, Morgan Stanley reiterated an equal weight rating and set a $173.00 target price (up from $168.00) on shares of Rockwell Automation in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $163.43.

Shares of Rockwell Automation (NYSE:ROK) opened at 186.8414 on Thursday. Rockwell Automation has a 1-year low of $115.36 and a 1-year high of $187.29. The stock has a market cap of $23.98 billion, a P/E ratio of 30.1308 and a beta of 1.19. The company’s 50-day moving average is $174.06 and its 200 day moving average is $163.49.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. Equities research analysts anticipate that Rockwell Automation will post $6.77 EPS for the current year.

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In other news, Director Keith D. Nosbusch sold 10,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $165.00, for a total value of $1,650,000.00. Following the sale, the director now owns 411,286 shares of the company’s stock, valued at approximately $67,862,190. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Sujeet Chand sold 9,500 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $165.13, for a total transaction of $1,568,735.00. Following the completion of the sale, the senior vice president now directly owns 41,273 shares in the company, valued at approximately $6,815,410.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,825 shares of company stock valued at $10,917,484. Corporate insiders own 1.65% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Rockwell Automation by 0.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 273,710 shares of the industrial products company’s stock worth $44,330,000 after purchasing an additional 854 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Rockwell Automation by 2.3% in the 2nd quarter. Principal Financial Group Inc. now owns 222,056 shares of the industrial products company’s stock worth $35,964,000 after purchasing an additional 5,077 shares during the last quarter. Swiss National Bank grew its holdings in shares of Rockwell Automation by 3.4% in the 2nd quarter. Swiss National Bank now owns 469,836 shares of the industrial products company’s stock worth $76,095,000 after purchasing an additional 15,300 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Rockwell Automation in the 2nd quarter worth about $1,535,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Rockwell Automation by 16.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 195,208 shares of the industrial products company’s stock worth $31,618,000 after purchasing an additional 27,256 shares during the last quarter. 73.59% of the stock is currently owned by institutional investors and hedge funds.

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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