Several other research firms have also recently commented on ROK. Credit Suisse Group AG restated a hold rating and set a $145.00 target price on shares of Rockwell Automation in a research report on Thursday, March 30th. Barclays PLC lifted their price target on Rockwell Automation from $144.00 to $166.00 and gave the stock an overweight rating in a research note on Thursday, January 26th. Zacks Investment Research raised Rockwell Automation from a hold rating to a buy rating and set a $171.00 price target for the company in a research note on Friday, January 27th. Berenberg Bank reissued a sell rating and issued a $125.00 target price on shares of Rockwell Automation in a research note on Wednesday, February 22nd. Finally, Oppenheimer Holdings Inc. reissued a hold rating on shares of Rockwell Automation in a research note on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $141.50.
Shares of Rockwell Automation (NYSE:ROK) traded up 2.04% during trading on Wednesday, hitting $157.36. 856,482 shares of the stock traded hands. The company’s 50 day moving average is $155.36 and its 200 day moving average is $145.69. The firm has a market cap of $20.27 billion, a PE ratio of 26.27 and a beta of 1.07. Rockwell Automation has a 52-week low of $107.17 and a 52-week high of $165.00.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, April 26th. The industrial products company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.15. Rockwell Automation had a return on equity of 38.57% and a net margin of 12.77%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Rockwell Automation will post $6.64 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 15th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $3.04 dividend on an annualized basis and a yield of 1.93%. Rockwell Automation’s dividend payout ratio is currently 52.23%.
In other Rockwell Automation news, insider John P. Mcdermott sold 16,875 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $150.52, for a total value of $2,540,025.00. Following the completion of the sale, the insider now owns 54,509 shares in the company, valued at approximately $8,204,694.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Steven W. Etzel sold 3,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $158.54, for a total value of $475,620.00. Following the completion of the sale, the vice president now owns 9,465 shares of the company’s stock, valued at approximately $1,500,581.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,417 shares of company stock worth $30,175,586. 1.65% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of ROK. BlackRock Inc. raised its stake in shares of Rockwell Automation by 3,186.3% in the first quarter. BlackRock Inc. now owns 9,018,663 shares of the industrial products company’s stock worth $1,404,295,000 after buying an additional 8,744,232 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Rockwell Automation by 3.3% in the first quarter. Vanguard Group Inc. now owns 8,501,207 shares of the industrial products company’s stock worth $1,323,724,000 after buying an additional 270,023 shares during the last quarter. State Street Corp raised its stake in shares of Rockwell Automation by 1.3% in the first quarter. State Street Corp now owns 5,749,538 shares of the industrial products company’s stock worth $895,260,000 after buying an additional 76,191 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Rockwell Automation by 0.6% in the third quarter. Lazard Asset Management LLC now owns 4,671,449 shares of the industrial products company’s stock worth $571,504,000 after buying an additional 26,727 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Rockwell Automation during the fourth quarter worth $201,190,000. Institutional investors and hedge funds own 72.56% of the company’s stock.
Rockwell Automation Company Profile
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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