Rockwell Automation (ROK) Upgraded to Hold at Gabelli

Gabelli upgraded shares of Rockwell Automation (NYSE:ROK) from a sell rating to a hold rating in a research report released on Wednesday, April 19th.

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.

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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.

12 Month Chart for NYSE:ROK

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