Rockwell Automation (NYSE:ROK) Receives $189.44 Average PT from Analysts

Rockwell Automation (NYSE:ROK) has been given a consensus rating of “Hold” by the twenty-two ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $189.44.

A number of brokerages recently weighed in on ROK. Gabelli downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. G.Research lowered Rockwell Automation from a “hold” rating to a “sell” rating in a report on Thursday, April 30th. Gordon Haskett raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Wednesday, March 25th. Robert W. Baird raised their target price on Rockwell Automation from $134.00 to $167.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Citigroup raised their target price on Rockwell Automation from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th.

Shares of ROK stock traded down $2.93 during trading on Friday, reaching $205.27. The company had a trading volume of 915,806 shares, compared to its average volume of 1,016,520. The firm’s 50 day simple moving average is $207.98 and its two-hundred day simple moving average is $190.92. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.57 and a quick ratio of 1.21. Rockwell Automation has a one year low of $115.38 and a one year high of $230.71. The company has a market capitalization of $24.11 billion, a PE ratio of 33.87, a PEG ratio of 5.34 and a beta of 1.49.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.61. Rockwell Automation had a return on equity of 118.85% and a net margin of 10.54%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business earned $2.04 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Analysts forecast that Rockwell Automation will post 7.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, August 14th. Rockwell Automation’s payout ratio is presently 47.06%.

In related news, VP Steven W. Etzel sold 1,200 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $205.50, for a total value of $246,600.00. Following the sale, the vice president now owns 10,123 shares of the company’s stock, valued at approximately $2,080,276.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Phillip Holloman sold 1,582 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $194.34, for a total value of $307,445.88. The disclosure for this sale can be found here. Insiders have sold a total of 25,036 shares of company stock worth $5,292,882 in the last three months. 0.77% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its position in Rockwell Automation by 67.6% in the 1st quarter. Meeder Asset Management Inc. now owns 176 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. OmniStar Financial Group Inc. bought a new stake in shares of Rockwell Automation during the first quarter worth $29,000. Citizens Financial Group Inc RI raised its position in shares of Rockwell Automation by 68.4% during the first quarter. Citizens Financial Group Inc RI now owns 192 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 78 shares during the last quarter. Asset Dedication LLC raised its position in shares of Rockwell Automation by 117.4% during the first quarter. Asset Dedication LLC now owns 200 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 108 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Rockwell Automation during the first quarter worth $30,000. 77.35% of the stock is currently owned by institutional investors and hedge funds.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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