Rockwell Automation (NYSE:ROK) Sets New 52-Week Low at $190.88

Rockwell Automation, Inc. (NYSE:ROKGet Rating)’s stock price reached a new 52-week low on Friday . The company traded as low as $190.88 and last traded at $191.09, with a volume of 3148436 shares trading hands. The stock had previously closed at $198.01.

ROK has been the subject of a number of analyst reports. Credit Suisse Group reduced their price objective on shares of Rockwell Automation from $308.00 to $256.00 in a research note on Wednesday, May 4th. Robert W. Baird reduced their price target on shares of Rockwell Automation from $310.00 to $255.00 in a research note on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Rockwell Automation from $318.00 to $292.00 and set a “hold” rating for the company in a research note on Thursday, April 14th. StockNews.com began coverage on shares of Rockwell Automation in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, TheStreet lowered shares of Rockwell Automation from a “b-” rating to a “c” rating in a research note on Tuesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $263.06.

The firm’s fifty day moving average price is $226.25 and its 200 day moving average price is $275.34. The company has a quick ratio of 0.78, a current ratio of 1.09 and a debt-to-equity ratio of 1.18. The stock has a market cap of $22.22 billion, a PE ratio of 34.74, a P/E/G ratio of 2.11 and a beta of 1.42.

Rockwell Automation (NYSE:ROKGet Rating) last released its earnings results on Tuesday, May 3rd. The industrial products company reported $1.66 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.61). Rockwell Automation had a return on equity of 35.96% and a net margin of 8.81%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm posted $2.41 EPS. Rockwell Automation’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, analysts anticipate that Rockwell Automation, Inc. will post 9.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Monday, August 15th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, August 12th. Rockwell Automation’s dividend payout ratio (DPR) is presently 81.45%.

Rockwell Automation announced that its board has initiated a share buyback plan on Tuesday, May 3rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, SVP Cyril Perducat sold 664 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $217.75, for a total transaction of $144,586.00. Following the sale, the senior vice president now owns 1,576 shares of the company’s stock, valued at $343,174. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patricia A. Watson acquired 1,110 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were purchased at an average price of $219.58 per share, for a total transaction of $243,733.80. Following the transaction, the director now directly owns 4,827 shares of the company’s stock, valued at $1,059,912.66. The disclosure for this purchase can be found here. 0.68% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Rockwell Automation by 0.9% during the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock valued at $3,212,750,000 after acquiring an additional 106,641 shares during the last quarter. BlackRock Inc. increased its position in Rockwell Automation by 2.9% during the first quarter. BlackRock Inc. now owns 9,227,972 shares of the industrial products company’s stock valued at $2,584,111,000 after acquiring an additional 261,227 shares during the last quarter. Capital World Investors increased its position in Rockwell Automation by 35.2% during the fourth quarter. Capital World Investors now owns 4,892,850 shares of the industrial products company’s stock valued at $1,706,871,000 after acquiring an additional 1,272,634 shares during the last quarter. State Street Corp increased its position in Rockwell Automation by 2.6% during the fourth quarter. State Street Corp now owns 4,846,228 shares of the industrial products company’s stock valued at $1,690,607,000 after acquiring an additional 120,708 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Rockwell Automation by 9.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,461,253 shares of the industrial products company’s stock valued at $509,758,000 after acquiring an additional 130,498 shares during the last quarter. Institutional investors and hedge funds own 78.21% of the company’s stock.

Rockwell Automation Company Profile (NYSE:ROK)

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

Further Reading

Want More Great Investing Ideas?

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.