Rockwell Automation, Inc. (NYSE:ROK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) have received an average recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $240.29.

ROK has been the subject of several recent research reports. StockNews.com upgraded Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Saturday, July 23rd. Mizuho dropped their price target on Rockwell Automation from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, July 18th. Barclays decreased their price objective on Rockwell Automation from $200.00 to $190.00 in a report on Friday, July 8th. Sanford C. Bernstein downgraded Rockwell Automation from an “outperform” rating to a “market perform” rating and set a $290.00 price target on the stock. in a report on Tuesday, August 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Rockwell Automation from $212.00 to $231.00 in a report on Thursday, July 28th.

Insider Activity at Rockwell Automation

In other news, VP John M. Miller sold 1,200 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $253.10, for a total transaction of $303,720.00. Following the completion of the sale, the vice president now owns 4,508 shares of the company’s stock, valued at $1,140,974.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Rockwell Automation

Institutional investors and hedge funds have recently bought and sold shares of the company. Greenleaf Trust lifted its holdings in shares of Rockwell Automation by 1.6% in the 1st quarter. Greenleaf Trust now owns 2,414 shares of the industrial products company’s stock worth $676,000 after acquiring an additional 39 shares during the last quarter. Merriman Wealth Management LLC lifted its holdings in Rockwell Automation by 5.1% during the 1st quarter. Merriman Wealth Management LLC now owns 843 shares of the industrial products company’s stock worth $236,000 after buying an additional 41 shares in the last quarter. Tiedemann Advisors LLC increased its position in shares of Rockwell Automation by 0.7% in the 2nd quarter. Tiedemann Advisors LLC now owns 6,416 shares of the industrial products company’s stock valued at $1,279,000 after purchasing an additional 47 shares during the last quarter. Crescent Grove Advisors LLC increased its position in shares of Rockwell Automation by 4.0% in the 2nd quarter. Crescent Grove Advisors LLC now owns 1,263 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 48 shares during the last quarter. Finally, CAPROCK Group Inc. increased its position in shares of Rockwell Automation by 3.2% in the 1st quarter. CAPROCK Group Inc. now owns 1,567 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 49 shares during the last quarter. 79.11% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

Shares of ROK opened at $225.00 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.76 and a debt-to-equity ratio of 1.29. The stock has a 50 day moving average of $241.32 and a 200 day moving average of $235.41. Rockwell Automation has a 12 month low of $190.08 and a 12 month high of $354.99. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of 39.27, a PEG ratio of 2.59 and a beta of 1.47.

Rockwell Automation (NYSE:ROKGet Rating) last released its earnings results on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.33. Rockwell Automation had a return on equity of 37.06% and a net margin of 9.03%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business posted $2.31 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Rockwell Automation will post 9.4 earnings per share for the current year.

Rockwell Automation Company Profile

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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.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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