Rockwell Automation (NYSE:ROK) Price Target Raised to $327.00

Rockwell Automation (NYSE:ROK) had its target price increased by equities research analysts at Citigroup from $283.00 to $327.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Citigroup’s target price would indicate a potential upside of 10.89% from the stock’s current price.

Several other equities analysts have also commented on ROK. Robert W. Baird raised their price objective on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. BNP Paribas upgraded shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Morgan Stanley lifted their target price on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Loop Capital upped their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Finally, Barclays lifted their price objective on Rockwell Automation from $260.00 to $283.00 and gave the company an “equal weight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $308.37.

Rockwell Automation Trading Up 1.2 %

Shares of ROK opened at $294.88 on Thursday. Rockwell Automation has a 1-year low of $215.00 and a 1-year high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $251.89 and its 200-day moving average price is $273.72. The firm has a market capitalization of $33.34 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 3.53 and a beta of 1.32.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the firm posted $2.50 EPS. The business’s revenue was down 5.9% on a year-over-year basis. Sell-side analysts anticipate that Rockwell Automation will post 9.35 EPS for the current year.

Insider Transactions at Rockwell Automation

In other news, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now owns 3,650 shares of the company’s stock, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 500 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $295.01, for a total value of $147,505.00. Following the transaction, the senior vice president now owns 2,838 shares of the company’s stock, valued at approximately $837,238.38. This trade represents a 14.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,250 shares of company stock worth $1,223,428 in the last ninety days. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Rockwell Automation

Several large investors have recently added to or reduced their stakes in the company. MCF Advisors LLC raised its position in shares of Rockwell Automation by 95.8% during the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock valued at $667,000 after purchasing an additional 1,141 shares during the period. Ameritas Advisory Services LLC increased its stake in Rockwell Automation by 99.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock worth $1,482,000 after buying an additional 2,582 shares in the last quarter. Signal Advisors Wealth LLC raised its holdings in Rockwell Automation by 12.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 946 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 105 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Rockwell Automation by 357.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,239 shares of the industrial products company’s stock valued at $10,643,000 after acquiring an additional 29,105 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Rockwell Automation by 181.6% in the fourth quarter. Blue Trust Inc. now owns 2,095 shares of the industrial products company’s stock worth $562,000 after acquiring an additional 1,351 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.