Rockwell Automation (NYSE:ROK) has received an average recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $171.07.
Several equities analysts have recently commented on ROK shares. Morgan Stanley lowered their price objective on Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating on the stock in a research report on Friday, June 14th. JPMorgan Chase & Co. set a $154.00 price objective on Rockwell Automation and gave the company a “hold” rating in a research report on Friday, July 19th. Gabelli upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Wednesday, May 29th. Citigroup lowered their price objective on Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Zacks Investment Research upgraded Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price objective on the stock in a research report on Thursday, July 18th.
NYSE ROK traded down $4.64 on Friday, hitting $147.87. 672,360 shares of the company traded hands, compared to its average volume of 945,916. The business’s 50 day moving average price is $156.85 and its 200-day moving average price is $167.65. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $198.23. The company has a market capitalization of $17.84 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 2.25 and a beta of 1.40. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.11. Rockwell Automation had a return on equity of 78.71% and a net margin of 15.44%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $2.16 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts predict that Rockwell Automation will post 8.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.88 annualized dividend and a dividend yield of 2.62%. Rockwell Automation’s dividend payout ratio (DPR) is 47.84%.
In other news, insider Blake D. Moret sold 297 shares of Rockwell Automation stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $161.53, for a total value of $47,974.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Michael Laszkiewicz sold 263 shares of Rockwell Automation stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $159.38, for a total value of $41,916.94. The disclosure for this sale can be found here. Insiders sold 3,810 shares of company stock worth $621,819 over the last ninety days. Insiders own 1.43% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Coastal Capital Group Inc. bought a new stake in Rockwell Automation during the second quarter worth approximately $25,000. Zions Bancorporation N.A. bought a new position in shares of Rockwell Automation during the first quarter valued at approximately $26,000. Griffin Asset Management Inc. bought a new position in shares of Rockwell Automation during the second quarter valued at approximately $26,000. TCG Advisors LP bought a new position in shares of Rockwell Automation during the first quarter valued at approximately $29,000. Finally, Thor Advisors LLC bought a new position in shares of Rockwell Automation during the first quarter valued at approximately $29,000. 76.78% of the stock is currently owned by hedge funds and other institutional investors.
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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