Rockwell Automation (NYSE:ROK) Stock Rating Upgraded by TD Cowen

Rockwell Automation (NYSE:ROK) was upgraded by research analysts at TD Cowen from a “sell” rating to a “hold” rating in a research note issued on Friday, MarketBeat.com reports. The firm currently has a $275.00 target price on the industrial products company’s stock. TD Cowen’s price objective indicates a potential downside of 6.74% from the company’s current price.

Several other research firms have also issued reports on ROK. The Goldman Sachs Group raised their price target on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Citigroup upped their target price on shares of Rockwell Automation from $283.00 to $327.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday. Loop Capital increased their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley boosted their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Moderate Buy” and an average target price of $308.37.

Rockwell Automation Stock Up 1.2 %

Shares of ROK opened at $294.88 on Friday. Rockwell Automation has a 52 week low of $215.00 and a 52 week high of $308.70. The firm has a market capitalization of $33.34 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.53 and a beta of 1.32. The company has a 50-day simple moving average of $251.89 and a 200-day simple moving average of $273.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts expect that Rockwell Automation will post 9.35 earnings per share for the current year.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the transaction, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,250 shares of company stock worth $1,223,428. 0.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rockwell Automation

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Rockwell Automation by 5.8% in the third quarter. Principal Financial Group Inc. now owns 204,679 shares of the industrial products company’s stock worth $54,948,000 after buying an additional 11,161 shares during the last quarter. Jacobs & Co. CA boosted its position in shares of Rockwell Automation by 1.8% during the fourth quarter. Jacobs & Co. CA now owns 30,496 shares of the industrial products company’s stock worth $8,715,000 after acquiring an additional 530 shares during the last quarter. Graypoint LLC boosted its holdings in shares of Rockwell Automation by 9.5% during the 4th quarter. Graypoint LLC now owns 920 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 80 shares during the last quarter. West Oak Capital LLC grew its holdings in Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 82 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Rockwell Automation by 5.9% in the fourth quarter. Czech National Bank now owns 24,479 shares of the industrial products company’s stock valued at $6,996,000 after purchasing an additional 1,365 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Company Profile

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.