Brokerages Set Rockwell Automation Inc. (ROK) PT at $108.67
Shares of Rockwell Automation Inc. (NYSE:ROK) have earned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the firm. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $108.67.
ROK has been the topic of several research reports. Morgan Stanley set a $109.00 price target on shares of Rockwell Automation and gave the stock a “sell” rating in a research report on Wednesday, September 28th. Sanford C. Bernstein upgraded shares of Rockwell Automation from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $105.00 to $121.00 in a research report on Friday, September 30th. Berenberg Bank initiated coverage on shares of Rockwell Automation in a research report on Monday, October 3rd. They set a “sell” rating and a $110.00 price target on the stock. Zacks Investment Research downgraded shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Finally, HSBC initiated coverage on shares of Rockwell Automation in a research report on Friday, October 7th. They set a “hold” rating and a $108.00 target price on the stock.
Shares of Rockwell Automation (NYSE:ROK) opened at 131.34 on Friday. The company’s 50 day moving average is $123.40 and its 200 day moving average is $118.30. Rockwell Automation has a 12-month low of $87.53 and a 12-month high of $133.68. The firm has a market capitalization of $16.84 billion, a PE ratio of 23.62 and a beta of 1.00.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, November 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.03. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. Rockwell Automation had a net margin of 12.41% and a return on equity of 36.34%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. On average, analysts forecast that Rockwell Automation will post $6.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 14th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 2.31%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, November 9th. Rockwell Automation’s dividend payout ratio is presently 54.58%.
In related news, SVP Frank C. Kulaszewicz sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $131.68, for a total transaction of $197,520.00. Following the completion of the sale, the senior vice president now directly owns 27,740 shares of the company’s stock, valued at approximately $3,652,803.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Theodore D. Crandall sold 11,300 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $131.73, for a total value of $1,488,549.00. Following the sale, the chief financial officer now directly owns 96,981 shares of the company’s stock, valued at $12,775,307.13. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Tredje AP fonden boosted its position in shares of Rockwell Automation by 262.5% in the second quarter. Tredje AP fonden now owns 870 shares of the company’s stock valued at $100,000 after buying an additional 630 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock valued at $108,000 after buying an additional 5 shares in the last quarter. Johnson Financial Group Inc. boosted its position in shares of Rockwell Automation by 1,818.4% in the second quarter. Johnson Financial Group Inc. now owns 940 shares of the company’s stock valued at $108,000 after buying an additional 891 shares in the last quarter. TLP Group LLC acquired a new position in shares of Rockwell Automation during the third quarter valued at $138,000. Finally, Penserra Capital Management LLC boosted its position in shares of Rockwell Automation by 95.4% in the third quarter. Penserra Capital Management LLC now owns 1,225 shares of the company’s stock valued at $149,000 after buying an additional 598 shares in the last quarter. 72.07% of the stock is owned by institutional investors.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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