William Blair Reiterates “Market Perform” Rating for Rockwell Automation (NYSE:ROK)

Rockwell Automation (NYSE:ROK)‘s stock had its “market perform” rating reiterated by William Blair in a research note issued on Wednesday, Zacks.com reports.

A number of other research firms also recently issued reports on ROK. Morgan Stanley boosted their price target on shares of Rockwell Automation from $177.00 to $220.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Deutsche Bank increased their price objective on shares of Rockwell Automation from $165.00 to $212.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. UBS Group increased their price objective on shares of Rockwell Automation from $161.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Rosenblatt Securities upgraded shares of Rockwell Automation from a “sell” rating to a “neutral” rating and upped their target price for the company from $173.00 to $205.00 in a report on Wednesday. Finally, Oppenheimer increased their price target on shares of Rockwell Automation from $182.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $202.59.

Shares of Rockwell Automation stock traded down $1.70 on Wednesday, reaching $218.14. The company had a trading volume of 770,382 shares, compared to its average volume of 649,171. The firm’s 50 day moving average price is $214.27 and its two-hundred day moving average price is $193.19. The firm has a market cap of $25.49 billion, a PE ratio of 33.10, a PEG ratio of 5.04 and a beta of 1.50. Rockwell Automation has a 52-week low of $115.38 and a 52-week high of $230.93. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.21 and a current ratio of 1.31.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Rockwell Automation had a net margin of 11.85% and a return on equity of 105.45%. The business’s revenue was down 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.40 EPS. As a group, sell-side analysts predict that Rockwell Automation will post 7.5 EPS for the current year.

In other news, Director James Phillip Holloman sold 1,582 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $194.34, for a total transaction of $307,445.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Francis Wlodarczyk sold 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $206.33, for a total value of $845,953.00. Following the sale, the senior vice president now directly owns 10,876 shares in the company, valued at approximately $2,244,045.08. The disclosure for this sale can be found here. Insiders have sold 32,181 shares of company stock worth $6,851,010 in the last 90 days. Company insiders own 0.77% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its stake in Rockwell Automation by 10.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 48 shares during the period. Tiedemann Advisors LLC increased its position in shares of Rockwell Automation by 0.9% during the first quarter. Tiedemann Advisors LLC now owns 6,575 shares of the industrial products company’s stock worth $992,000 after acquiring an additional 57 shares during the period. HighPoint Advisor Group LLC increased its position in shares of Rockwell Automation by 2.3% during the first quarter. HighPoint Advisor Group LLC now owns 2,654 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 59 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of Rockwell Automation by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 19,456 shares of the industrial products company’s stock worth $2,936,000 after acquiring an additional 67 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in shares of Rockwell Automation by 2.5% during the first quarter. Wetherby Asset Management Inc. now owns 2,817 shares of the industrial products company’s stock worth $425,000 after acquiring an additional 68 shares during the period. 77.35% of the stock is currently owned by institutional investors.

Rockwell Automation Company Profile

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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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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