Shares of Rockwell Automation (NYSE:ROK) have been given a consensus recommendation of “Hold” by the nineteen analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $185.92.

ROK has been the subject of several research analyst reports. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research note on Wednesday, July 18th. Barclays reduced their target price on Rockwell Automation from $190.00 to $173.00 and set an “equal weight” rating for the company in a research note on Thursday, April 26th. ValuEngine downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Goldman Sachs Group downgraded Rockwell Automation from a “neutral” rating to a “sell” rating and set a $156.00 target price for the company. in a research note on Monday, July 16th. Finally, UBS Group reduced their target price on Rockwell Automation from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, April 26th.

Shares of Rockwell Automation traded down $0.01, hitting $184.06, during trading on Friday, MarketBeat Ratings reports. 1,013,878 shares of the company were exchanged, compared to its average volume of 1,047,349. The company has a quick ratio of 1.79, a current ratio of 4.99 and a debt-to-equity ratio of 0.85. Rockwell Automation has a fifty-two week low of $155.81 and a fifty-two week high of $210.72. The firm has a market capitalization of $23.04 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 25th. The industrial products company reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.12. Rockwell Automation had a return on equity of 48.24% and a net margin of 5.97%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the company posted $1.76 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts anticipate that Rockwell Automation will post 7.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Monday, August 13th will be paid a $0.92 dividend. The ex-dividend date is Friday, August 10th. This represents a $3.68 annualized dividend and a yield of 2.00%. Rockwell Automation’s dividend payout ratio (DPR) is presently 54.44%.

In related news, SVP Sujeet Chand sold 4,900 shares of the business’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $182.46, for a total value of $894,054.00. Following the completion of the sale, the senior vice president now directly owns 49,327 shares in the company, valued at approximately $9,000,204.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.65% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROK. American Century Companies Inc. boosted its stake in Rockwell Automation by 2,454.0% in the 1st quarter. American Century Companies Inc. now owns 395,133 shares of the industrial products company’s stock valued at $68,832,000 after purchasing an additional 379,662 shares during the period. Summit Trail Advisors LLC boosted its stake in Rockwell Automation by 17,669.8% in the 1st quarter. Summit Trail Advisors LLC now owns 345,622 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 343,677 shares during the period. UBS Group AG boosted its stake in Rockwell Automation by 4.6% in the 1st quarter. UBS Group AG now owns 5,120,696 shares of the industrial products company’s stock valued at $892,025,000 after purchasing an additional 227,226 shares during the period. Cambiar Investors LLC bought a new stake in Rockwell Automation in the 2nd quarter valued at $35,385,000. Finally, Westfield Capital Management Co. LP bought a new stake in Rockwell Automation in the 1st quarter valued at $30,106,000. Institutional investors and hedge funds own 72.91% of the company’s stock.

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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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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