Rockwell Automation (NYSE:ROK)‘s stock had its “neutral” rating reaffirmed by investment analysts at Goldman Sachs Group in a note issued to investors on Friday, December 8th, MarketBeat Ratings reports. They currently have a $193.00 price target on the industrial products company’s stock. Goldman Sachs Group’s price target would suggest a potential downside of 2.36% from the stock’s current price.
ROK has been the topic of several other research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $173.00 price target (up previously from $168.00) on shares of Rockwell Automation in a research report on Monday, October 2nd. Citigroup lifted their price target on shares of Rockwell Automation from $187.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Cowen reiterated a “hold” rating and issued a $140.00 target price on shares of Rockwell Automation in a report on Sunday, September 17th. Finally, downgraded shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $169.81.
Shares of Rockwell Automation (ROK) traded up $1.31 during trading on Friday, reaching $197.66. 613,370 shares of the company were exchanged, compared to its average volume of 550,100. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.80. Rockwell Automation has a 1 year low of $135.18 and a 1 year high of $210.72. The stock has a market cap of $25,400.00, a price-to-earnings ratio of 31.13, a PEG ratio of 2.20 and a beta of 1.23.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.03). The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.52 earnings per share. equities analysts anticipate that Rockwell Automation will post 7.39 EPS for the current fiscal year.
In other news, VP Steven W. Etzel sold 514 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $190.75, for a total value of $98,045.50. Following the completion of the sale, the vice president now directly owns 7,737 shares of the company’s stock, valued at $1,475,832.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Blake D. Moret sold 5,309 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $1,012,691.75. Following the completion of the sale, the chief executive officer now directly owns 30,720 shares of the company’s stock, valued at $5,859,840. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,770 shares of company stock valued at $2,054,871. 1.28% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of ROK. Acrospire Investment Management LLC grew its position in Rockwell Automation by 166.3% during the second quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares during the period. Valeo Financial Advisors LLC acquired a new position in Rockwell Automation during the third quarter worth about $131,000. Rockefeller Financial Services Inc. acquired a new position in Rockwell Automation during the third quarter worth about $143,000. Sun Life Financial INC grew its position in Rockwell Automation by 8,490.9% during the second quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after buying an additional 934 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Rockwell Automation during the third quarter worth about $186,000. Institutional investors and hedge funds own 72.84% of the company’s stock.
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.
Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.