Shares of Rockwell Automation (NYSE:ROK) have been given an average recommendation of “Hold” by the twenty-two ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $189.44.
A number of equities research analysts have weighed in on the company. Oppenheimer raised their target price on Rockwell Automation from $182.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Gabelli downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Citigroup raised their target price on Rockwell Automation from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Tuesday, May 26th. Finally, Credit Suisse Group increased their price target on Rockwell Automation from $163.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th.
NYSE:ROK traded down $2.93 during trading hours on Friday, reaching $205.27. 915,806 shares of the company were exchanged, compared to its average volume of 1,016,520. The company has a market capitalization of $24.11 billion, a P/E ratio of 33.87, a P/E/G ratio of 5.34 and a beta of 1.49. Rockwell Automation has a 1-year low of $115.38 and a 1-year high of $230.71. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.57 and a quick ratio of 1.21. The business has a 50 day moving average of $207.98 and a 200 day moving average of $190.92.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, August 14th. Rockwell Automation’s dividend payout ratio is currently 47.06%.
In other news, VP Steven W. Etzel sold 1,200 shares of Rockwell Automation stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $205.50, for a total value of $246,600.00. Following the completion of the transaction, the vice president now directly owns 10,123 shares of the company’s stock, valued at approximately $2,080,276.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James Phillip Holloman sold 1,582 shares of Rockwell Automation stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $194.34, for a total value of $307,445.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,036 shares of company stock valued at $5,292,882. 0.77% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Rockwell Automation by 5.5% in the 1st quarter. BlackRock Inc. now owns 9,486,884 shares of the industrial products company’s stock worth $1,431,668,000 after acquiring an additional 495,939 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Rockwell Automation by 30.4% in the 1st quarter. JPMorgan Chase & Co. now owns 2,220,020 shares of the industrial products company’s stock valued at $335,024,000 after buying an additional 516,986 shares during the period. Geode Capital Management LLC grew its stake in shares of Rockwell Automation by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 2,154,296 shares of the industrial products company’s stock valued at $324,865,000 after buying an additional 73,193 shares during the period. Wellington Management Group LLP grew its stake in shares of Rockwell Automation by 169.2% in the 1st quarter. Wellington Management Group LLP now owns 2,078,665 shares of the industrial products company’s stock valued at $313,692,000 after buying an additional 1,306,643 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Rockwell Automation by 150.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,412,528 shares of the industrial products company’s stock valued at $213,165,000 after buying an additional 848,273 shares during the period. 77.35% of the stock is owned by hedge funds and other institutional investors.
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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