Rockwell Automation (NYSE:ROK) had its target price lifted by equities researchers at Oppenheimer from $280.00 to $286.00 in a report issued on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Oppenheimer's price objective would suggest a potential upside of 6.12% from the company's previous close.
ROK has been the topic of a number of other research reports. Morgan Stanley lifted their price target on shares of Rockwell Automation from $300.00 to $313.00 and gave the stock an "overweight" rating in a report on Thursday. Vertical Research raised shares of Rockwell Automation from a "sell" rating to a "hold" rating in a report on Monday, January 4th. Credit Suisse Group raised their price target on Rockwell Automation from $248.00 to $265.00 and gave the stock a "neutral" rating in a report on Thursday. Barclays increased their price objective on Rockwell Automation from $265.00 to $269.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Rockwell Automation from $242.00 to $268.00 and gave the company a "hold" rating in a report on Monday, April 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of "Hold" and an average target price of $257.93.
ROK stock traded up $3.25 during mid-day trading on Thursday, reaching $269.50. The company's stock had a trading volume of 1,423 shares, compared to its average volume of 698,686. The company has a market cap of $31.30 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 3.26 and a beta of 1.37. Rockwell Automation has a 12 month low of $177.80 and a 12 month high of $275.43. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 1.47. The business's 50 day moving average price is $264.62 and its 200 day moving average price is $252.79.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $2.41 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.15 by $0.26. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.73 billion. Rockwell Automation had a net margin of 16.17% and a return on equity of 81.39%. The business's revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.43 earnings per share. As a group, equities analysts expect that Rockwell Automation will post 8.65 EPS for the current fiscal year.
In other news, SVP Frank C. Kulaszewicz sold 100 shares of the company's stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $255.14, for a total transaction of $25,514.00. Following the completion of the transaction, the senior vice president now directly owns 19,462 shares of the company's stock, valued at $4,965,534.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 3,900 shares of the firm's stock in a transaction dated Friday, January 29th. The stock was sold at an average price of $255.06, for a total value of $994,734.00. Following the completion of the sale, the senior vice president now directly owns 23,917 shares in the company, valued at $6,100,270.02. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock worth $1,342,726 over the last ninety days. Insiders own 0.79% of the company's stock.
Several hedge funds have recently modified their holdings of ROK. IronBridge Private Wealth LLC purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $27,000. BDO Wealth Advisors LLC increased its position in Rockwell Automation by 177.8% during the 4th quarter. BDO Wealth Advisors LLC now owns 125 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 80 shares during the period. Pinnacle Bancorp Inc. raised its holdings in Rockwell Automation by 191.1% in the 1st quarter. Pinnacle Bancorp Inc. now owns 131 shares of the industrial products company's stock worth $35,000 after purchasing an additional 86 shares in the last quarter. Hexavest Inc. lifted its position in shares of Rockwell Automation by 45.4% in the 4th quarter. Hexavest Inc. now owns 173 shares of the industrial products company's stock worth $43,000 after purchasing an additional 54 shares during the period. Finally, RMR Wealth Builders bought a new stake in shares of Rockwell Automation during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 76.21% of the company's stock.
About Rockwell Automation
Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.
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