Analysts Set Rockwell Automation, Inc. (NYSE:ROK) Price Target at $307.93

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) has received a consensus rating of "Hold" from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $307.93.

Several equities research analysts recently issued reports on the company. Oppenheimer cut their price target on Rockwell Automation from $324.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 1st. Mizuho reduced their target price on Rockwell Automation from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Wednesday, May 8th. Loop Capital decreased their price target on Rockwell Automation from $300.00 to $290.00 and set a "hold" rating on the stock in a research report on Tuesday. Wells Fargo & Company cut their price objective on shares of Rockwell Automation from $320.00 to $312.00 and set an "overweight" rating for the company in a research report on Wednesday, May 8th. Finally, Robert W. Baird decreased their target price on shares of Rockwell Automation from $310.00 to $304.00 and set an "outperform" rating on the stock in a report on Wednesday, May 8th.

Insider Transactions at Rockwell Automation

In related news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $280.52, for a total transaction of $140,260.00. Following the sale, the vice president now directly owns 4,383 shares in the company, valued at approximately $1,229,519.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $280.52, for a total transaction of $140,260.00. Following the transaction, the vice president now directly owns 4,383 shares of the company's stock, valued at approximately $1,229,519.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isaac Woods sold 150 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $287.59, for a total value of $43,138.50. Following the transaction, the vice president now owns 1,199 shares of the company's stock, valued at $344,820.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,039 shares of company stock worth $4,835,547. Insiders own 0.68% of the company's stock.

Hedge Funds Weigh In On Rockwell Automation

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Rockwell Automation by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 14,048,986 shares of the industrial products company's stock worth $4,092,891,000 after acquiring an additional 438,356 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Rockwell Automation by 951.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,532,949 shares of the industrial products company's stock valued at $1,611,915,000 after buying an additional 5,006,706 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Rockwell Automation by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,752,223 shares of the industrial products company's stock worth $786,778,000 after buying an additional 70,272 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Rockwell Automation by 9.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,908,119 shares of the industrial products company's stock worth $545,474,000 after buying an additional 172,577 shares during the period. Finally, UBS Group AG increased its stake in shares of Rockwell Automation by 0.3% in the 3rd quarter. UBS Group AG now owns 1,518,807 shares of the industrial products company's stock valued at $434,181,000 after acquiring an additional 3,845 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Stock Performance

NYSE ROK traded up $4.39 on Wednesday, reaching $275.23. The stock had a trading volume of 810,696 shares, compared to its average volume of 1,026,077. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74. The company has a market cap of $31.38 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 3.87 and a beta of 1.43. The firm has a fifty day moving average of $280.32 and a two-hundred day moving average of $283.37. Rockwell Automation has a 1-year low of $252.11 and a 1-year high of $348.52.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the company posted $3.01 earnings per share. Rockwell Automation's revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Rockwell Automation will post 10.1 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a yield of 1.82%. Rockwell Automation's dividend payout ratio is presently 48.88%.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.