Barclays Cuts Rockwell Automation (NYSE:ROK) Price Target to $265.00

Rockwell Automation (NYSE:ROK - Get Free Report) had its target price dropped by equities research analysts at Barclays from $269.00 to $265.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an "underweight" rating on the industrial products company's stock. Barclays's target price indicates a potential downside of 5.42% from the stock's previous close.

Several other research firms have also commented on ROK. Berenberg Bank reissued a "hold" rating and set a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Mizuho dropped their price objective on shares of Rockwell Automation from $300.00 to $265.00 and set a "neutral" rating on the stock in a research note on Thursday, February 1st. Oppenheimer dropped their price objective on shares of Rockwell Automation from $324.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 1st. Citigroup dropped their price objective on shares of Rockwell Automation from $351.00 to $330.00 and set a "buy" rating on the stock in a research note on Thursday, February 1st. Finally, Wells Fargo & Company dropped their price objective on shares of Rockwell Automation from $357.00 to $320.00 and set an "overweight" rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $308.00.

Rockwell Automation Trading Down 1.1 %

Shares of ROK traded down $3.17 during trading hours on Tuesday, reaching $280.20. 942,416 shares of the company traded hands, compared to its average volume of 1,050,551. The company's fifty day moving average price is $283.58 and its two-hundred day moving average price is $284.53. The company has a market capitalization of $32.11 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.73 and a beta of 1.43. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. Rockwell Automation has a 12 month low of $252.11 and a 12 month high of $348.52.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period in the previous year, the firm posted $2.46 EPS. Equities research analysts predict that Rockwell Automation will post 12.29 earnings per share for the current fiscal year.

Insider Activity

In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares of the company's stock, valued at $1,337,482.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares of the company's stock, valued at $1,337,482.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Isaac Woods sold 150 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $287.59, for a total transaction of $43,138.50. Following the sale, the vice president now directly owns 1,199 shares of the company's stock, valued at $344,820.41. The disclosure for this sale can be found here. Insiders sold 17,877 shares of company stock valued at $5,058,772 over the last three months. Insiders own 0.68% of the company's stock.

Hedge Funds Weigh In On Rockwell Automation

Hedge funds have recently modified their holdings of the company. KLCM Advisors Inc. boosted its position in shares of Rockwell Automation by 16.6% in the third quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company's stock worth $325,000 after purchasing an additional 162 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Rockwell Automation by 9.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company's stock worth $780,000 after purchasing an additional 234 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of Rockwell Automation by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company's stock worth $3,266,000 after purchasing an additional 97 shares during the period. McGuire Investment Group LLC boosted its position in shares of Rockwell Automation by 106.4% in the fourth quarter. McGuire Investment Group LLC now owns 16,455 shares of the industrial products company's stock worth $5,109,000 after purchasing an additional 8,484 shares during the period. Finally, Scotia Capital Inc. boosted its position in shares of Rockwell Automation by 141.4% in the third quarter. Scotia Capital Inc. now owns 21,120 shares of the industrial products company's stock worth $6,038,000 after purchasing an additional 12,371 shares during the period. 75.75% of the stock is currently owned by institutional investors.

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.