Rockwell Automation (NYSE:ROK) Price Target Lowered to $322.00 at Citigroup

Rockwell Automation (NYSE:ROK - Get Free Report) had its price objective lowered by Citigroup from $330.00 to $322.00 in a research report issued on Monday, Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. Citigroup's target price would suggest a potential upside of 14.16% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Berenberg Bank reissued a "hold" rating and set a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a research report 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. Barclays dropped their price objective on shares of Rockwell Automation from $269.00 to $265.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 2nd. 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. Finally, 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $307.43.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock traded up $2.81 during midday trading on Monday, hitting $282.05. The company had a trading volume of 682,852 shares, compared to its average volume of 1,036,753. Rockwell Automation has a 12-month low of $252.11 and a 12-month high of $348.52. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.79 and a beta of 1.43. The company has a fifty day simple moving average of $281.21 and a 200 day simple moving average of $284.33.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same period in the prior year, the business posted $2.46 earnings per share. As a group, analysts predict that Rockwell Automation will post 12.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction 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 sale, the vice president now owns 5,088 shares of the company's stock, valued at approximately $1,337,482.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Blake D. Moret purchased 3,500 shares of Rockwell Automation stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $283.64 per share, for a total transaction of $992,740.00. Following the acquisition, the chief executive officer now directly owns 77,215 shares in the company, valued at $21,901,262.60. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the transaction, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. Insiders have sold a total of 17,877 shares of company stock valued at $5,058,772 in the last 90 days. 0.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. OFI Invest Asset Management purchased a new position in shares of Rockwell Automation during the 3rd quarter worth $26,000. Provence Wealth Management Group purchased a new position in shares of Rockwell Automation during the 3rd quarter worth $27,000. Bruce G. Allen Investments LLC purchased a new position in shares of Rockwell Automation during the 4th quarter worth $27,000. BluePath Capital Management LLC purchased a new position in shares of Rockwell Automation during the 3rd quarter worth $29,000. Finally, Neo Ivy Capital Management purchased a new stake in Rockwell Automation in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

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.