Rockwell Automation, Inc. (NYSE:ROK) Receives Average Rating of "Hold" from Analysts

Shares of Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) have earned a consensus rating of "Hold" from the nineteen ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $297.11.

A number of analysts have recently issued reports on ROK shares. Citigroup dropped their price objective on shares of Rockwell Automation from $350.00 to $283.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. cut their price objective on shares of Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group raised their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Oppenheimer boosted their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, Loop Capital lifted their price objective on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th.

Insider Activity

In related news, VP Terry L. Riesterer sold 850 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the sale, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. This trade represents a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Isaac Woods sold 876 shares of Rockwell Automation stock in a transaction on Friday, February 28th. The shares were sold at an average price of $284.03, for a total value of $248,810.28. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at $300,219.71. The trade was a 45.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,750 shares of company stock valued at $1,075,923. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Rockwell Automation

A number of institutional investors have recently made changes to their positions in ROK. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Rockwell Automation by 0.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock worth $1,079,000 after acquiring an additional 33 shares during the period. Whittier Trust Co. grew its stake in shares of Rockwell Automation by 1.9% in the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock valued at $542,000 after buying an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Rockwell Automation by 0.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after purchasing an additional 38 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock valued at $386,000 after acquiring an additional 39 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. raised its position in shares of Rockwell Automation by 3.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 40 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $247.63 on Wednesday. The company's fifty day simple moving average is $254.98 and its 200-day simple moving average is $274.09. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation has a 52 week low of $215.00 and a 52 week high of $308.70. The company has a market cap of $28.00 billion, a PE ratio of 30.84, a P/E/G ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. As a group, equities research analysts anticipate that Rockwell Automation will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 2.12%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.26%.

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.

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