Rockwell Automation, Inc. (NYSE:ROK) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) have received an average recommendation of "Moderate Buy" from the nineteen analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $317.79.

ROK has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Oppenheimer lifted their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. KeyCorp restated an "overweight" rating and issued a $360.00 price objective (up from $345.00) on shares of Rockwell Automation in a report on Friday, June 13th. TD Cowen upgraded shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price for the company in a report on Friday, May 9th. Finally, Citigroup upped their price target on Rockwell Automation from $327.00 to $371.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th.

Insider Buying and Selling at Rockwell Automation

In related news, VP Terry L. Riesterer sold 2,500 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the completion of the sale, the vice president now directly owns 1,033 shares of the company's stock, valued at $314,166.29. The trade was a 70.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tessa M. Myers sold 363 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $326.32, for a total value of $118,454.16. Following the transaction, the senior vice president now directly owns 4,063 shares in the company, valued at approximately $1,325,838.16. The trade was a 8.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,681 shares of company stock worth $2,382,987 over the last ninety days. Corporate insiders own 0.68% of the company's stock.

Institutional Trading of Rockwell Automation

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citizens National Bank Trust Department acquired a new stake in shares of Rockwell Automation in the first quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation in the 4th quarter valued at $34,000. Financial Gravity Asset Management Inc. purchased a new position in Rockwell Automation during the 1st quarter worth $31,000. SBI Securities Co. Ltd. purchased a new position in Rockwell Automation during the 4th quarter worth $35,000. Finally, IMA Advisory Services Inc. acquired a new position in Rockwell Automation in the first quarter valued at $32,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Up 0.3%

NYSE ROK opened at $321.45 on Thursday. The business's fifty day simple moving average is $284.74 and its 200-day simple moving average is $280.44. The company has a quick ratio of 0.72, a current ratio of 1.05 and a debt-to-equity ratio of 0.71. The firm has a market cap of $36.23 billion, a PE ratio of 40.48, a P/E/G ratio of 3.72 and a beta of 1.38. Rockwell Automation has a 52 week low of $215.00 and a 52 week high of $328.90.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.36. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.16%. Rockwell Automation's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.50 earnings per share. As a group, equities analysts anticipate that Rockwell Automation will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be paid a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.63%. Rockwell Automation's payout ratio is currently 65.99%.

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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