Rockwell Automation, Inc. (NYSE:ROK) Receives $307.13 Consensus Target Price from Brokerages

Rockwell Automation, Inc. (NYSE:ROKGet Free Report) has received an average recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $307.13.

Several equities analysts have weighed in on ROK shares. Mizuho dropped their price objective on Rockwell Automation from $270.00 to $265.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Wells Fargo & Company raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $280.00 to $357.00 in a report on Tuesday, December 19th. UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $305.00 to $360.00 in a report on Wednesday, January 3rd. KeyCorp initiated coverage on Rockwell Automation in a report on Monday, October 2nd. They issued a “sector weight” rating for the company. Finally, Barclays decreased their price target on Rockwell Automation from $287.00 to $270.00 in a research note on Tuesday, October 10th.

Check Out Our Latest Report on Rockwell Automation

Insider Activity

In other news, CEO Blake D. Moret sold 1,143 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $278.73, for a total value of $318,588.39. Following the completion of the sale, the chief executive officer now owns 65,848 shares of the company’s stock, valued at $18,353,813.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Blake D. Moret sold 1,143 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $278.73, for a total value of $318,588.39. Following the completion of the sale, the chief executive officer now owns 65,848 shares of the company’s stock, valued at $18,353,813.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Terry L. Riesterer sold 176 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $279.72, for a total value of $49,230.72. Following the completion of the sale, the vice president now directly owns 2,209 shares of the company’s stock, valued at approximately $617,901.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,346 shares of company stock valued at $2,878,915. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Rockwell Automation

Institutional investors and hedge funds have recently made changes to their positions in the business. Bruce G. Allen Investments LLC bought a new stake in shares of Rockwell Automation during the 4th quarter valued at about $27,000. OFI Invest Asset Management bought a new stake in shares of Rockwell Automation during the 3rd quarter valued at about $26,000. Provence Wealth Management Group bought a new stake in shares of Rockwell Automation during the 3rd quarter valued at about $27,000. GPS Wealth Strategies Group LLC boosted its position in shares of Rockwell Automation by 62.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 101 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 39 shares in the last quarter. Finally, Delta Asset Management LLC TN bought a new stake in shares of Rockwell Automation during the 2nd quarter valued at about $34,000. Institutional investors own 80.84% of the company’s stock.

Rockwell Automation Stock Performance

NYSE:ROK opened at $295.38 on Thursday. The stock has a market cap of $33.87 billion, a P/E ratio of 24.70, a PEG ratio of 2.73 and a beta of 1.43. The stock has a 50 day simple moving average of $289.56 and a 200 day simple moving average of $295.89. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. Rockwell Automation has a 1-year low of $252.19 and a 1-year high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.15. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Rockwell Automation had a return on equity of 40.19% and a net margin of 15.32%. Research analysts anticipate that Rockwell Automation will post 12.82 earnings per share for the current year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Friday, November 10th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.18. Rockwell Automation’s dividend payout ratio is presently 41.81%.

About Rockwell Automation

(Get Free Report

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.

Further Reading

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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