Rockwell Automation (NYSE:ROK) Earns Hold Rating from Berenberg Bank

Rockwell Automation (NYSE:ROKGet Free Report)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They currently have a $290.00 target price on the industrial products company’s stock, down from their prior target price of $330.00. Berenberg Bank’s price target suggests a potential upside of 0.57% from the stock’s previous close.

Several other research firms also recently issued reports on ROK. Wells Fargo & Company cut their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Oppenheimer dropped their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and upped their target price for the company from $305.00 to $360.00 in a report on Wednesday, January 3rd. Mizuho dropped their target price on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Finally, Citigroup dropped their target price on Rockwell Automation from $351.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $306.64.

View Our Latest Analysis on Rockwell Automation

Rockwell Automation Price Performance

Rockwell Automation stock traded up $0.69 during midday trading on Wednesday, hitting $288.37. The company’s stock had a trading volume of 70,027 shares, compared to its average volume of 1,075,375. 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’s 50-day moving average price is $290.75 and its 200-day moving average price is $286.66. Rockwell Automation has a 12 month low of $252.11 and a 12 month high of $348.52. The company has a market capitalization of $33.04 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 2.68 and a beta of 1.43.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same quarter in the previous year, the firm posted $2.46 EPS. Analysts anticipate that Rockwell Automation will post 12.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Robert L. Buttermore sold 223 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $279.71, for a total transaction of $62,375.33. Following the completion of the sale, the senior vice president now owns 1,945 shares of the company’s stock, valued at $544,035.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Nicholas C. Gangestad sold 1,989 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the sale, the chief financial officer now directly owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert L. Buttermore sold 223 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $279.71, for a total value of $62,375.33. Following the completion of the sale, the senior vice president now directly owns 1,945 shares of the company’s stock, valued at $544,035.95. The disclosure for this sale can be found here. Insiders sold 27,126 shares of company stock valued at $7,644,174 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fisher Asset Management LLC raised its stake in shares of Rockwell Automation by 4.2% in the fourth quarter. Fisher Asset Management LLC now owns 579,012 shares of the industrial products company’s stock valued at $179,772,000 after purchasing an additional 23,074 shares in the last quarter. American International Group Inc. raised its stake in Rockwell Automation by 1.0% during the fourth quarter. American International Group Inc. now owns 31,730 shares of the industrial products company’s stock worth $9,852,000 after acquiring an additional 308 shares in the last quarter. Syon Capital LLC raised its stake in Rockwell Automation by 24.1% during the fourth quarter. Syon Capital LLC now owns 923 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 179 shares in the last quarter. Kampmann Melissa S. raised its stake in Rockwell Automation by 1.1% during the fourth quarter. Kampmann Melissa S. now owns 12,207 shares of the industrial products company’s stock worth $3,790,000 after acquiring an additional 130 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Rockwell Automation by 32.4% during the fourth quarter. V Square Quantitative Management LLC now owns 2,090 shares of the industrial products company’s stock worth $649,000 after acquiring an additional 511 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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