Rockwell Automation (NYSE:ROK) PT Lowered to $181.00

Rockwell Automation (NYSE:ROK) had its price objective lowered by Citigroup from $184.00 to $181.00 in a research note released on Tuesday, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the industrial products company’s stock.

ROK has been the subject of a number of other reports. UBS Group raised their price objective on Fortis from C$54.00 to C$55.00 in a research report on Wednesday, March 20th. Zacks Investment Research lowered Great Portland Estates from a hold rating to a sell rating in a research report on Tuesday, April 16th. Morgan Stanley set a $18.00 price objective on PG&E and gave the stock a hold rating in a research report on Friday, June 14th. Deutsche Bank raised their price objective on Rockwell Automation from $173.00 to $186.00 and gave the stock a hold rating in a research report on Friday, April 26th. Finally, Gabelli upgraded Rockwell Automation from a hold rating to a buy rating and set a $160.00 price objective for the company in a research report on Wednesday, May 29th. Six investment 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’s stock. Rockwell Automation currently has a consensus rating of Hold and an average target price of $172.87.

NYSE:ROK opened at $160.36 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.59 and a quick ratio of 1.23. Rockwell Automation has a 1-year low of $141.46 and a 1-year high of $198.23. The firm has a market cap of $18.18 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.43. The company has a fifty day moving average of $157.98.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $2.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.11 by ($0.07). Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business earned $1.89 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts anticipate that Rockwell Automation will post 8.86 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, August 9th. This represents a $3.88 annualized dividend and a dividend yield of 2.42%. Rockwell Automation’s dividend payout ratio is 47.84%.

In related news, insider Blake D. Moret sold 297 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $161.53, for a total value of $47,974.41. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Laszkiewicz sold 263 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $159.38, for a total value of $41,916.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 613 shares of company stock valued at $99,284. 1.43% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Zions Bancorporation N.A. bought a new position in Rockwell Automation in the 1st quarter worth approximately $26,000. JOYN Advisors Inc. increased its position in Rockwell Automation by 104.4% in the 4th quarter. JOYN Advisors Inc. now owns 186 shares of the industrial products company’s stock worth $28,000 after buying an additional 95 shares during the period. TCG Advisors LP bought a new position in Rockwell Automation in the 1st quarter worth approximately $29,000. Thor Advisors LLC bought a new position in Rockwell Automation in the 1st quarter worth approximately $29,000. Finally, Valley National Advisers Inc. increased its position in Rockwell Automation by 3,500.0% in the 4th quarter. Valley National Advisers Inc. now owns 216 shares of the industrial products company’s stock worth $33,000 after buying an additional 210 shares during the period. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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