Rockwell Automation (NYSE:ROK) PT Lowered to $260.00 at Barclays

Rockwell Automation (NYSE:ROK) had its target price reduced by investment analysts at Barclays from $265.00 to $260.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the industrial products company’s stock. Barclays‘s price target would suggest a potential downside of 4.91% from the stock’s previous close.

Several other research firms have also recently commented on ROK. Oppenheimer lowered their target price on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Robert W. Baird decreased their price target on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their price target on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup reduced their price target on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $308.36.

Rockwell Automation Stock Up 0.5 %

Shares of NYSE ROK traded up $1.39 during midday trading on Wednesday, hitting $273.43. 1,063,943 shares of the company’s stock were exchanged, compared to its average volume of 1,019,818. The company has a market cap of $31.33 billion, a PE ratio of 25.97, a P/E/G ratio of 2.77 and a beta of 1.43. Rockwell Automation has a twelve month low of $252.11 and a twelve month high of $348.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. The firm’s fifty day simple moving average is $281.90 and its 200-day simple moving average is $283.11.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the firm posted $3.01 EPS. The company’s revenue was down 6.6% on a year-over-year basis. Research analysts predict that Rockwell Automation will post 11.98 EPS for the current fiscal year.

Insider Activity

In related news, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $280.52, for a total transaction of $140,260.00. Following the sale, the vice president now owns 4,383 shares in the company, valued at $1,229,519.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $280.52, for a total value of $140,260.00. Following the sale, the vice president now directly owns 4,383 shares of the company’s stock, valued at approximately $1,229,519.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Rebecca W. House sold 13,900 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the transaction, the senior vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $2,400,575.64. The disclosure for this sale can be found here. Insiders sold a total of 17,240 shares of company stock valued at $4,891,324 over the last 90 days. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Rockwell Automation

A number of hedge funds have recently made changes to their positions in ROK. OFI Invest Asset Management acquired a new position in Rockwell Automation in the third quarter valued at $26,000. Provence Wealth Management Group purchased a new position in shares of Rockwell Automation in the 3rd quarter worth about $27,000. Bruce G. Allen Investments LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at about $27,000. Riverview Trust Co purchased a new stake in shares of Rockwell Automation during the 1st quarter worth about $28,000. Finally, Bfsg LLC acquired a new stake in Rockwell Automation during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

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.