Rockwell Automation (NYSE:ROK) PT Lowered to $316.00 at Citigroup

Rockwell Automation (NYSE:ROK) had its target price lowered by analysts at Citigroup from $322.00 to $316.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Citigroup’s price objective suggests a potential upside of 15.50% from the stock’s previous close.

Several other equities analysts have also commented on ROK. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a report on Thursday, March 21st. Oppenheimer decreased their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Wells Fargo & Company dropped their target price on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a report on Wednesday. Robert W. Baird reduced their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Barclays dropped their target price on Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $307.93.

Rockwell Automation Trading Up 0.6 %

Shares of Rockwell Automation stock traded up $1.55 during mid-day trading on Wednesday, hitting $273.59. 1,351,799 shares of the stock were exchanged, compared to its average volume of 1,021,665. The company has a 50-day simple moving average of $281.90 and a 200 day simple moving average of $283.11. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $31.35 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth 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.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the business earned $3.01 EPS. Rockwell Automation’s quarterly revenue was down 6.6% compared to the same quarter last year. Research analysts forecast that Rockwell Automation will post 11.98 EPS for the current year.

Insiders Place Their Bets

In related news, VP Isaac Woods sold 150 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $287.59, for a total value of $43,138.50. Following the completion of the transaction, the vice president now directly owns 1,199 shares of the company’s stock, valued at $344,820.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Isaac Woods sold 150 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $287.59, for a total value of $43,138.50. Following the sale, the vice president now owns 1,199 shares of the company’s stock, valued at $344,820.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the transaction, the vice president now owns 2,383 shares of the company’s stock, valued at approximately $691,070. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,240 shares of company stock worth $4,891,324. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. boosted its position in Rockwell Automation by 11.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 36,383 shares of the industrial products company’s stock valued at $10,401,000 after buying an additional 3,846 shares in the last quarter. Brighton Jones LLC bought a new stake in Rockwell Automation during the 3rd quarter worth approximately $213,000. IFM Investors Pty Ltd increased its holdings in Rockwell Automation by 5.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 22,552 shares of the industrial products company’s stock valued at $6,447,000 after purchasing an additional 1,138 shares in the last quarter. Park Avenue Securities LLC bought a new position in Rockwell Automation in the 3rd quarter valued at $493,000. Finally, CENTRAL TRUST Co boosted its stake in Rockwell Automation by 74.0% in the third quarter. CENTRAL TRUST Co now owns 1,413 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 601 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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.