Barclays Issues Pessimistic Forecast for Rockwell Automation (NYSE:ROK) Stock Price

Rockwell Automation (NYSE:ROK - Get Free Report) had its price target cut by Barclays from $300.00 to $285.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the industrial products company's stock. Barclays's price target suggests a potential upside of 10.85% from the company's current price.

A number of other equities analysts also recently issued reports on ROK. Robert W. Baird increased their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. KeyCorp raised Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price objective for the company in a research note on Monday, December 9th. The Goldman Sachs Group raised their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a research note on Tuesday, February 11th. Citigroup raised their price objective on Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company raised their price objective on Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $307.68.

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Rockwell Automation Stock Performance

Shares of NYSE ROK traded down $4.88 during trading hours on Monday, reaching $257.10. The stock had a trading volume of 191,394 shares, compared to its average volume of 826,978. The firm has a 50-day moving average of $283.06 and a 200-day moving average of $278.81. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation has a fifty-two week low of $242.81 and a fifty-two week high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Equities research analysts predict that Rockwell Automation will post 9.35 earnings per share for the current year.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Isaac Woods sold 895 shares of the business's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now owns 1,198 shares of the company's stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rockwell Automation

Hedge funds and other institutional investors have recently made changes to their positions in the business. MCF Advisors LLC boosted its position in shares of Rockwell Automation by 95.8% during the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock worth $667,000 after buying an additional 1,141 shares during the period. Ameritas Advisory Services LLC boosted its position in shares of Rockwell Automation by 99.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock worth $1,482,000 after buying an additional 2,582 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Rockwell Automation during the third quarter worth approximately $912,000. Nomura Asset Management Co. Ltd. raised its holdings in Rockwell Automation by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company's stock worth $9,184,000 after purchasing an additional 1,928 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Rockwell Automation by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company's stock worth $132,554,000 after purchasing an additional 25,882 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

About Rockwell Automation

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.