Rockwell Automation, Inc. (NYSE:ROK) Receives $307.42 Consensus Target Price from Brokerages

Shares of Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) have received a consensus recommendation of "Hold" from the nineteen research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $300.63.

Several brokerages have recently weighed in on ROK. Barclays decreased their target price on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a research report on Thursday. Stephens raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Oppenheimer raised their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. KeyCorp dropped their target price on Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Robert W. Baird increased their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th.

Rockwell Automation Trading Down 0.5 %

ROK traded down $1.16 on Friday, reaching $229.01. 1,536,472 shares of the company's stock were exchanged, compared to its average volume of 870,015. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation has a twelve month low of $215.00 and a twelve month high of $308.70. The company's 50 day moving average is $268.12 and its 200-day moving average is $276.64.

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

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.26%.

Insiders Place Their Bets

In related news, VP Terry L. Riesterer sold 850 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the sale, the vice president now owns 1,633 shares of the company's stock, valued at $490,242.93. This trade represents a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,750 shares of company stock valued at $1,075,923 over the last three months. Company insiders own 0.68% of the company's stock.

Hedge Funds Weigh In On Rockwell Automation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROK. Vanguard Group Inc. grew its stake in shares of Rockwell Automation by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company's stock worth $3,965,774,000 after purchasing an additional 81,079 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock worth $2,033,476,000 after purchasing an additional 432,934 shares during the period. State Street Corp grew its position in Rockwell Automation by 0.3% in the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company's stock valued at $1,247,839,000 after buying an additional 11,949 shares in the last quarter. Geode Capital Management LLC increased its stake in Rockwell Automation by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company's stock valued at $779,426,000 after buying an additional 51,228 shares during the period. Finally, Amundi raised its position in shares of Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company's stock worth $580,095,000 after buying an additional 430,498 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

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.