Rockwell Automation (NYSE:ROK) Stock Rating Lowered by BNP Paribas

Rockwell Automation (NYSE:ROK - Get Free Report) was downgraded by analysts at BNP Paribas from a "strong-buy" rating to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Robert W. Baird raised their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded Rockwell Automation from a "hold" rating to a "buy" rating and boosted their price target for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Bank of America increased their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Rockwell Automation from $245.00 to $240.00 and set an "underweight" rating on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $308.05.

Rockwell Automation Stock Down 1.3 %

Shares of NYSE:ROK traded down $3.85 during trading on Tuesday, reaching $294.81. The stock had a trading volume of 881,936 shares, compared to its average volume of 717,689. The firm's 50-day simple moving average is $286.25 and its 200 day simple moving average is $275.95. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. Rockwell Automation has a one year low of $242.81 and a one year high of $308.70. The company has a market capitalization of $33.32 billion, a P/E ratio of 35.61, a PEG ratio of 2.89 and a beta of 1.35.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. As a group, research analysts expect that Rockwell Automation will post 9.32 EPS for the current fiscal year.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 279 shares of the business's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $296.13, for a total transaction of $82,620.27. Following the transaction, the vice president now owns 2,891 shares of the company's stock, valued at approximately $856,111.83. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Terry L. Riesterer sold 850 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now directly owns 1,633 shares of the company's stock, valued at $490,242.93. This trade represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,240 shares of company stock valued at $10,800,555 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ROK. Ritholtz Wealth Management acquired a new stake in shares of Rockwell Automation during the 3rd quarter worth approximately $214,000. Creative Planning increased its stake in Rockwell Automation by 3.2% during the third quarter. Creative Planning now owns 25,927 shares of the industrial products company's stock worth $6,960,000 after acquiring an additional 807 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Rockwell Automation by 3.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,382 shares of the industrial products company's stock valued at $9,499,000 after purchasing an additional 1,033 shares during the period. DiNuzzo Private Wealth Inc. lifted its stake in shares of Rockwell Automation by 1,707.7% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 235 shares of the industrial products company's stock valued at $63,000 after purchasing an additional 222 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Rockwell Automation by 17.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,637 shares of the industrial products company's stock worth $976,000 after purchasing an additional 550 shares during the period. 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.