JPMorgan Chase & Co. Has Lowered Expectations for Rockwell Automation (NYSE:ROK) Stock Price

Rockwell Automation (NYSE:ROK - Get Free Report) had its price objective cut by JPMorgan Chase & Co. from $248.00 to $201.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price target suggests a potential downside of 12.23% from the company's previous close.

A number of other research firms have also weighed in on ROK. Barclays dropped their price objective on shares of Rockwell Automation from $285.00 to $280.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Robert W. Baird boosted their price objective on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Loop Capital increased their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Jefferies Financial Group upgraded Rockwell Automation from a "hold" rating to a "buy" rating and raised their price objective for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, BNP Paribas lowered shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $300.63.

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Rockwell Automation Stock Down 0.5 %

Shares of NYSE ROK traded down $1.16 during trading on Tuesday, hitting $229.01. 1,536,472 shares of the company traded hands, compared to its average volume of 870,015. The firm has a market capitalization of $25.89 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 3.53 and a beta of 1.39. The business's fifty day moving average is $268.12 and its 200 day moving average is $276.64. 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 fifty-two week low of $215.00 and a fifty-two week high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced 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 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 fiscal year.

Insider Buying and Selling

In other news, VP Isaac Woods sold 876 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $284.03, for a total transaction of $248,810.28. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at $300,219.71. This represents a 45.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total transaction of $75,500.24. Following the transaction, the senior vice president now owns 1,922 shares of the company's stock, valued at $495,260.96. This trade represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,750 shares of company stock valued at $1,075,923. Company insiders own 0.68% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Rockwell Automation by 0.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock worth $1,079,000 after acquiring an additional 33 shares during the last quarter. Whittier Trust Co. increased its stake in Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock worth $542,000 after acquiring an additional 35 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after buying an additional 38 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of Rockwell Automation by 3.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock worth $386,000 after acquiring an additional 39 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. boosted its position in shares of Rockwell Automation by 3.8% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock valued at $309,000 after buying an additional 40 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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.