Rockwell Automation (NYSE:ROK) Price Target Cut to $275.00 by Analysts at KeyCorp

Rockwell Automation (NYSE:ROK - Free Report) had its target price lowered by KeyCorp from $345.00 to $275.00 in a report issued on Tuesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the industrial products company's stock.

Several other brokerages have also recently weighed in on ROK. Wells Fargo & Company lifted their price objective on Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Citigroup upped their price objective on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. HSBC raised shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 target price on the stock in a report on Wednesday, December 11th. Robert W. Baird increased their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Finally, Oppenheimer boosted their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $300.63.

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Rockwell Automation Stock Performance

ROK stock traded down $1.16 during midday trading on Tuesday, reaching $229.01. 1,536,472 shares of the company were exchanged, compared to its average volume of 870,015. Rockwell Automation has a one year low of $215.00 and a one year high of $308.70. The firm has a market capitalization of $25.89 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The business has a 50-day moving average price of $268.12 and a two-hundred day moving average price of $276.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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 forecast that Rockwell Automation will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is presently 65.26%.

Insiders Place Their Bets

In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the transaction, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Terry L. Riesterer sold 850 shares of the business's 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 completion of the sale, the vice president now directly owns 1,633 shares of the company's stock, valued at $490,242.93. The trade was a 34.23 % 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 ninety days. Company insiders own 0.68% of the company's stock.

Institutional Investors Weigh In On Rockwell Automation

Hedge funds and other institutional investors have recently bought and sold shares of the business. West Oak Capital LLC boosted its stake in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after acquiring an additional 82 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation during the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new position in Rockwell Automation during the fourth quarter worth about $35,000. Parvin Asset Management LLC purchased a new position in Rockwell Automation in the 4th quarter valued at about $36,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Rockwell Automation during the fourth quarter worth approximately $38,000. 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.