Robert W. Baird Boosts Rockwell Automation (NYSE:ROK) Price Target to $315.00

Rockwell Automation (NYSE:ROK - Free Report) had its price target increased by Robert W. Baird from $305.00 to $315.00 in a research note released on Tuesday,Benzinga reports. They currently have an outperform rating on the industrial products company's stock.

Several other brokerages also recently weighed in on ROK. Mizuho boosted their price objective on shares of Rockwell Automation from $245.00 to $270.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. HSBC upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price objective for the company in a research report on Wednesday, December 11th. Oppenheimer boosted their price objective on shares of Rockwell Automation from $288.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Jefferies Financial Group upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and upped their price target for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Finally, KeyCorp upgraded shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 price target for the company in a research note on Monday, December 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Rockwell Automation currently has an average rating of "Hold" and a consensus target price of $308.05.

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Rockwell Automation Stock Down 1.5 %

Rockwell Automation stock traded down $4.35 during trading on Tuesday, reaching $294.31. The stock had a trading volume of 573,453 shares, compared to its average volume of 847,283. Rockwell Automation has a 52-week low of $242.81 and a 52-week high of $308.70. The business has a 50 day moving average price of $286.26 and a 200 day moving average price of $275.81. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The stock has a market cap of $33.27 billion, a PE ratio of 35.49, a P/E/G ratio of 2.89 and a beta of 1.35.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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%. On average, analysts predict that Rockwell Automation will post 9.32 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.78%. Rockwell Automation's payout ratio is currently 63.29%.

Insiders Place Their Bets

In other news, CEO Blake D. Moret sold 26,700 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the transaction, the chief executive officer now owns 78,115 shares in the company, valued at $23,327,482.45. This trade represents a 25.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 278 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the transaction, the vice president now owns 3,184 shares of the company's stock, valued at $961,695.36. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Rockwell Automation

A number of large investors have recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock valued at $1,079,000 after acquiring an additional 33 shares in the last quarter. Whittier Trust Co. increased its holdings in Rockwell Automation by 1.9% during the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock valued at $542,000 after acquiring an additional 35 shares in the last quarter. Prospera Financial Services Inc increased its holdings in Rockwell Automation by 0.9% during the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company's stock valued at $1,083,000 after acquiring an additional 37 shares in the last quarter. Bank Pictet & Cie Europe AG increased 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 acquiring an additional 38 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock valued at $386,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors 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.