BNP Paribas upgraded shares of Rockwell Automation (NYSE:ROK - Free Report) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.
A number of other equities research analysts have also weighed in on ROK. Loop Capital lifted their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a 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 stock from $290.00 to $350.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on Rockwell Automation from $248.00 to $201.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. HSBC raised Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price target on the stock in a research report on Wednesday, December 11th. Finally, KeyCorp lowered their price objective on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Rockwell Automation presently has a consensus rating of "Hold" and an average price target of $297.11.
Get Our Latest Stock Report on ROK
Rockwell Automation Price Performance
Rockwell Automation stock traded down $0.45 during mid-day trading on Wednesday, reaching $232.97. 810,585 shares of the company's stock traded hands, compared to its average volume of 939,924. Rockwell Automation has a 12-month low of $215.00 and a 12-month high of $308.70. The company has a market cap of $26.34 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.53 and a beta of 1.39. The stock has a 50 day moving average of $267.39 and a two-hundred day moving average of $276.41. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.
Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 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 analysts forecast that Rockwell Automation will post 9.35 earnings per share for the current year.
Rockwell Automation Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 2.25%. 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 Rockwell Automation news, VP Isaac Woods sold 876 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at $300,219.71. This represents a 45.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the transaction, the senior vice president now directly owns 1,922 shares in the company, valued at $495,260.96. The trade was a 13.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings 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 valued at $3,965,774,000 after acquiring an additional 81,079 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Rockwell Automation by 6.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock valued at $2,033,476,000 after purchasing an additional 432,934 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Rockwell Automation by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company's stock worth $779,426,000 after purchasing an additional 51,228 shares in the last quarter. Amundi lifted 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 valued at $580,095,000 after acquiring an additional 430,498 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Rockwell Automation by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company's stock valued at $448,701,000 after purchasing an additional 13,744 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.
About Rockwell Automation
(
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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.
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