Citigroup Reiterates “Neutral” Rating for Rockwell Automation (NYSE:ROK)

Citigroup reiterated their neutral rating on shares of Rockwell Automation (NYSE:ROK) in a report published on Wednesday. They currently have a $208.00 price target on the industrial products company’s stock, up from their prior price target of $174.00.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Co cut shares of Rockwell Automation from an outperform rating to a market perform rating and dropped their price objective for the stock from $185.00 to $165.00 in a research note on Monday, September 30th. Morgan Stanley dropped their price target on shares of Rockwell Automation from $145.00 to $142.00 and set an underweight rating for the company in a research note on Friday, October 11th. Credit Suisse Group raised shares of Rockwell Automation from an underperform rating to a neutral rating and lifted their price target for the stock from $161.00 to $191.00 in a research note on Wednesday. ValuEngine cut shares of Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday. Finally, Gabelli cut shares of Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $182.20.

NYSE ROK traded up $1.52 on Wednesday, reaching $200.27. The company had a trading volume of 730,921 shares, compared to its average volume of 1,036,177. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 4.84. The stock has a market capitalization of $22.96 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 2.80 and a beta of 1.41. The firm’s 50 day moving average price is $171.28 and its 200 day moving average price is $162.41. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $207.11.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, November 12th. The industrial products company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.09. Rockwell Automation had a net margin of 10.39% and a return on equity of 99.27%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company posted $2.11 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, research analysts expect that Rockwell Automation will post 8.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.04%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, November 8th. Rockwell Automation’s payout ratio is 47.06%.

In other Rockwell Automation news, CEO Blake D. Moret sold 1,700 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $179.07, for a total value of $304,419.00. Following the completion of the sale, the chief executive officer now directly owns 41,395 shares of the company’s stock, valued at approximately $7,412,602.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David M. Dorgan sold 10,148 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $198.22, for a total transaction of $2,011,536.56. Following the completion of the sale, the vice president now directly owns 11,339 shares of the company’s stock, valued at $2,247,616.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,648 shares of company stock valued at $5,720,944. 1.43% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in ROK. LS Investment Advisors LLC increased its stake in Rockwell Automation by 1.4% during the 3rd quarter. LS Investment Advisors LLC now owns 4,226 shares of the industrial products company’s stock valued at $696,000 after purchasing an additional 59 shares in the last quarter. Smithfield Trust Co. boosted its holdings in shares of Rockwell Automation by 2.1% in the 3rd quarter. Smithfield Trust Co. now owns 3,030 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 61 shares during the last quarter. Cooper Financial Group boosted its holdings in shares of Rockwell Automation by 2.2% in the 2nd quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock valued at $493,000 after acquiring an additional 64 shares during the last quarter. Portland Global Advisors LLC boosted its holdings in shares of Rockwell Automation by 0.3% in the 2nd quarter. Portland Global Advisors LLC now owns 19,964 shares of the industrial products company’s stock valued at $3,271,000 after acquiring an additional 64 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Rockwell Automation by 3.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,214 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 67 shares during the last quarter. 72.81% of the stock is owned by institutional investors.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

Featured Article: Stock Symbols Definition, Examples, Lookup

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.