Rockwell Automation (NYSE:ROK) Upgraded to “Overweight” by Barclays

Barclays upgraded shares of Rockwell Automation (NYSE:ROK) from an equal weight rating to an overweight rating in a report published on Monday morning, Briefing.com Automated Import reports.

Several other research firms have also recently commented on ROK. Zacks Investment Research upgraded Rockwell Automation from a sell rating to a hold rating and set a $209.00 price target on the stock in a research note on Thursday, November 14th. Bank of America boosted their price target on Rockwell Automation from $170.00 to $200.00 and gave the stock a neutral rating in a research note on Wednesday, November 13th. Gordon Haskett cut Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday, September 11th. Credit Suisse Group upgraded Rockwell Automation from an underperform rating to a neutral rating and boosted their price target for the stock from $161.00 to $191.00 in a research note on Wednesday, November 13th. Finally, Gabelli cut Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $184.40.

Shares of NYSE:ROK traded down $1.00 during trading on Monday, hitting $196.67. The company’s stock had a trading volume of 699,248 shares, compared to its average volume of 925,181. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.24 and a current ratio of 1.54. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $207.11. The stock’s 50-day moving average price is $173.33 and its two-hundred day moving average price is $162.71. The company has a market capitalization of $23.14 billion, a PE ratio of 22.68, a PEG ratio of 2.74 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.09. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that Rockwell Automation will post 8.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $4.08 annualized dividend and a yield of 2.07%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.97. Rockwell Automation’s dividend payout ratio is presently 47.06%.

In other news, CEO Blake D. Moret sold 7,300 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $179.67, for a total transaction of $1,311,591.00. Following the sale, the chief executive officer now directly owns 46,995 shares in the company, valued at approximately $8,443,591.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 1,700 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $179.07, for a total value of $304,419.00. Following the sale, the chief executive officer now owns 41,395 shares in the company, valued at $7,412,602.65. The disclosure for this sale can be found here. Insiders have sold 29,648 shares of company stock worth $5,720,944 in the last 90 days. 1.43% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of 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 worth $696,000 after purchasing an additional 59 shares during the period. Smithfield Trust Co. grew its holdings in Rockwell Automation by 2.1% in the 3rd quarter. Smithfield Trust Co. now owns 3,030 shares of the industrial products company’s stock worth $499,000 after buying an additional 61 shares in the last quarter. Cooper Financial Group grew its holdings in Rockwell Automation by 2.2% in the 2nd quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock worth $493,000 after buying an additional 64 shares in the last quarter. Portland Global Advisors LLC grew its holdings in 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 worth $3,271,000 after buying an additional 64 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in 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 worth $365,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 72.33% of the company’s stock.

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.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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