Shares of Rockwell Automation, Inc. (NYSE:ROK) have been given an average rating of “Hold” by the nineteen research firms that are covering the firm. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $108.56.
Several analysts have recently weighed in on the company. Cowen and Company reiterated a “market perform” rating and set a $120.00 target price (up from $102.00) on shares of Rockwell Automation in a research report on Tuesday. Sanford C. Bernstein reiterated a “market perform” rating on shares of Rockwell Automation in a research report on Thursday, December 15th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research report on Saturday, November 12th. Barclays PLC upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $118.00 to $141.00 in a research report on Monday, October 24th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st.
Rockwell Automation (NYSE:ROK) opened at 134.40 on Wednesday. Rockwell Automation has a 52 week low of $87.53 and a 52 week high of $139.64. The company has a market cap of $17.23 billion, a PE ratio of 24.17 and a beta of 1.07. The company has a 50-day moving average of $134.68 and a 200-day moving average of $121.61.
Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The business earned $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $1.57 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Rockwell Automation will post $6.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Monday, November 14th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, November 9th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.73. Rockwell Automation’s dividend payout ratio (DPR) is currently 54.58%.
In related news, VP David M. Dorgan sold 6,000 shares of Rockwell Automation stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $127.27, for a total transaction of $763,620.00. Following the completion of the sale, the vice president now owns 16,300 shares of the company’s stock, valued at $2,074,501. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore D. Crandall sold 11,300 shares of Rockwell Automation stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $125.40, for a total value of $1,417,020.00. Following the sale, the chief financial officer now directly owns 106,131 shares of the company’s stock, valued at approximately $13,308,827.40. The disclosure for this sale can be found here. 1.65% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in Rockwell Automation by 31.6% in the second quarter. Nisa Investment Advisors LLC now owns 32,043 shares of the company’s stock worth $3,679,000 after buying an additional 7,700 shares during the period. Regentatlantic Capital LLC increased its position in shares of Rockwell Automation by 0.7% in the second quarter. Regentatlantic Capital LLC now owns 1,806 shares of the company’s stock worth $207,000 after buying an additional 13 shares during the last quarter. Telemus Capital LLC bought a new position in shares of Rockwell Automation during the second quarter worth about $201,000. Rockland Trust Co. increased its position in shares of Rockwell Automation by 16.0% in the second quarter. Rockland Trust Co. now owns 16,899 shares of the company’s stock worth $1,940,000 after buying an additional 2,330 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Rockwell Automation by 1.5% in the second quarter. LS Investment Advisors LLC now owns 6,183 shares of the company’s stock worth $710,000 after buying an additional 92 shares during the last quarter. 71.96% of the stock is owned by hedge funds and other institutional investors.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.