Brokerages Set Rockwell Automation, Inc. (NYSE:ROK) Target Price at $305.08

Rockwell Automation, Inc. (NYSE:ROK) has received a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $301.07.

A number of equities analysts have recently commented on ROK shares. Redburn Atlantic started coverage on shares of Rockwell Automation in a report on Monday. They set a “neutral” rating and a $256.00 price objective for the company. Robert W. Baird cut their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Mizuho cut their price target on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Finally, Loop Capital cut their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th.

Insider Transactions at Rockwell Automation

In other news, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total transaction of $171,412.49. Following the completion of the sale, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,204,309.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the completion of the transaction, the vice president now owns 4,800 shares in the company, valued at $1,311,696. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total transaction of $171,412.49. Following the transaction, the senior vice president now owns 4,630 shares of the company’s stock, valued at approximately $1,204,309.30. The disclosure for this sale can be found here. Insiders sold a total of 2,199 shares of company stock worth $572,750 in the last quarter. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Patrick M Sweeney & Associates Inc. acquired a new position in Rockwell Automation during the fourth quarter valued at approximately $380,000. Sequoia Financial Advisors LLC lifted its stake in Rockwell Automation by 676.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after buying an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Rockwell Automation by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock valued at $3,266,000 after buying an additional 97 shares in the last quarter. Carnegie Capital Asset Management LLC lifted its stake in Rockwell Automation by 5.0% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock valued at $26,562,000 after buying an additional 4,093 shares in the last quarter. Finally, Lincoln National Corp lifted its stake in Rockwell Automation by 76.5% in the fourth quarter. Lincoln National Corp now owns 3,111 shares of the industrial products company’s stock valued at $966,000 after buying an additional 1,348 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $265.00 on Thursday. The company’s fifty day moving average is $264.56 and its two-hundred day moving average is $279.37. The firm has a market capitalization of $30.21 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 4.38 and a beta of 1.37. Rockwell Automation has a 52-week low of $249.00 and a 52-week high of $348.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the firm earned $3.01 EPS. Equities research analysts forecast that Rockwell Automation will post 10.15 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s dividend payout ratio is 48.88%.

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.