Rockwell Automation (NYSE:ROK) Price Target Raised to $227.00 at Wells Fargo & Company

Rockwell Automation (NYSE:ROKGet Rating) had its price target boosted by Wells Fargo & Company to $227.00 in a research note published on Monday, Stock Target Advisor reports.

Several other research analysts have also recently commented on the company. Citigroup reduced their price target on Rockwell Automation from $274.00 to $265.00 in a research report on Monday, October 10th. StockNews.com began coverage on Rockwell Automation in a research report on Wednesday, October 12th. They set a hold rating for the company. Argus increased their price target on Rockwell Automation from $250.00 to $290.00 and gave the company a buy rating in a research report on Wednesday, August 17th. Robert W. Baird upped their price objective on Rockwell Automation from $250.00 to $265.00 and gave the company an outperform rating in a research note on Thursday, November 17th. Finally, Morgan Stanley upped their price objective on Rockwell Automation from $265.00 to $269.00 and gave the company an overweight rating in a research note on Thursday, November 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $240.56.

Rockwell Automation Stock Down 0.1 %

ROK stock opened at $266.61 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.01 and a quick ratio of 0.72. The stock has a market capitalization of $30.62 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.68 and a beta of 1.46. The business has a 50-day moving average of $240.65 and a 200-day moving average of $228.17. Rockwell Automation has a fifty-two week low of $190.08 and a fifty-two week high of $354.99.

Rockwell Automation (NYSE:ROKGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The industrial products company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.09. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Rockwell Automation had a return on equity of 38.84% and a net margin of 12.01%. Rockwell Automation’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.33 earnings per share. On average, sell-side analysts anticipate that Rockwell Automation will post 10.7 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 14th will be paid a dividend of $1.18 per share. The ex-dividend date is Thursday, November 10th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.12. Rockwell Automation’s dividend payout ratio (DPR) is 59.22%.

Insider Transactions at Rockwell Automation

In other news, SVP Christopher Nardecchia sold 428 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $226.38, for a total transaction of $96,890.64. Following the transaction, the senior vice president now owns 7,809 shares in the company, valued at $1,767,801.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Rockwell Automation news, SVP Veena M. Lakkundi sold 606 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $242.24, for a total transaction of $146,797.44. Following the transaction, the senior vice president now owns 1,269 shares in the company, valued at approximately $307,402.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Christopher Nardecchia sold 428 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $226.38, for a total value of $96,890.64. Following the transaction, the senior vice president now owns 7,809 shares in the company, valued at approximately $1,767,801.42. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rockwell Automation

A number of hedge funds have recently added to or reduced their stakes in ROK. SG Americas Securities LLC boosted its holdings in shares of Rockwell Automation by 126.1% in the 1st quarter. SG Americas Securities LLC now owns 4,841 shares of the industrial products company’s stock valued at $1,356,000 after purchasing an additional 2,700 shares in the last quarter. Markel Corp boosted its holdings in shares of Rockwell Automation by 1.3% in the 1st quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock valued at $42,816,000 after purchasing an additional 2,000 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Rockwell Automation by 7.4% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 5,730 shares of the industrial products company’s stock valued at $1,605,000 after purchasing an additional 395 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Rockwell Automation by 1.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 16,768 shares of the industrial products company’s stock valued at $4,696,000 after purchasing an additional 200 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in shares of Rockwell Automation by 10.2% in the 1st quarter. CENTRAL TRUST Co now owns 802 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 79.11% of the company’s stock.

About Rockwell Automation

(Get Rating)

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

Further Reading

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.