Rockwell Automation (NYSE:ROK) Price Target Raised to $315.00

Rockwell Automation (NYSE:ROK) had its target price increased by stock analysts at Robert W. Baird from $305.00 to $315.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price would indicate a potential upside of 4.30% from the stock’s current price.

Several other research firms have also issued reports on ROK. Wells Fargo & Company increased their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup increased their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley raised their price objective on Rockwell Automation from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. BNP Paribas initiated coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $345.00 price objective for the company. Finally, Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $275.00 to $350.00 in a report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $308.05.

Rockwell Automation Trading Down 0.6 %

Rockwell Automation stock opened at $302.01 on Tuesday. The business has a 50-day simple moving average of $286.07 and a two-hundred day simple moving average of $275.47. Rockwell Automation has a 52-week low of $242.81 and a 52-week high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The company has a market cap of $34.14 billion, a P/E ratio of 36.47, a P/E/G ratio of 2.89 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. Analysts predict that Rockwell Automation will post 9.32 EPS for the current year.

Insider Activity

In related news, VP Scott Genereux sold 278 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the transaction, the vice president now owns 3,184 shares in the company, valued at $961,695.36. This represents a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the sale, the vice president now owns 4,800 shares of the company’s stock, valued at $1,363,536. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,857 shares of company stock valued at $10,678,037 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rockwell Automation

Several hedge funds and other institutional investors have recently bought and sold shares of ROK. Richardson Financial Services Inc. increased its position in shares of Rockwell Automation by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Rockwell Automation in the 3rd quarter valued at about $26,000. West Oak Capital LLC raised its holdings in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter worth about $34,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $34,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

About Rockwell Automation

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.