Rockwell Automation (NYSE:ROK) Price Target Lowered to $260.00 at Barclays

Rockwell Automation (NYSE:ROK) had its price objective cut by research analysts at Barclays from $265.00 to $260.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the industrial products company’s stock. Barclays‘s price target indicates a potential downside of 4.91% from the company’s current price.

A number of other brokerages have also issued reports on ROK. Wells Fargo & Company reduced their target price on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a report on Thursday, March 21st. Mizuho cut their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday. Robert W. Baird reduced their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Citigroup cut their target price on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $308.36.

Rockwell Automation Stock Up 0.5 %

NYSE ROK traded up $1.39 on Wednesday, hitting $273.43. The stock had a trading volume of 1,063,943 shares, compared to its average volume of 1,019,818. The business’s fifty day moving average price is $281.90 and its 200 day moving average price is $283.11. The stock has a market cap of $31.33 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 2.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. Rockwell Automation has a 52-week low of $252.11 and a 52-week high of $348.52.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company posted $3.01 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation will post 11.98 earnings per share for the current year.

Insider Buying and Selling at Rockwell Automation

In related news, CEO Blake D. Moret purchased 3,500 shares of Rockwell Automation stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $283.64 per share, with a total value of $992,740.00. Following the completion of the transaction, the chief executive officer now directly owns 77,215 shares in the company, valued at $21,901,262.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Robert L. Buttermore sold 201 shares of Rockwell Automation stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $277.50, for a total value of $55,777.50. Following the sale, the senior vice president now owns 2,311 shares of the company’s stock, valued at $641,302.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Blake D. Moret purchased 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $283.64 per share, with a total value of $992,740.00. Following the completion of the acquisition, the chief executive officer now directly owns 77,215 shares of the company’s stock, valued at $21,901,262.60. The disclosure for this purchase can be found here. Insiders have sold 17,240 shares of company stock worth $4,891,324 over the last three months. Insiders own 0.68% of the company’s stock.

Institutional Trading of Rockwell Automation

A number of institutional investors have recently modified their holdings of the business. Bleakley Financial Group LLC grew its holdings in shares of Rockwell Automation by 3.6% in the 1st quarter. Bleakley Financial Group LLC now owns 3,446 shares of the industrial products company’s stock worth $1,004,000 after acquiring an additional 120 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Rockwell Automation by 15.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,294 shares of the industrial products company’s stock valued at $960,000 after purchasing an additional 429 shares in the last quarter. Value Star Asset Management Hong Kong Ltd acquired a new stake in shares of Rockwell Automation during the 1st quarter worth about $7,050,000. Addison Capital Co grew its holdings in shares of Rockwell Automation by 21.6% during the first quarter. Addison Capital Co now owns 2,261 shares of the industrial products company’s stock worth $659,000 after buying an additional 402 shares in the last quarter. Finally, Isthmus Partners LLC raised its position in shares of Rockwell Automation by 1.7% in the first quarter. Isthmus Partners LLC now owns 39,798 shares of the industrial products company’s stock valued at $11,594,000 after buying an additional 676 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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.