Rockwell Automation (NYSE:ROK) Now Covered by Analysts at Redburn Atlantic

Redburn Atlantic began coverage on shares of Rockwell Automation (NYSE:ROK) in a research report report published on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $256.00 price objective on the industrial products company’s stock.

ROK has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued an underweight rating and set a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Citigroup lowered their price objective on Rockwell Automation from $322.00 to $316.00 and set a buy rating for the company in a research report on Wednesday, May 8th. Loop Capital cut their target price on Rockwell Automation from $300.00 to $290.00 and set a hold rating on the stock in a research report on Tuesday, May 14th. Mizuho lowered their target price on Rockwell Automation from $265.00 to $260.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Finally, Wells Fargo & Company dropped their price target on Rockwell Automation from $320.00 to $312.00 and set an overweight rating on the stock in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $300.71.

Rockwell Automation Trading Up 3.5 %

Shares of ROK stock opened at $274.23 on Monday. Rockwell Automation has a 1-year low of $249.00 and a 1-year high of $348.52. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. The stock has a market cap of $31.26 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 4.38 and a beta of 1.37. The stock has a 50-day moving average of $264.65 and a 200-day moving average of $279.33.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business posted $3.01 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. On average, equities research analysts forecast that Rockwell Automation will post 10.15 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.82%. Rockwell Automation’s dividend payout ratio (DPR) is presently 48.88%.

Insider Buying and Selling at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,311,696. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Cyril Perducat sold 659 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at approximately $1,204,309.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,199 shares of company stock valued at $572,750. Corporate insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BDF Gestion bought a new position in Rockwell Automation in the 2nd quarter valued at $1,700,000. Global Trust Asset Management LLC boosted its holdings in shares of Rockwell Automation by 20,875.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 839 shares of the industrial products company’s stock worth $231,000 after buying an additional 835 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in shares of Rockwell Automation by 16.4% in the 2nd quarter. Simplicity Wealth LLC now owns 4,004 shares of the industrial products company’s stock worth $1,102,000 after buying an additional 565 shares during the last quarter. Valeo Financial Advisors LLC grew its position in Rockwell Automation by 25.4% during the second quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the industrial products company’s stock valued at $614,000 after buying an additional 452 shares during the period. Finally, Triangle Securities Wealth Management increased its holdings in Rockwell Automation by 9.8% during the second quarter. Triangle Securities Wealth Management now owns 5,121 shares of the industrial products company’s stock worth $1,410,000 after buying an additional 459 shares during the last quarter. 75.75% of the stock is owned by 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.