Rockwell Automation (NYSE:ROK) Price Target Cut to $292.00

Rockwell Automation (NYSE:ROKGet Rating) had its price target lowered by Deutsche Bank Aktiengesellschaft from $318.00 to $292.00 in a report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 9.35% from the company’s current price.

Several other equities analysts have also recently issued reports on ROK. The Goldman Sachs Group lowered their target price on shares of Rockwell Automation from $294.00 to $252.00 and set a “sell” rating on the stock in a research note on Thursday, April 7th. Sanford C. Bernstein assumed coverage on shares of Rockwell Automation in a research note on Monday, January 10th. They set an “outperform” rating and a $378.00 target price on the stock. Mizuho assumed coverage on shares of Rockwell Automation in a research note on Thursday, December 16th. They set a “neutral” rating and a $345.00 target price on the stock. Citigroup decreased their target price on shares of Rockwell Automation from $400.00 to $381.00 in a research note on Friday, January 28th. Finally, Barclays decreased their target price on shares of Rockwell Automation from $318.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Monday, April 4th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $316.06.

NYSE:ROK opened at $267.04 on Thursday. The firm’s 50-day moving average price is $271.30 and its 200-day moving average price is $306.93. The company has a market capitalization of $31.03 billion, a PE ratio of 31.12, a P/E/G ratio of 2.68 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.07 and a quick ratio of 0.78. Rockwell Automation has a 1-year low of $250.65 and a 1-year high of $354.99.

Rockwell Automation (NYSE:ROKGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The industrial products company reported $2.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.14. Rockwell Automation had a net margin of 13.81% and a return on equity of 42.24%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm posted $2.38 EPS. Rockwell Automation’s revenue for the quarter was up 18.7% on a year-over-year basis. Equities analysts anticipate that Rockwell Automation will post 10.62 EPS for the current fiscal year.

In other news, VP Brian A. Shepherd sold 621 shares of Rockwell Automation stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $294.22, for a total transaction of $182,710.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Investment Advisory LLC grew its stake in Rockwell Automation by 64.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 92 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 36 shares during the last quarter. Covestor Ltd purchased a new position in Rockwell Automation in the fourth quarter valued at about $35,000. D Orazio & Associates Inc. grew its stake in Rockwell Automation by 69.8% in the third quarter. D Orazio & Associates Inc. now owns 107 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC grew its stake in Rockwell Automation by 419.0% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 109 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 88 shares during the last quarter. Finally, Equitec Proprietary Markets LLC purchased a new position in Rockwell Automation in the fourth quarter valued at about $38,000. Institutional investors own 75.96% of the company’s stock.

Rockwell Automation Company Profile (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.

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