Rockwell Automation (NYSE:ROK) Price Target Cut to $200.00 by Analysts at JPMorgan Chase & Co.

Rockwell Automation (NYSE:ROKGet Rating) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $220.00 to $200.00 in a note issued to investors on Thursday, The Fly reports. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 10.05% from the stock’s previous close.

Several other equities research analysts also recently commented on ROK. Robert W. Baird dropped their price objective on shares of Rockwell Automation from $310.00 to $255.00 in a report on Wednesday. Wells Fargo & Company dropped their price objective on shares of Rockwell Automation from $261.00 to $212.00 in a report on Wednesday. Morgan Stanley dropped their price objective on shares of Rockwell Automation from $395.00 to $360.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. StockNews.com started coverage on shares of Rockwell Automation in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays decreased their price target on Rockwell Automation from $300.00 to $220.00 in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $278.71.

Shares of NYSE:ROK opened at $222.35 on Thursday. The company’s 50-day moving average is $266.55 and its 200 day moving average is $302.28. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.78 and a current ratio of 1.07. The company has a market capitalization of $25.84 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.57 and a beta of 1.41. Rockwell Automation has a fifty-two week low of $210.62 and a fifty-two week high of $354.99.

Rockwell Automation (NYSE:ROKGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $1.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.60). The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Rockwell Automation had a net margin of 13.81% and a return on equity of 42.24%. Rockwell Automation’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $2.41 earnings per share. As a group, research analysts predict that Rockwell Automation will post 9.57 earnings per share for the current year.

Rockwell Automation declared that its board has authorized a stock buyback program on Tuesday, May 3rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Hedge funds have recently bought and sold shares of the stock. Capital Advisory Group Advisory Services LLC bought a new position in shares of Rockwell Automation in the first quarter worth approximately $28,000. D Orazio & Associates Inc. grew its position in Rockwell Automation by 69.8% during the third quarter. D Orazio & Associates Inc. now owns 107 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC grew its position in Rockwell Automation by 419.0% during 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 acquiring an additional 88 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Rockwell Automation by 64.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 92 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 36 shares during the last quarter. Finally, Riverview Trust Co bought a new position in Rockwell Automation during the first quarter valued at approximately $32,000. Institutional investors own 78.21% 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.

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