Shares of Rockwell Automation, Inc. (NYSE:ROK – Get Rating) have earned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $276.06.
Several research firms have commented on ROK. The Goldman Sachs Group lowered their price objective on shares of Rockwell Automation from $294.00 to $252.00 and set a “sell” rating for the company in a research report on Thursday, April 7th. Morgan Stanley lowered their target price on shares of Rockwell Automation from $395.00 to $360.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. HSBC lowered their target price on shares of Rockwell Automation from $293.00 to $240.00 in a report on Tuesday, May 10th. JPMorgan Chase & Co. lowered their target price on shares of Rockwell Automation from $220.00 to $200.00 in a report on Thursday, May 5th. Finally, TheStreet downgraded shares of Rockwell Automation from a “b-” rating to a “c” rating in a research report on Tuesday, May 3rd.
Shares of NYSE:ROK opened at $199.51 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 1.09. The firm has a fifty day moving average price of $251.61 and a 200 day moving average price of $293.00. Rockwell Automation has a fifty-two week low of $191.07 and a fifty-two week high of $354.99. The firm has a market cap of $23.20 billion, a price-to-earnings ratio of 36.27, a P/E/G ratio of 2.48 and a beta of 1.41.
Rockwell Automation announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 3rd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Monday, May 16th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, May 13th. Rockwell Automation’s payout ratio is 81.45%.
In other Rockwell Automation news, Director Patricia A. Watson acquired 1,110 shares of the firm’s stock in a transaction on Thursday, May 5th. The stock was acquired at an average cost of $219.58 per share, for a total transaction of $243,733.80. Following the purchase, the director now owns 4,827 shares in the company, valued at approximately $1,059,912.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.
Large investors have recently bought and sold shares of the company. Credit Suisse AG increased its holdings in shares of Rockwell Automation by 3.6% during the 3rd quarter. Credit Suisse AG now owns 276,222 shares of the industrial products company’s stock valued at $81,221,000 after purchasing an additional 9,616 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Rockwell Automation by 1.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 44,216 shares of the industrial products company’s stock valued at $15,387,000 after purchasing an additional 604 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Rockwell Automation by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 67,196 shares of the industrial products company’s stock valued at $23,442,000 after purchasing an additional 943 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Rockwell Automation by 2.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 23,603 shares of the industrial products company’s stock valued at $8,234,000 after purchasing an additional 516 shares in the last quarter. Finally, AlphaCrest Capital Management LLC increased its holdings in Rockwell Automation by 96.4% in the 3rd quarter. AlphaCrest Capital Management LLC now owns 4,150 shares of the industrial products company’s stock worth $1,220,000 after acquiring an additional 2,037 shares in the last quarter. 78.21% of the stock is owned by hedge funds and other institutional investors.
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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