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

Rockwell Automation (NYSE:ROK) had its target price dropped by research analysts at Barclays from $265.00 to $260.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “underweight” rating on the industrial products company’s stock. Barclays‘s price target would suggest a potential downside of 3.88% from the stock’s current price.

ROK has been the topic of several other research reports. Wells Fargo & Company dropped their target price on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research report on Wednesday. Oppenheimer dropped their price target on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Berenberg Bank restated a “hold” rating and issued a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Citigroup lowered their target price on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Finally, Mizuho reduced their price target on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $307.93.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $270.50 on Wednesday. Rockwell Automation has a 52 week low of $252.11 and a 52 week high of $348.52. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $281.65 and a 200-day moving average price of $283.04. The company has a market cap of $31.00 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.77 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. Rockwell Automation’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.01 EPS. Equities analysts anticipate that Rockwell Automation will post 11.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Robert L. Buttermore sold 201 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $277.50, for a total transaction of $55,777.50. Following the sale, the senior vice president now directly owns 2,311 shares in the company, valued at $641,302.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Robert L. Buttermore sold 201 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $277.50, for a total value of $55,777.50. Following the transaction, the senior vice president now owns 2,311 shares of the company’s stock, valued at $641,302.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $280.52, for a total value of $140,260.00. Following the sale, the vice president now directly owns 4,383 shares of the company’s stock, valued at approximately $1,229,519.16. The disclosure for this sale can be found here. Insiders sold a total of 17,240 shares of company stock worth $4,891,324 in the last quarter. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ROK. Valeo Financial Advisors LLC boosted its position in shares of Rockwell Automation by 1.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 35 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of Rockwell Automation by 3.3% in the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 37 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Rockwell Automation by 3.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock valued at $346,000 after buying an additional 37 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in shares of Rockwell Automation by 17.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 248 shares of the industrial products company’s stock worth $72,000 after buying an additional 37 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of Rockwell Automation by 24.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock worth $56,000 after buying an additional 38 shares during the period. 75.75% of the stock is currently 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.