Redburn Atlantic Begins Coverage on Rockwell Automation (NYSE:ROK)

Equities research analysts at Redburn Atlantic initiated coverage on shares of Rockwell Automation (NYSE:ROKGet Free Report) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $256.00 price target on the industrial products company’s stock. Redburn Atlantic’s price objective points to a potential downside of 3.06% from the company’s current price.

Several other analysts have also commented on the company. Robert W. Baird cut their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Barclays cut their price objective on Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, June 4th. Mizuho cut their price objective on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Loop Capital cut their price objective on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Finally, Citigroup cut their price objective on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $301.57.

Check Out Our Latest Analysis on ROK

Rockwell Automation Stock Down 0.9 %

Rockwell Automation stock opened at $264.07 on Monday. The firm has a market cap of $30.10 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 4.37 and a beta of 1.37. The stock has a fifty day simple moving average of $265.15 and a two-hundred day simple moving average of $280.09. Rockwell Automation has a 12 month low of $249.00 and a 12 month 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.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping 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 34.83% and a net margin of 13.19%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.01 EPS. Equities analysts predict that Rockwell Automation will post 10.15 EPS for the current fiscal year.

Insider Activity

In other news, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at $1,204,309.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the sale, 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. Insiders have sold 2,199 shares of company stock worth $572,750 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Rockwell Automation

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Rockwell Automation by 142.0% in the second quarter. GAMMA Investing LLC now owns 1,522 shares of the industrial products company’s stock worth $419,000 after purchasing an additional 893 shares during the last quarter. SRN Advisors LLC increased its stake in Rockwell Automation by 4.7% during the first quarter. SRN Advisors LLC now owns 3,178 shares of the industrial products company’s stock worth $926,000 after acquiring an additional 144 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in Rockwell Automation by 19.9% during the first quarter. Westwood Holdings Group Inc. now owns 10,047 shares of the industrial products company’s stock worth $2,927,000 after acquiring an additional 1,665 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Rockwell Automation by 8.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 456,965 shares of the industrial products company’s stock worth $134,016,000 after acquiring an additional 36,866 shares during the last quarter. Finally, Pathway Financial Advisers LLC bought a new stake in Rockwell Automation during the first quarter worth approximately $26,000. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Company Profile

(Get Free Report)

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.

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