Citigroup Lowers Rockwell Automation (NYSE:ROK) Price Target to $181.00

Rockwell Automation (NYSE:ROK) had its price objective decreased by equities research analysts at Citigroup from $184.00 to $181.00 in a report issued on Tuesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Citigroup‘s target price indicates a potential upside of 15.88% from the company’s previous close.

Several other research firms have also recently weighed in on ROK. Morgan Stanley set a $18.00 price objective on PG&E and gave the company a “hold” rating in a report on Friday, June 14th. Wells Fargo & Co set a $95.00 price objective on Westinghouse Air Brake Technologies and gave the company a “buy” rating in a report on Friday, April 26th. BMO Capital Markets set a $32.00 target price on Axalta Coating Systems and gave the company a “hold” rating in a research report on Friday, April 26th. Deutsche Bank lifted their target price on Rockwell Automation from $173.00 to $186.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Barclays reissued a “buy” rating and issued a $65.00 target price on shares of Owens Corning in a research report on Monday, July 1st. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $172.87.

Shares of NYSE:ROK traded up $2.63 during trading on Tuesday, hitting $156.20. 66,588 shares of the company’s stock traded hands, compared to its average volume of 877,152. Rockwell Automation has a 52 week low of $141.46 and a 52 week high of $198.23. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45. The firm has a market cap of $18.19 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 2.35 and a beta of 1.43. The firm has a 50-day simple moving average of $158.02.



Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.11 by ($0.07). Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm earned $1.89 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts forecast that Rockwell Automation will post 8.87 EPS for the current year.

In related news, insider Blake D. Moret sold 297 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $161.53, for a total value of $47,974.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Laszkiewicz sold 263 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $159.38, for a total value of $41,916.94. The disclosure for this sale can be found here. Insiders have sold a total of 613 shares of company stock worth $99,284 over the last three months. 1.43% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can grew its holdings in Rockwell Automation by 0.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 82,044 shares of the industrial products company’s stock valued at $11,761,000 after purchasing an additional 292 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Rockwell Automation by 7.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 20,168 shares of the industrial products company’s stock valued at $3,035,000 after buying an additional 1,380 shares in the last quarter. Bessemer Group Inc. lifted its position in Rockwell Automation by 8.0% during the fourth quarter. Bessemer Group Inc. now owns 4,518 shares of the industrial products company’s stock valued at $679,000 after buying an additional 336 shares in the last quarter. JOYN Advisors Inc. lifted its position in Rockwell Automation by 104.4% during the fourth quarter. JOYN Advisors Inc. now owns 186 shares of the industrial products company’s stock valued at $28,000 after buying an additional 95 shares in the last quarter. Finally, Korea Investment CORP lifted its position in Rockwell Automation by 342.4% during the fourth quarter. Korea Investment CORP now owns 27,096 shares of the industrial products company’s stock valued at $4,077,000 after buying an additional 20,971 shares in the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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