Barclays Upgrades Rockwell Automation (NYSE:ROK) to “Overweight”

Rockwell Automation (NYSE:ROK) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, The Fly reports.

A number of other equities research analysts also recently commented on the company. Morgan Stanley upped their price objective on Rockwell Automation from $142.00 to $180.00 and gave the company an “underweight” rating in a report on Thursday. Gabelli downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Wells Fargo & Co downgraded Rockwell Automation from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $185.00 to $165.00 in a report on Monday, September 30th. Gordon Haskett downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Citigroup reiterated a “neutral” rating and issued a $208.00 price objective (up previously from $174.00) on shares of Rockwell Automation in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $182.20.

ROK stock opened at $200.27 on Monday. The company has a market cap of $22.96 billion, a P/E ratio of 23.10, a PEG ratio of 2.80 and a beta of 1.41. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $207.11. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 4.84. The business has a fifty day moving average of $171.28 and a 200-day moving average of $162.41.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, November 12th. The industrial products company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.09. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.66 billion. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 earnings per share. As a group, equities research analysts anticipate that Rockwell Automation will post 8.94 earnings per share for the current fiscal year.

In other news, CEO Blake D. Moret sold 1,700 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $179.07, for a total transaction of $304,419.00. Following the completion of the transaction, the chief executive officer now directly owns 41,395 shares of the company’s stock, valued at $7,412,602.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Dorgan sold 10,148 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $198.22, for a total value of $2,011,536.56. Following the transaction, the vice president now directly owns 11,339 shares of the company’s stock, valued at $2,247,616.58. The disclosure for this sale can be found here. Insiders have sold 29,648 shares of company stock valued at $5,720,944 over the last ninety days. 1.43% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC raised its holdings in Rockwell Automation by 1.4% during the third quarter. LS Investment Advisors LLC now owns 4,226 shares of the industrial products company’s stock worth $696,000 after acquiring an additional 59 shares in the last quarter. Smithfield Trust Co. raised its stake in Rockwell Automation by 2.1% in the third quarter. Smithfield Trust Co. now owns 3,030 shares of the industrial products company’s stock valued at $499,000 after buying an additional 61 shares during the period. Cooper Financial Group raised its stake in Rockwell Automation by 2.2% in the second quarter. Cooper Financial Group now owns 3,007 shares of the industrial products company’s stock valued at $493,000 after buying an additional 64 shares during the period. Portland Global Advisors LLC raised its stake in Rockwell Automation by 0.3% in the second quarter. Portland Global Advisors LLC now owns 19,964 shares of the industrial products company’s stock valued at $3,271,000 after buying an additional 64 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Rockwell Automation by 3.1% in the third quarter. Sequoia Financial Advisors LLC now owns 2,214 shares of the industrial products company’s stock valued at $365,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 72.33% 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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