Rockwell Automation (NYSE:ROK) Given New $290.00 Price Target at The Goldman Sachs Group

Rockwell Automation (NYSE:ROK) had its target price upped by equities research analysts at The Goldman Sachs Group from $257.00 to $290.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “sell” rating on the industrial products company’s stock. The Goldman Sachs Group’s target price points to a potential downside of 4.63% from the company’s current price.

ROK has been the subject of a number of other reports. BNP Paribas began coverage on Rockwell Automation in a report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 price objective for the company. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a report on Monday, December 9th. Barclays boosted their target price on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday. Robert W. Baird raised their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, UBS Group initiated coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $307.55.

Rockwell Automation Trading Up 0.6 %

Rockwell Automation stock traded up $1.73 during trading on Tuesday, hitting $304.07. The company’s stock had a trading volume of 421,598 shares, compared to its average volume of 816,255. The stock’s fifty day moving average is $285.82 and its 200 day moving average is $275.28. Rockwell Automation has a 1-year low of $242.81 and a 1-year high of $308.70. The stock has a market capitalization of $34.37 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 2.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. As a group, equities research analysts predict that Rockwell Automation will post 9.32 EPS for the current year.

Insider Activity

In other news, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $284.07, for a total transaction of $132,660.69. Following the completion of the transaction, the vice president now directly owns 4,800 shares in the company, valued at approximately $1,363,536. The trade was a 8.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,857 shares of company stock valued at $10,678,037. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Rockwell Automation

A number of hedge funds and other institutional investors have recently modified their holdings of ROK. Ashton Thomas Securities LLC acquired a new position in Rockwell Automation during the 3rd quarter valued at about $26,000. Richardson Financial Services Inc. boosted its holdings in shares of Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 48 shares in the last quarter. West Oak Capital LLC increased its stake in shares of Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 82 shares during the period. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation during the fourth quarter worth approximately $34,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation in the fourth quarter worth approximately $35,000. 75.75% of the stock is currently owned by institutional investors.

About Rockwell Automation

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.