Rockwell Automation (NYSE:ROK) Price Target Lowered to $285.00 at Barclays

Rockwell Automation (NYSE:ROK) had its price objective trimmed by Barclays from $300.00 to $285.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on ROK. Robert W. Baird boosted their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Wells Fargo & Company increased their target price on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. The Goldman Sachs Group raised their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Loop Capital upped their price objective on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and upped their target price for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $307.68.

Rockwell Automation Stock Down 2.1 %

Rockwell Automation stock opened at $270.76 on Monday. The firm’s 50 day moving average price is $283.95 and its two-hundred day moving average price is $278.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation has a twelve month low of $242.81 and a twelve month high of $308.70. The firm has a market cap of $30.62 billion, a PE ratio of 33.72, a P/E/G ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last released its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, research analysts predict that Rockwell Automation will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Insider Activity

In related news, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now directly owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the sale, the senior vice president now directly owns 3,650 shares in the company, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock valued at $1,246,298 in the last quarter. 0.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rockwell Automation

Several large investors have recently bought and sold shares of ROK. Mattson Financial Services LLC raised its stake in Rockwell Automation by 5,000.0% during the 4th quarter. Mattson Financial Services LLC now owns 1,224 shares of the industrial products company’s stock valued at $329,000 after acquiring an additional 1,200 shares during the last quarter. Alpha Wealth Funds LLC acquired a new stake in Rockwell Automation during the 4th quarter valued at $387,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Rockwell Automation during the 4th quarter worth $36,219,000. Capital A Wealth Management LLC acquired a new position in Rockwell Automation during the fourth quarter worth approximately $103,000. Finally, Heck Capital Advisors LLC acquired a new stake in Rockwell Automation during the 4th quarter worth approximately $57,000. Institutional investors own 75.75% of the company’s stock.

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.