Barclays Forecasts Strong Price Appreciation for Rockwell Automation (NYSE:ROK) Stock

Rockwell Automation (NYSE:ROK) had its price target increased by research analysts at Barclays from $285.00 to $300.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price would indicate a potential downside of 0.67% from the stock’s current price.

A number of other research analysts also recently commented on ROK. Bank of America boosted their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird lifted their price target on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Tuesday. Mizuho lifted their target price on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. UBS Group initiated coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation has an average rating of “Hold” and an average target price of $308.05.

Rockwell Automation Stock Down 0.6 %

Rockwell Automation stock opened at $302.01 on Tuesday. The company’s 50-day moving average price is $286.07 and its two-hundred day moving average price is $275.47. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The stock has a market cap of $34.14 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 2.89 and a beta of 1.35. Rockwell Automation has a 52 week low of $242.81 and a 52 week high of $308.70.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. On average, analysts expect that Rockwell Automation will post 9.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP John M. Miller sold 467 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,363,536. This trade represents a 8.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott Genereux sold 278 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the transaction, the vice president now owns 3,184 shares in the company, valued at approximately $961,695.36. This trade represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,857 shares of company stock valued at $10,678,037. 0.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. raised its stake in shares of Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC bought a new stake in Rockwell Automation in the 3rd quarter valued at approximately $26,000. West Oak Capital LLC boosted its position in Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 82 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation in the third quarter valued at approximately $34,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation in the fourth quarter worth $34,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Company Profile

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.