Equities researchers at UBS Group initiated coverage on shares of Rockwell Automation (NYSE:ROK) in a research note issued on Monday, www.benzinga.com reports. The brokerage set a “buy” rating on the industrial products company’s stock.

Other equities analysts have also recently issued research reports about the stock. cut shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $173.00 price objective (up previously from $168.00) on shares of Rockwell Automation in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $183.00 price objective on shares of Rockwell Automation in a research note on Thursday, October 12th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $193.00 price objective on shares of Rockwell Automation in a research note on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $172.29.

Rockwell Automation (NYSE:ROK) opened at $204.69 on Monday. The company has a market cap of $26,300.00, a P/E ratio of 32.23, a P/E/G ratio of 2.28 and a beta of 1.23. Rockwell Automation has a 12 month low of $139.72 and a 12 month high of $210.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a net margin of 12.27% and a return on equity of 33.87%. Rockwell Automation’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. equities analysts forecast that Rockwell Automation will post 7.41 EPS for the current year.

In other Rockwell Automation news, Director Lawrence D. Kingsley acquired 375 shares of the stock in a transaction dated Sunday, November 12th. The stock was purchased at an average cost of $104.00 per share, for a total transaction of $39,000.00. Following the acquisition, the director now owns 5,421 shares in the company, valued at approximately $563,784. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Steven W. Etzel sold 514 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $190.75, for a total transaction of $98,045.50. Following the completion of the sale, the vice president now owns 7,737 shares of the company’s stock, valued at $1,475,832.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,770 shares of company stock valued at $2,054,871. 1.28% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in ROK. Thrivent Financial For Lutherans lifted its holdings in shares of Rockwell Automation by 2.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,503 shares of the industrial products company’s stock worth $893,000 after acquiring an additional 130 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Rockwell Automation in the 2nd quarter worth approximately $486,000. Vanguard Group Inc. lifted its holdings in shares of Rockwell Automation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock worth $1,420,278,000 after acquiring an additional 268,101 shares during the last quarter. FMR LLC lifted its holdings in shares of Rockwell Automation by 3.8% in the 2nd quarter. FMR LLC now owns 546,829 shares of the industrial products company’s stock worth $88,565,000 after acquiring an additional 20,033 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Rockwell Automation by 10.3% in the 2nd quarter. MML Investors Services LLC now owns 5,513 shares of the industrial products company’s stock worth $893,000 after acquiring an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 72.87% of the company’s stock.

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Rockwell Automation Company Profile

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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