Rockwell Automation (NYSE:ROK) Given New $337.00 Price Target at Wells Fargo & Company

Rockwell Automation (NYSE:ROK) had its price objective upped by Wells Fargo & Company from $315.00 to $337.00 in a research report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

A number of other analysts have also recently issued reports on ROK. Morgan Stanley increased their target price on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Oppenheimer increased their price objective on shares of Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group initiated coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective on the stock. Robert W. Baird increased their target price on Rockwell Automation from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. cut their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Three 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $307.55.

Rockwell Automation Trading Up 0.5 %

ROK opened at $303.99 on Tuesday. The firm’s fifty day moving average is $285.82 and its two-hundred day moving average is $275.28. The firm has a market cap of $34.36 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 2.89 and a beta of 1.35. Rockwell Automation has a twelve month low of $242.81 and a twelve month high of $308.70. 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 issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Equities research analysts anticipate that Rockwell Automation will post 9.32 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a $1.31 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.72%. Rockwell Automation’s payout ratio is 65.26%.

Insider Buying and Selling

In other Rockwell Automation news, VP Scott Genereux sold 278 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the sale, the vice president now owns 3,184 shares of the company’s stock, valued at $961,695.36. This trade represents a 8.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isaac Woods sold 895 shares of the company’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 owns 1,198 shares in the company, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,857 shares of company stock worth $10,678,037. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Rockwell Automation

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gladstone Institutional Advisory LLC boosted its holdings in shares of Rockwell Automation by 33.2% during the third quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 343 shares during the period. MCF Advisors LLC boosted its stake in Rockwell Automation by 95.8% in the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock valued at $667,000 after purchasing an additional 1,141 shares during the period. Ameritas Advisory Services LLC grew its holdings in Rockwell Automation by 99.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock valued at $1,482,000 after buying an additional 2,582 shares in the last quarter. GSA Capital Partners LLP bought a new position in Rockwell Automation during the 3rd quarter worth $912,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Rockwell Automation by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock worth $9,184,000 after buying an additional 1,928 shares in the last quarter. 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.