Experts Weigh in on Investment Potential of Rockwell Automation, Inc.

Rockwell Automation Stock

Stock Target Advisor has reported that Rockwell Automation, Inc. (ROK:NYE) has received a “Hold” rating from the twenty research firms that cover the stock. Of these, six have issued a buy rating, six have issued a hold rating, and four have given it a sell rating. Brokers’ average target price for Rockwell Automation stock in the past year has been $257.20.

 

Rockwell Automation Stock-Analyst Ratings:

The company has been the subject of various research analyst reports. In a report published on January 24th, Oppenheimer raised their price target on shares of Rockwell Automation from $278.00 to $290.00 and gave the stock an “outperform” rating.

Wells Fargo & Company, on the other hand, boosted their price target on the stock from $233.00 to $249.00 and gave the company an “underweight” rating in a research report on January 19th.

ROK Ratings by Stock Target Advisor

Insider Transactions:

There have also been recent insider transactions at Rockwell Automation. VP Scott Genereux sold 943 shares of the company’s stock in a transaction that occurred on February 2nd. The shares were sold at an average price of $286.05, for a total transaction of $269,745.15. Following the transaction, Genereux directly owns 3,876 shares of Rockwell Automation stock, valued at $1,108,729.80.

CFO Nicholas C. Gangestad sold 1,975 shares of the stock on March 2nd at an average price of $294.25, for a total transaction of $581,143.75. Following the sale, Gangestad now owns 7,757 shares in the company, valued at approximately $2,282,497.25.

 

Hedge Funds & Institutional Holdings:

Several hedge funds have recently modified their holdings of ROK. Raymond James Trust N.A. grew its holdings in shares of Rockwell Automation by 1.5% during the third quarter.

Rossmore Private Capital grew its stake in shares of Rockwell Automation by 1.4% during the same period. Institutional investors and hedge funds currently own 77.66% of the ROK stock.

 

Rockwell Automation Stock Analysis:

Rockwell Automation opened at $282.02 on Friday, with a 1-year low of $190.08 and a 1-year high of $309.36. Its fifty-day simple moving average is $286.88, and its two-hundred-day simple moving average is $261.11.

The company has a current ratio of 1.03, a quick ratio of 0.69, and a debt-to-equity ratio of 0.90. ROK stock has a market cap of $32.37 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 2.63, and a beta of 1.31.

ROK Ratings by Stock Target Advisor

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.

It serves discrete end markets, including automotive, semiconductor, and warehousing and logistics, as well as general industries comprising printing and publishing, marine, glass, fiber and textiles, airports, and aerospace; hybrid end markets, such as food and beverage, life sciences, household and personal care, and tire, as well as eco-industrial, including water/wastewater, waste management, mass transit, and renewable energy; and process end markets comprising oil and gas, mining, metals, chemicals, pulp and paper, and others. Rockwell Automation, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin.

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