Notable Mover: How Analysts Feel About Rockwell Automation After Touching 52-Week High?

Notable Mover: How Analysts Feel About Rockwell Automation After Touching 52 Week High?

The stock of Rockwell Automation (NYSE:ROK) hit a new 52-week high and has $178.82 target or 40.00% above today’s $127.73 share price. The 8 months bullish chart indicates low risk for the $16.63 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $178.82 price target is reached, the company will be worth $6.65B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 479,658 shares traded hands. Rockwell Automation (NYSE:ROK) has risen 12.66% since April 7, 2016 and is uptrending. It has outperformed by 7.88% the S&P500.

Rockwell Automation (NYSE:ROK) Ratings Coverage

Out of 16 analysts covering Rockwell Automation (NYSE:ROK), 3 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 19% are positive. Rockwell Automation has been the topic of 31 analyst reports since September 9, 2015 according to StockzIntelligence Inc. Bernstein upgraded the stock to “Mkt Perform” rating in Friday, September 30 report. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, October 5. Sterne Agee CRT initiated Rockwell Automation (NYSE:ROK) on Wednesday, September 9 with “Underperform” rating. The company was downgraded on Wednesday, November 11 by Credit Agricole. The rating was initiated by Nomura with “Neutral” on Friday, September 18. The firm has “Hold” rating by Langenberg given on Thursday, April 28. The company was downgraded on Monday, October 5 by Robert W. Baird. The company was maintained on Monday, October 10 by . The stock of Rockwell Automation (NYSE:ROK) earned “Overweight” rating by Barclays Capital on Monday, October 24. The firm earned “Hold” rating on Thursday, April 21 by Gabelli.

According to Zacks Investment Research, “Rockwell Automation is a leading global provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The Company brings together leading brands in industrial automation for Complete Automation solutions, including Allen-Bradley controls and services, Dodge mechanical power transmission products, Reliance Electric motors and drives, and Rockwell Software factory management software.”

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.03, from 0.97 in 2016Q1. The ratio improved, as 36 funds sold all Rockwell Automation shares owned while 186 reduced positions. 41 funds bought stakes while 180 increased positions. They now own 89.69 million shares or 11.28% less from 101.09 million shares in 2016Q1.
Banque Pictet Cie Sa has 0.04% invested in the company for 12,400 shares. Manchester Capital Management Llc holds 550 shares or 0.01% of its portfolio. Mitsubishi Ufj Trust And Banking Corp holds 0.07% of its portfolio in Rockwell Automation (NYSE:ROK) for 272,673 shares. Mechanics Savings Bank Trust Department owns 1,947 shares or 0.08% of their US portfolio. Bartlett Limited Co has 0.01% invested in the company for 1,100 shares. Capital Rech Global Invsts last reported 450,000 shares in the company. Pggm Invests accumulated 716,358 shares or 0.42% of the stock. Tokio Marine Asset has 0.04% invested in the company for 3,571 shares. The Connecticut-based Timber Hill Lc has invested 0.01% in Rockwell Automation (NYSE:ROK). Guardian Life Com Of America accumulated 489 shares or 0% of the stock. Wells Fargo And Mn holds 0.05% or 1.02M shares in its portfolio. Bowen Hanes And Inc holds 0.03% or 4,575 shares in its portfolio. Moreover, Baltimore has 1.79% invested in Rockwell Automation (NYSE:ROK) for 52,438 shares. Westpac Bk Corporation, a Australia-based fund reported 7,411 shares. Murphy Mgmt holds 0.16% of its portfolio in Rockwell Automation (NYSE:ROK) for 9,095 shares.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 12 sales for $6.18 million net activity. 686 shares with value of $80,279 were sold by MCCORMICK WILLIAM T JR/WI on Friday, August 5. 5,404 shares were sold by CRANDALL THEODORE D, worth $640,322 on Wednesday, August 10. Kulaszewicz Frank C sold $1.09 million worth of stock. Chand Sujeet had sold 4,800 shares worth $571,891. Etzel Steven W. also sold $218,768 worth of Rockwell Automation (NYSE:ROK) shares. HAGERMAN DOUGLAS M sold $799,605 worth of Rockwell Automation (NYSE:ROK) on Monday, June 6. On Thursday, May 19 Parfet Donald R sold $519,188 worth of the stock or 4,674 shares.

More notable recent Rockwell Automation (NYSE:ROK) news were published by: Cnbc.com which released: “Rockwell Automation expects first annual rise in sales in three years” on November 07, 2016, also Benzinga.com with their article: “Investors Like Rockwell Automation Q4 Results” published on November 07, 2016, Reuters.com published: “BRIEF-Rockwell Automation Q4 adjusted earnings $1.52/shr” on November 07, 2016. More interesting news about Rockwell Automation (NYSE:ROK) were released by: Bloomberg.com and their article: “Rockwell Automation Jumps Most Since February on Takeover Report” published on October 21, 2016 as well as Nasdaq.com‘s news article titled: “Rockwell Automation (ROK) Q4 Earnings: What’s in the Cards?” with publication date: November 03, 2016.

ROK Company Profile

Rockwell Automation, Inc. (Rockwell Automation), incorporated on August 29, 1996, is a well-known provider of industrial automation power, control and information solutions for manufacturers. The Firm operates through two divisions: Architecture & Software and Control Products & Solutions. In the United States, Canada and certain other countries the Company sells primarily through the independent distributors. In the remaining countries, the Company sells through a combination of direct sales and sales through distributors. The Firm sells large systems and service offerings through its direct sales force.

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