Breaking: What’s Rockwell Automation Upside After Achieving All-Time High?

Breaking: What's Rockwell Automation Upside After Achieving All Time High?

The stock of Rockwell Automation (NYSE:ROK) reached all time high today, Nov, 10 and still has $217.66 target or 68.00% above today’s $129.56 share price. This indicates more upside for the $17.01B company. This technical setup was reported by Barchart.com. If the $217.66 PT is reached, the company will be worth $11.57 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 363,858 shares traded hands. Rockwell Automation (NYSE:ROK) has risen 13.78% since April 8, 2016 and is uptrending. It has outperformed by 8.13% 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. The company was downgraded on Thursday, April 21 by Gabelli. The firm has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The company was downgraded on Thursday, January 28 by Bernstein. The firm has “Overweight” rating given on Monday, October 24 by Barclays Capital. As per Thursday, October 29, the company rating was downgraded by Bank of America. The firm earned “Neutral” rating on Monday, October 5 by Robert W. Baird. As per Thursday, April 28, the company rating was downgraded by Langenberg. CLSA downgraded the stock to “Underperform” rating in Wednesday, November 11 report. The company was initiated on Thursday, January 21 by Citigroup. Nomura initiated Rockwell Automation (NYSE:ROK) on Friday, September 18 with “Neutral” rating.

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 is positive, 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.
Hengehold Cap Mngmt Lc has invested 0.08% of its portfolio in Rockwell Automation (NYSE:ROK). Sii Invs Incorporated Wi reported 8,577 shares or 0.08% of all its holdings. National Bank holds 0.04% or 22,136 shares in its portfolio. Markston Intll Ltd Com reported 66,941 shares or 0.72% of all its holdings. Bb&T Corporation holds 0.02% of its portfolio in Rockwell Automation (NYSE:ROK) for 10,261 shares. Reliance Trust Of Delaware last reported 0.11% of its portfolio in the stock. Kbc Group Nv last reported 0.03% of its portfolio in the stock. Columbia L L C Invest Mgmt last reported 7,986 shares in the company. Bnp Paribas Investment Prtnrs holds 0.02% of its portfolio in Rockwell Automation (NYSE:ROK) for 25,092 shares. Moreover, Timber Hill Ltd Liability Corp has 0.01% invested in Rockwell Automation (NYSE:ROK) for 10,621 shares. Teacher Retirement Of Texas, a Texas-based fund reported 81,424 shares. Assetmark has invested 0% of its portfolio in Rockwell Automation (NYSE:ROK). Baystate Wealth Ltd Com last reported 0.08% of its portfolio in the stock. Sg Americas Secs Limited Co reported 2,181 shares or 0% of all its holdings. Great Lakes Advisors Ltd Liability Company holds 2,405 shares or 0.01% of its portfolio.

Insider Transactions: Since May 19, 2016, the stock had 0 insider buys, and 12 selling transactions for $6.18 million net activity. Shares for $799,605 were sold by HAGERMAN DOUGLAS M. $519,188 worth of Rockwell Automation (NYSE:ROK) shares were sold by Parfet Donald R. 5,404 shares were sold by CRANDALL THEODORE D, worth $640,322 on Wednesday, August 10. $250,924 worth of Rockwell Automation (NYSE:ROK) was sold by Etzel Steven W.. Shares for $80,279 were sold by MCCORMICK WILLIAM T JR/WI. Chand Sujeet sold $571,891 worth of stock or 4,800 shares. 9,267 shares were sold by Kulaszewicz Frank C, worth $1.09M.

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 Bloomberg.com with their article: “Rockwell Automation Jumps Most Since February on Takeover Report” published on October 21, 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: Reuters.com and their article: “BRIEF-Rockwell Automation says expects restructuring actions to generate g…” published on November 07, 2016 as well as Fool.com‘s news article titled: “Is Rockwell Automation Stock Still a Good Value?” with publication date: October 11, 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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