Breaking: Is Rockwell Automation a Buy? The Stock Rises Again

Breaking: Is Rockwell Automation a Buy? The Stock Rises Again

The stock of Rockwell Automation (NYSE:ROK) is a huge mover today! About 875,587 shares traded hands. Rockwell Automation (NYSE:ROK) has risen 17.04% since April 28, 2016 and is uptrending. It has outperformed by 11.12% the S&P500.
The move comes after 6 months positive chart setup for the $17.96 billion company. It was reported on Dec, 1 by Barchart.com. We have $141.74 PT which if reached, will make NYSE:ROK worth $538.80M more.

Analysts await Rockwell Automation (NYSE:ROK) to report earnings on January, 25. They expect $1.43 EPS, down 4.03% or $0.06 from last year’s $1.49 per share. ROK’s profit will be $186.63 million for 24.06 P/E if the $1.43 EPS becomes a reality. After $1.52 actual EPS reported by Rockwell Automation for the previous quarter, Wall Street now forecasts -5.92% negative EPS growth.

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 stock of Rockwell Automation (NYSE:ROK) earned “Hold” rating by Gabelli on Thursday, April 21. The firm has “Hold” rating by HSBC given on Friday, October 7. The rating was initiated by Sterne Agee CRT with “Underperform” on Wednesday, September 9. The firm earned “Mkt Perform” rating on Friday, September 30 by Bernstein. CLSA downgraded Rockwell Automation (NYSE:ROK) on Wednesday, November 11 to “Underperform” rating. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, November 11 report. Barclays Capital upgraded Rockwell Automation (NYSE:ROK) rating on Monday, October 24. Barclays Capital has “Overweight” rating and $141 price target. Barclays Capital downgraded it to “Equal-Weight” rating and $91 target price in Monday, October 5 report. FBR Capital initiated it with “Market Perform” rating and $105 target price in Wednesday, May 11 report. The company was initiated on Thursday, January 21 by Citigroup.

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 1.05 in 2016 Q2. Its up 0.05, from 1 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.
Argentus Capital Mgmt Limited holds 0.1% or 2,120 shares in its portfolio. Principal Fincl Grp accumulated 0.03% or 195,662 shares. Pinnacle Associates Limited accumulated 3,713 shares or 0.01% of the stock. Moreover, Williams Jones & Assoc Ltd Limited Liability Company has 1.02% invested in Rockwell Automation (NYSE:ROK) for 192,434 shares. Springbok Capital Management Limited Company last reported 0% of its portfolio in the stock. Page Arthur B has 15,886 shares for 1.83% of their US portfolio. 1832 Asset Lp holds 0.02% of its portfolio in Rockwell Automation (NYSE:ROK) for 45,500 shares. Mariner Wealth Advsrs Lc holds 0.06% or 10,339 shares in its portfolio. Pnc Financial Service Inc reported 142,925 shares or 0.02% of all its holdings. Bluestein R H has 2,523 shares for 0.02% of their US portfolio. Dekabank Deutsche Girozentrale holds 34,002 shares or 0.04% of its portfolio. Jefferies Group Limited Liability Corporation has invested 0% of its portfolio in Rockwell Automation (NYSE:ROK). Tci Wealth owns 259 shares or 0.02% of their US portfolio. Aperio Grp Ltd Llc last reported 0.1% of its portfolio in the stock. Profund Advisors Limited Liability reported 3,790 shares or 0.02% of all its holdings.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 27 sales for $28.40 million net activity. CRANDALL THEODORE D sold 11,300 shares worth $1.42M. The insider Chand Sujeet sold $571,891. 9,433 Rockwell Automation (NYSE:ROK) shares with value of $1.24 million were sold by MILLER JOHN M. HAGERMAN DOUGLAS M sold $1.05M worth of Rockwell Automation (NYSE:ROK) on Friday, November 11. 2,000 Rockwell Automation (NYSE:ROK) shares with value of $250,924 were sold by Etzel Steven W.. Kulaszewicz Frank C sold $197,516 worth of stock or 1,500 shares. Shares for $763,647 were sold by DORGAN DAVID M.

Another recent and important Rockwell Automation (NYSE:ROK) news was published by Businesswire.com which published an article titled: “Rockwell Automation Invests $12M to Bring Science and Technology to Next …” on November 14, 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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