Notable Runner: How Analysts Feel About Rockwell Automation After Achieving All-Time High?

Notable Runner: How Analysts Feel About Rockwell Automation After Achieving All Time High?

The stock of Rockwell Automation (NYSE:ROK) reached all time high today, Dec, 1 and still has $141.70 target or 3.00% above today’s $137.57 share price. This indicates more upside for the $17.96B company. This technical setup was reported by Barchart.com. If the $141.70 PT is reached, the company will be worth $538.80 million 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 362,924 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.

Analysts await Rockwell Automation (NYSE:ROK) to report earnings on January, 25. They expect $1.43 earnings per share, down 4.03% or $0.06 from last year’s $1.49 per share. ROK’s profit will be $186.64 million for 24.04 P/E if the $1.43 EPS becomes a reality. After $1.52 actual earnings per share 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 firm earned “Hold” rating on Thursday, April 21 by Gabelli. The firm has “Hold” rating given on Friday, October 7 by HSBC. On Friday, September 18 the stock rating was initiated by Nomura with “Neutral”. The firm has “Underperform” rating by Bernstein given on Thursday, January 28. The rating was initiated by Berenberg on Monday, October 3 with “Sell”. FBR Capital initiated the stock with “Market Perform” rating in Wednesday, May 11 report. The rating was maintained by with “Neutral” on Monday, October 10. The rating was downgraded by Credit Agricole on Wednesday, November 11 to “Underperform”. Citigroup maintained Rockwell Automation (NYSE:ROK) on Tuesday, April 19 with “Neutral” rating. As per Monday, October 5, the company rating was downgraded by Barclays Capital.

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 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.
Columbia L L C Invest Management owns 7,986 shares or 0.07% of their US portfolio. Great Lakes Limited Co has 0.01% invested in the company for 2,405 shares. Alecta Pensionsforsakring Omsesidigt holds 3.35% or 2.98 million shares in its portfolio. Deprince Race Zollo Inc last reported 0.61% of its portfolio in the stock. Livforsakringsbolaget Skandia Omsesidigt accumulated 14,734 shares or 0.07% of the stock. Rhumbline Advisers has 0.08% invested in the company for 232,073 shares. Page Arthur B has 1.83% invested in the company for 15,886 shares. Schooner Inv Gp Ltd Company accumulated 0.42% or 1,500 shares. Ls Investment Advsrs Ltd accumulated 0.05% or 6,183 shares. Swedbank holds 1.8% of its portfolio in Rockwell Automation (NYSE:ROK) for 1.85M shares. Marketfield Asset Mgmt holds 0.5% or 99,210 shares in its portfolio. Mizuho Tru & Banking Limited last reported 208,846 shares in the company. Regentatlantic Cap Ltd Com holds 0.02% of its portfolio in Rockwell Automation (NYSE:ROK) for 1,806 shares. Louisiana State Employees Retirement, a Louisiana-based fund reported 8,500 shares. State Treasurer State Of Michigan reported 45,290 shares or 0.04% of all its holdings.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 27 sales for $28.40 million net activity. Etzel Steven W. sold $279,268 worth of stock. Another trade for 1,500 shares valued at $197,516 was made by Kulaszewicz Frank C on Wednesday, November 23. HAGERMAN DOUGLAS M sold 9,066 shares worth $1.17 million. Another trade for 455 shares valued at $60,367 was sold by MCCORMICK WILLIAM T JR/WI. CRANDALL THEODORE D also sold $1.47M worth of Rockwell Automation (NYSE:ROK) shares. Shares for $2.32 million were sold by Schmitt Susan on Thursday, November 10. The insider NOSBUSCH KEITH D sold $6.63 million.

More news for Rockwell Automation (NYSE:ROK) were recently published by: Businesswire.com, which released: “Rockwell Automation Invests $12M to Bring Science and Technology to Next …” on November 14, 2016. Jsonline.com‘s article titled: “Rockwell Automation predicts annual sales increase” and published on November 07, 2016 is yet another important article.

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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