Analyst at Wells Fargo Reconfirmed Rockwell Automation Inc (NYSE:ROK)Stock Rating as a ‘Hold’

January 22, 2018 - By Linda Rogers

 Analyst at Wells Fargo Reconfirmed Rockwell Automation Inc (NYSE:ROK)Stock Rating as a ‘Hold’

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.24, from 1.26 in 2017Q2. It turned negative, as 42 investors sold Rockwell Automation Inc. shares while 210 reduced holdings. 56 funds opened positions while 201 raised stakes. 86.14 million shares or 1.05% less from 87.06 million shares in 2017Q2 were reported.

Glg Ltd Liability Corp has 0.57% invested in Rockwell Automation Inc. (NYSE:ROK). First Mercantile Tru Commerce reported 2,024 shares. Middleton Inc Ma holds 0.07% of its portfolio in Rockwell Automation Inc. (NYSE:ROK) for 2,311 shares. Alexandria Cap Ltd Llc reported 0% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Deutsche Retail Bank Ag reported 661,636 shares. Natl Planning Corporation holds 2,083 shares or 0.08% of its portfolio. Steinberg Asset Mngmt Limited Co stated it has 0.08% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Sigma Planning, Michigan-based fund reported 3,349 shares. Strategic Glob Advsrs Limited Co owns 28,980 shares. Raymond James Associates accumulated 0.02% or 51,043 shares. Paragon Limited stated it has 1,734 shares or 0.12% of all its holdings. State Of Wisconsin Invest Board owns 113,449 shares. 2,326 are owned by Associated Banc. Walleye Trading Limited Liability Corp holds 387 shares. Andra Ap owns 31,100 shares.

Since July 31, 2017, it had 0 buys, and 12 sales for $12.77 million activity. $3.13 million worth of Rockwell Automation Inc. (NYSE:ROK) shares were sold by CRANDALL THEODORE D. Chand Sujeet also sold $1.57M worth of Rockwell Automation Inc. (NYSE:ROK) shares. 3,000 shares were sold by Fooks Elik I, worth $496,092. Moret Blake D. sold $511,120 worth of stock. The insider Kulaszewicz Frank C sold 8,000 shares worth $1.33 million. Shares for $301,808 were sold by MILLER JOHN M on Wednesday, August 2.

Rockwell Automation Inc (NYSE:ROK) Rating Reaffirmed

Rockwell Automation Inc (NYSE:ROK) has had their stock rating reaffirmed as a solid Hold by professional analysts at Wells Fargo. This was revealed to investors in a report on Tuesday morning.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.24, from 1.26 in 2017Q2. It turned negative, as 42 investors sold Rockwell Automation Inc. shares while 210 reduced holdings. 56 funds opened positions while 201 raised stakes. 86.14 million shares or 1.05% less from 87.06 million shares in 2017Q2 were reported.

Glg Ltd Liability Corp has 0.57% invested in Rockwell Automation Inc. (NYSE:ROK). First Mercantile Tru Commerce reported 2,024 shares. Middleton Inc Ma holds 0.07% of its portfolio in Rockwell Automation Inc. (NYSE:ROK) for 2,311 shares. Alexandria Cap Ltd Llc reported 0% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Deutsche Retail Bank Ag reported 661,636 shares. Natl Planning Corporation holds 2,083 shares or 0.08% of its portfolio. Steinberg Asset Mngmt Limited Co stated it has 0.08% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Sigma Planning, Michigan-based fund reported 3,349 shares. Strategic Glob Advsrs Limited Co owns 28,980 shares. Raymond James Associates accumulated 0.02% or 51,043 shares. Paragon Limited stated it has 1,734 shares or 0.12% of all its holdings. State Of Wisconsin Invest Board owns 113,449 shares. 2,326 are owned by Associated Banc. Walleye Trading Limited Liability Corp holds 387 shares. Andra Ap owns 31,100 shares.

Since July 31, 2017, it had 0 buys, and 12 sales for $12.77 million activity. $3.13 million worth of Rockwell Automation Inc. (NYSE:ROK) shares were sold by CRANDALL THEODORE D. Chand Sujeet also sold $1.57M worth of Rockwell Automation Inc. (NYSE:ROK) shares. 3,000 shares were sold by Fooks Elik I, worth $496,092. Moret Blake D. sold $511,120 worth of stock. The insider Kulaszewicz Frank C sold 8,000 shares worth $1.33 million. Shares for $301,808 were sold by MILLER JOHN M on Wednesday, August 2.

Rockwell Automation Inc. (NYSE:ROK) Ratings Coverage

Among 28 analysts covering Rockwell Automation (NYSE:ROK), 4 have Buy rating, 3 Sell and 21 Hold. Therefore 14% are positive. Rockwell Automation has $200 highest and $85 lowest target. $144.10’s average target is -29.19% below currents $203.51 stock price. Rockwell Automation had 57 analyst reports since September 9, 2015 according to SRatingsIntel. The rating was downgraded by Langenberg on Thursday, April 28 to “Hold”. The company was downgraded on Thursday, April 21 by Gabelli. The stock of Rockwell Automation Inc. (NYSE:ROK) has “Sell” rating given on Monday, October 3 by Berenberg. The firm has “Hold” rating given on Friday, October 7 by HSBC. The stock of Rockwell Automation Inc. (NYSE:ROK) earned “Neutral” rating by Citigroup on Monday, October 9. The firm earned “Underperform” rating on Thursday, October 29 by Bank of America. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, July 19. The firm has “Buy” rating given on Friday, January 20 by Buckingham Research. CLSA downgraded the shares of ROK in report on Wednesday, November 11 to “Underperform” rating. The stock of Rockwell Automation Inc. (NYSE:ROK) has “Neutral” rating given on Monday, November 13 by Robert W. Baird.

The stock decreased 0.75% or $1.54 during the last trading session, reaching $203.51. About 1.02 million shares traded or 20.66% up from the average. Rockwell Automation Inc. (NYSE:ROK) has risen 42.76% since January 22, 2017 and is uptrending. It has outperformed by 26.06% the S&P500.

Analysts await Rockwell Automation Inc. (NYSE:ROK) to report earnings on January, 24. They expect $1.73 EPS, down 1.14 % or $0.02 from last year’s $1.75 per share. ROK’s profit will be $222.12 million for 29.41 P/E if the $1.73 EPS becomes a reality. After $1.69 actual EPS reported by Rockwell Automation Inc. for the previous quarter, Wall Street now forecasts 2.37 % EPS growth.

Rockwell Automation Inc. provides industrial automation and information solutions worldwide. The company has market cap of $26.13 billion. It operates in two divisions, Architecture & Software; and Control Products & Solutions. It has a 32.05 P/E ratio. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

More recent Rockwell Automation Inc. (NYSE:ROK) news were published by: Businesswire.com which released: “Rockwell Automation to Report Fiscal 2018 First Quarter Results” on January 10, 2018. Also Businesswire.com published the news titled: “Global Programmable Logic Controllers Market, 2021 – Key profiles of Rockwell …” on January 05, 2018. Crainscleveland.com‘s news article titled: “Texas group snatches up ailing Rockwell building” with publication date: January 07, 2018 was also an interesting one.

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