0.41 % to Target, Credit Suisse Keeps ‘”Underperform”’ Rating on Rockwell Automation (NYSE:ROK) Shares Today

November 9, 2018 - By Bridget Boland

Rockwell Automation Inc. (NYSE:ROK) Logo

Investors sentiment decreased to 0.97 in 2018 Q2. Its down 0.06, from 1.03 in 2018Q1. It fall, as 44 investors sold Rockwell Automation Inc. shares while 228 reduced holdings. 77 funds opened positions while 188 raised stakes. 85.83 million shares or 2.72% more from 83.56 million shares in 2018Q1 were reported.

Bluestein R H accumulated 0.02% or 2,023 shares. 15 are held by Moneta Grp Invest Advisors Ltd Llc. Archford Cap Strategies Ltd has 0.12% invested in Rockwell Automation Inc. (NYSE:ROK). Fiera Cap owns 21,188 shares. Cwm Ltd Limited Liability Company accumulated 0.01% or 2,207 shares. Benjamin F Edwards, a Missouri-based fund reported 1,188 shares. Janney Capital Management Ltd Liability Corp holds 3,331 shares or 0.02% of its portfolio. Brown Advisory has 28,878 shares for 0.01% of their portfolio. Kentucky Retirement Systems owns 5,332 shares. Of Vermont invested in 898 shares. Manchester Cap Mgmt Limited Company has invested 0.01% in Rockwell Automation Inc. (NYSE:ROK). Wellington Management Grp Llp has 1.59M shares for 0.06% of their portfolio. Meeder Asset Management accumulated 3,396 shares. Meiji Yasuda Asset Management Limited, a Japan-based fund reported 6,115 shares. Caprock Gp has invested 0.08% of its portfolio in Rockwell Automation Inc. (NYSE:ROK).

Since May 18, 2018, it had 0 insider purchases, and 4 insider sales for $2.98 million activity. $787,596 worth of Rockwell Automation Inc. (NYSE:ROK) was sold by Schmitt Susan on Friday, August 24. On Tuesday, July 31 the insider CRANDALL THEODORE D sold $1.04 million. 1,400 shares valued at $262,752 were sold by Etzel Steven W. on Tuesday, July 31.

Rockwell Automation (NYSE:ROK) Rating Reaffirmed

Credit Suisse now has a $173 TP on the $21.22 billion market cap company or 0.41 % upside potential. In an analyst report sent to investors on Thursday morning, Rockwell Automation (NYSE:ROK) shares have had their “Underperform” Rating maintained by research professionals at Credit Suisse.

Rockwell Automation Inc. (NYSE:ROK) Ratings Coverage

Among 5 analysts covering Rockwell Automation (NYSE:ROK), 1 have Buy rating, 4 Sell and 0 Hold. Therefore 20% are positive. Rockwell Automation has $205 highest and $150 lowest target. $176.40’s average target is 2.38% above currents $172.3 stock price. Rockwell Automation had 6 analyst reports since July 16, 2018 according to SRatingsIntel. Morgan Stanley reinitiated the shares of ROK in report on Tuesday, August 21 with “Underweight” rating. On Monday, October 15 the stock rating was downgraded by Cowen & Co to “Underperform”. The firm has “Sell” rating by Goldman Sachs given on Monday, July 16. The rating was maintained by UBS on Thursday, August 30 with “Buy”. Morgan Stanley maintained Rockwell Automation Inc. (NYSE:ROK) on Friday, July 27 with “Equal-Weight” rating.

The stock decreased 3.20% or $5.7 during the last trading session, reaching $172.3. About 1.39 million shares traded or 31.42% up from the average. Rockwell Automation Inc. (NYSE:ROK) has risen 9.60% since November 9, 2017 and is uptrending. It has underperformed by 6.02% the S&P500.

Rockwell Automation Inc. provides industrial automation and information solutions worldwide. The company has market cap of $21.22 billion. It operates in two divisions, Architecture & Software; and Control Products & Solutions. It has a 56.14 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 important recent Rockwell Automation Inc. (NYSE:ROK) news were published by: Benzinga.com which released: “Earnings Scheduled For November 7, 2018” on November 07, 2018, also Seekingalpha.com published article titled: “Rockwell Automation declares $0.97 dividend”, Businesswire.com published: “Rockwell Automation Reports Fourth Quarter and Full Year 2018 Results” on November 07, 2018. More interesting news about Rockwell Automation Inc. (NYSE:ROK) was released by: Streetinsider.com and their article: “Rockwell Automation (ROK) Tops Q4 EPS by 9c, Revenues Miss; Provides FY19 EPS Outlook” with publication date: November 07, 2018.

Rockwell Automation Inc. (NYSE:ROK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.