Rockwell Automation (NYSE:ROK) Upgraded to Buy by Zacks Investment Research

Marco Green
April 17, 2018

A number of other research firms also recently commented on ROK. (NASDAQ:IBKR) has risen 93.22% since April 13, 2017 and is uptrending. It has outperformed by 34.94% the S&P500.

Analysts await Rockwell Automation Inc.

Among 29 analysts covering Rockwell Automation (NYSE:ROK), 5 have Buy rating, 3 Sell and 21 Hold.

Pillar Pacific Capital Management Llc decreased Kroger Co (The) (NYSE:KR) stake by 22,592 shares to 73,461 valued at $2.02 million in 2017Q4. MetLife Investment Advisors LLC bought a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $7,807,000. The stock decreased 0.51% or $0.89 during the last trading session, reaching $173.08. About 17,509 shares traded.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, January 24th. It has outperformed by 1.77% the S&P500. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Therefore 25% are positive. The firm has "Buy" rating given on Thursday, February 15 by Jefferies. The stock has "Buy" rating by Brean Capital on Thursday, November 19. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 17 with "Hold". (NASDAQ:SEIC) to report earnings on April, 18. The company has a consensus rating of "Hold" and a consensus target price of $189.58. The firm has "Buy" rating given on Wednesday, September 2 by M Partners. The rating was maintained by SunTrust on Thursday, March 1 with "Hold".

Investors sentiment increased to 1.25 in 2017 Q4. Its up 0.06, from 1.02 in 2017Q3. Following the completion of the transaction, the vice president now owns 12,853 shares in the company, valued at approximately $2,601,575.73. Sei Invs accumulated 38,110 shares. Price T Rowe Inc Md holds 39,162 shares. Boston Family Office Limited Liability Co reported 1.68% stake. Kulaszewicz Frank C had sold 43,100 shares worth $7.66 million. (NASDAQ:IBKR) for 7,097 shares. Rockwell Automation Inc (Put) now has $22.09 billion valuation. Lazard Asset Management LLC now owns 2,629,619 shares of the industrial products company's stock valued at $516,325,000 after purchasing an additional 141,253 shares during the period. S&T National Bank Pa owns 1,800 shares for 0.06% of their portfolio. Northwestern Mutual Wealth Communications holds 102 shares. Citigroup holds 0.01% in Cincinnati Financial Corporation (NASDAQ:CINF) or 212,140 shares. They expect $0.73 EPS, up 2.82% or $0.02 from last year's $0.71 per share. ROK's profit will be $230.01M for 24.01 P/E if the $1.80 EPS becomes a reality. After $0.69 actual EPS reported by Amerisafe, Inc. for the previous quarter, Wall Street now forecasts 5.80% EPS growth. This's net activity of $29.43 million. (NASDAQ:IBKR) shares with value of $550,049 were sold by Brody Paul Jonathan. Fooks Elik I sold 5,000 shares worth $932,501.

According to Zacks, "Backed by improving global macroeconomic conditions and strong order performance, Rockwell Automation anticipates sales growth of 5-8% for fiscal 2018". The stock of Rockwell Automation Inc.

ROK traded down $1.09 during trading on Friday, hitting $172.88.

In related news, Director Keith D. Nosbusch sold 10,500 shares of Rockwell Automation stock in a transaction dated Friday, January 26th. (NYSE:ROK) earned "Underperform" rating by Bernstein on Thursday, January 28. Another trade for 145 shares valued at $27,893 was sold by Goris Patrick P. On Monday, February 26 MCDERMOTT JOHN P sold $385,187 worth of Rockwell Automation Inc. Azimuth Capital Management Llc sold 4,106 shares as the company's stock declined 10.98% with the market.

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.27, from 0.9 in 2017Q3. American International Group Inc. increased its holdings in shares of Rockwell Automation by 7.9% during the fourth quarter. 187 grew stakes while 95 funds amassed stakes. Earnest Prtnrs Limited Liability Corporation accumulated 0% or 71 shares. Handelsbanken Fonder AB owned approximately 0.08% of Rockwell Automation worth $20,008,000 at the end of the most recent quarter.

Citigroup Inc, which manages about $124.75B US Long portfolio, decreased its stake in Minerals Technologies Inc (NYSE:MTX) by 6,346 shares to 949 shares, valued at $65,000 in 2017Q4, according to the filing. Lloyds Bk Group Incorporated Public Limited Com holds 889 shares or 1.61% of its portfolio. 17,366 are held by Polar Cap Llp. Mirae Asset Glob Limited holds 24,657 shares or 0.02% of its portfolio. ValuEngine lowered shares of Rockwell Automation from a "buy" rating to a "hold" rating in a research report on Friday, December 1st. Canada Pension Plan Investment Board has invested 0.1% in Rockwell Automation Inc. Park National Corp OH boosted its stake in shares of Rockwell Automation by 0.5% in the third quarter. (NYSE:ROK) on Friday, December 8. Meeder Asset Mngmt Inc has invested 0.09% in Rockwell Automation Inc. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 14,531 shares or 0.01% of all its holdings. Meiji Yasuda Asset Mngmt owns 1,710 shares.

Oakbrook Investments Llc decreased Rockwell Automation (ROK) stake by 13.59% reported in 2017Q4 SEC filing. Therefore 17% are positive. Rockwell Automation had 69 analyst reports since September 9, 2015 according to SRatingsIntel. Finally, Daiwa Capital Markets initiated coverage on shares of Rockwell Automation in a research report on Wednesday, December 20th. (NYSE:ROK) on Friday, August 18 with "Hold" rating. The company was upgraded on Wednesday, March 28 by Wells Fargo. Finally, Zacks Investment Research upgraded Rockwell Automation from a "hold" rating to a "buy" rating and set a $224.00 target price for the company in a report on Monday, January 29th. On Thursday, January 25 the firm earned "Neutral" rating by JP Morgan. Wells Fargo & Company MN boosted its position in shares of Rockwell Automation by 5.5% in the 4th quarter. The stock now has an average rating of "Hold" and an average price target of $189.58. The firm has "Sector Perform" rating by RBC Capital Markets given on Thursday, April 28. The stock has "Underperform" rating by Credit Agricole on Wednesday, November 11.

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