Rockwell Automation Inc. (NYSE:ROK) Enters Overbought Range

Remigio Civitarese
Ottobre 13, 2017

Citigroup Inc. reaffirmed their neutral rating on shares of Rockwell Automation, Inc. Bp Public Limited Liability Company reported 0.12% in Rockwell Automation (NYSE:ROK). Credit Suisse Group now has a $174.00 target price on the industrial products company's stock, up from their prior target price of $154.00.

Additionally Rockwell Automation, Inc. declared a dividend for shareholders paid on Monday September 11th, 2017. Rockwell Automation Inc. now has an average analyst recommendation of 3.00 according to analysts. The stock of Rockwell Automation (NYSE:ROK) earned "Hold" rating by Oppenheimer on Friday, August 18. $130.56's average target is -29.37% below currents $184.85 stock price.

Analysts await Rockwell Automation (NYSE:ROK) to report earnings on November, 6. HSBC initiated the stock with "Hold" rating in Friday, October 7 report. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $163.43.

TRADEMARK VIOLATION NOTICE: "Wealthsource Partners LLC Sells 1,025 Shares of Rockwell Automation, Inc".

About 134,712 shares traded.

Company shares are trading at $184.83 which is just over the 50 day moving average which is $172.21 and significantly higher than the 200 day moving average of $162.97. Rockwell Automation, Inc. has a 12-month low of $115.36 and a 12-month high of $186.28. The firm owned 3,694 shares of the industrial products company's stock after selling 1,025 shares during the quarter.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.64 by $0.12. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Rockwell Automation (NYSE:ROK) has risen 42.76% since October 12, 2016 and is uptrending. During the same period in the prior year, the company posted $1.55 earnings per share. During the same period in the previous year, the company posted $1.55 EPS. Rockwell Automation Inc now has $23.59 billion valuation. Moreover, Tokio Marine Asset Company Limited has 0.04% invested in Rockwell Automation (NYSE:ROK). If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of USA & worldwide copyright & trademark legislation. The correct version of this piece of content can be accessed at The stock was sold at an average price of $170.06, for a total value of $293,013.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Blake D. Moret sold 5,677 shares of the firm's stock in a transaction that occurred on Wednesday, September 13th. An RSI above 70 is an overbought indication with RSI's under 30 indicating oversold.

A number of institutional investors have recently bought and sold shares of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,825 shares of company stock valued at $10,917,484. The VP now owns $1,048,893 of the stock according to the SEC filing.

Several large investors have recently added to or reduced their stakes in the stock. The shares were sold on August 16th for an average price of $165.05. Amica Retiree Med invested in 1,010 shares or 0.13% of the stock. The North Star Asset Management Inc holds 18,893 shares with $3.06M value, down from 25,195 last quarter. Another trade for 4,900 shares valued at $779,100 was made by Kulaszewicz Frank C on Monday, May 22. Clarkston Capital Partners LLC acquired a new position in shares of Rockwell Automation in the second quarter worth approximately $206,000. United Svcs Automobile Association stated it has 0.09% of its portfolio in Rockwell Automation (NYSE:ROK). Twin Cap Mgmt invested 0.18% of its portfolio in Rockwell Automation (NYSE:ROK). Westside Investment Management Inc. now owns 1,666 shares of the industrial products company's stock worth $274,000 after purchasing an additional 9 shares in the last quarter.

Want to see what other hedge funds are holding ROK?

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company's integrated control and information architecture capable of controlling the customer's industrial processes and connecting with their manufacturing enterprise.

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