Are Analysts Bullish about Rockwell Automation (NYSE:ROK) after last week?

September 28, 2017 - By Adrian Erickson

 Are Analysts Bullish about Rockwell Automation (NYSE:ROK) after last week?
Investors sentiment increased to 1.26 in 2017 Q2. Its up 0.04, from 1.22 in 2017Q1. It increased, as 34 investors sold Rockwell Automation shares while 190 reduced holdings. 74 funds opened positions while 209 raised stakes. 87.06 million shares or 0.70% more from 86.45 million shares in 2017Q1 were reported.
Moreover, Chevy Chase Trust Inc has 0.09% invested in Rockwell Automation (NYSE:ROK). 7,125 were accumulated by Suntrust Banks. Ameriprise Fin Inc has invested 0.09% in Rockwell Automation (NYSE:ROK). Mirae Asset Glob Invests Company Ltd, a Korea-based fund reported 17,461 shares. Ngam Advsr Lp holds 0.11% in Rockwell Automation (NYSE:ROK) or 60,849 shares. Westpac Banking invested 0% of its portfolio in Rockwell Automation (NYSE:ROK). Balyasny Asset Mgmt Ltd Liability owns 100,834 shares for 0.07% of their portfolio. Tiaa Cref Investment Ltd Liability owns 903,698 shares. 1St Source Comml Bank holds 0.06% or 4,029 shares in its portfolio. Cetera Advisor Network Lc reported 0.03% of its portfolio in Rockwell Automation (NYSE:ROK). Moreover, Allsquare Wealth Management Ltd Liability has 0% invested in Rockwell Automation (NYSE:ROK) for 12 shares. Mason Street Advisors Ltd Liability Corporation holds 0.07% or 17,881 shares in its portfolio. Puzo Michael J stated it has 1.28% of its portfolio in Rockwell Automation (NYSE:ROK). First Tru Advsrs L P holds 0.07% in Rockwell Automation (NYSE:ROK) or 171,243 shares. Pnc Serv Gp Inc invested in 0.03% or 195,208 shares.

Since May 2, 2017, it had 0 insider buys, and 14 selling transactions for $19.34 million activity. $68,288 worth of stock was sold by MCCORMICK WILLIAM T JR/WI on Monday, May 15. 3,000 shares were sold by Fooks Elik I, worth $477,113 on Monday, May 22. The insider Champa Kenneth M sold 5,000 shares worth $795,377. Another trade for 4,000 shares valued at $634,827 was sold by Kulaszewicz Frank C. Etzel Steven W. had sold 3,000 shares worth $475,635 on Monday, May 15. $2.97 million worth of Rockwell Automation (NYSE:ROK) was sold by CRANDALL THEODORE D on Tuesday, May 2.

Rockwell Automation (NYSE:ROK) Ratings Coverage

Among 25 analysts covering Rockwell Automation (NYSE:ROK), 4 have Buy rating, 3 Sell and 18 Hold. Therefore 16% are positive. Rockwell Automation had 47 analyst reports since September 9, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, August 23 by Credit Suisse. Credit Suisse maintained it with “Hold” rating and $155 target in Friday, April 28 report. The company was downgraded on Wednesday, November 11 by Credit Agricole. The stock of Rockwell Automation (NYSE:ROK) has “Buy” rating given on Friday, January 20 by Buckingham Research. Nomura initiated Rockwell Automation (NYSE:ROK) on Friday, September 18 with “Neutral” rating. The stock of Rockwell Automation (NYSE:ROK) has “Hold” rating given on Friday, August 18 by Oppenheimer. The stock of Rockwell Automation (NYSE:ROK) has “Hold” rating given on Wednesday, April 19 by Gabelli. As per Friday, March 31, the company rating was maintained by Credit Suisse. The firm earned “Sell” rating on Monday, October 3 by Berenberg. HSBC initiated the shares of ROK in report on Friday, October 7 with “Hold” rating. Below is a list of Rockwell Automation (NYSE:ROK) latest ratings and price target changes.

15/09/2017 Broker: Cowen & Co Rating: Hold New Target: $140.0 Maintain
23/08/2017 Broker: Credit Suisse Rating: Neutral Old Target: $155 New Target: $154 Maintain
18/08/2017 Broker: Oppenheimer Rating: Hold Maintain
27/07/2017 Broker: J.P. Morgan Rating: Hold New Target: $153.0000 Upgrade
27/07/2017 Broker: Oppenheimer Rating: Hold Maintain
27/07/2017 Broker: JP Morgan Old Rating: Underweight New Rating: Neutral Upgrade
19/07/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $167.0000 Maintain
11/07/2017 Broker: Wolfe Research Rating: Peer Perform Initiates Coverage On
10/07/2017 Broker: Credit Suisse Rating: Hold New Target: $155.0000
28/04/2017 Broker: Credit Suisse Rating: Hold New Target: $155.00 Maintain

About 148,201 shares traded. Rockwell Automation (NYSE:ROK) has risen 42.76% since September 28, 2016 and is uptrending. It has outperformed by 26.06% the S&P500.

Rockwell Automation, Inc. is a well-known provider of industrial automation power, control and information solutions for manufacturers. The company has market cap of $22.70 billion. The Firm operates through two divisions: Architecture & Software and Control Products & Solutions. It has a 28.5 P/E ratio. 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.

More notable recent Rockwell Automation (NYSE:ROK) news were published by: Nasdaq.com which released: “Rockwell Automation Hits 52-Week High: What’s Driving It?” on September 14, 2017, also Bizjournals.com with their article: “Rockwell Automation sees acquisitions as key for growth: CEO Blake Moret” published on September 14, 2017, Jsonline.com published: “Rockwell Automation names Blake Moret as new chairman” on September 07, 2017. More interesting news about Rockwell Automation (NYSE:ROK) were released by: Seekingalpha.com and their article: “Rockwell Automation’s (ROK) CEO Blake Moret Presents at Morgan Stanley 5th …” published on September 14, 2017 as well as Nasdaq.com‘s news article titled: “Why Is Rockwell Automation (ROK) Down 1.5% Since the Last Earnings Report?” with publication date: August 30, 2017.

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