Today’s Price Action: What’s Rockwell Automation Upside After Today’s Significant Increase?

Today's Price Action: What's Rockwell Automation Upside After Today's Significant Increase?

The stock of Rockwell Automation (NYSE:ROK) is a huge mover today! The stock increased 4.46% or $5.22 during the last trading session, hitting $122.34. About 2.57 million shares traded hands or 294.58% up from the average. Rockwell Automation (NYSE:ROK) has risen 11.67% since February 26, 2016 and is uptrending. It has outperformed by 1.25% the S&P500.
The move comes after 5 months positive chart setup for the $15.75B company. It was reported on Oct, 1 by We have $190.85 PT which if reached, will make NYSE:ROK worth $8.82 billion more.

Analysts await Rockwell Automation (NYSE:ROK) to report earnings on November, 8. They expect $1.49 EPS, down 5.10% or $0.08 from last year’s $1.57 per share. ROK’s profit will be $191.82 million for 20.53 P/E if the $1.49 EPS becomes a reality. After $1.55 actual EPS reported by Rockwell Automation for the previous quarter, Wall Street now forecasts -3.87% negative EPS growth.

Rockwell Automation (NYSE:ROK) Ratings Coverage

Out of 12 analysts covering Rockwell Automation (NYSE:ROK), 2 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 17% are positive. Rockwell Automation has been the topic of 27 analyst reports since September 9, 2015 according to StockzIntelligence Inc. On Wednesday, November 11 the stock rating was maintained by Deutsche Bank with “Buy”. On Monday, October 5 the stock rating was downgraded by Robert W. Baird to “Neutral”. The stock has “Market Perform” rating given by FBR Capital on Wednesday, May 11. The stock of Rockwell Automation (NYSE:ROK) has “Neutral” rating given on Thursday, January 21 by Citigroup. The firm earned “Equal-Weight” rating on Monday, October 5 by Barclays Capital. Langenberg downgraded the shares of ROK in a report on Thursday, April 28 to “Hold” rating. The firm has “Underperform” rating given on Wednesday, November 11 by CLSA. The stock of Rockwell Automation (NYSE:ROK) earned “Underperform” rating by Bank of America on Thursday, October 29. Bernstein upgraded the shares of ROK in a report on Friday, September 30 to “Mkt Perform” rating. Sterne Agee CRT initiated Rockwell Automation (NYSE:ROK) on Wednesday, September 9 with “Underperform” rating.

According to Zacks Investment Research, “Rockwell Automation is a leading global provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The Company brings together leading brands in industrial automation for Complete Automation solutions, including Allen-Bradley controls and services, Dodge mechanical power transmission products, Reliance Electric motors and drives, and Rockwell Software factory management software.”

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.03, from 0.97 in 2016Q1. The ratio improved, as 36 funds sold all Rockwell Automation shares owned while 186 reduced positions. 41 funds bought stakes while 180 increased positions. They now own 89.69 million shares or 11.28% less from 101.09 million shares in 2016Q1.
Paradigm Asset Management Ltd Liability has invested 0% of its portfolio in Rockwell Automation (NYSE:ROK). America First Advsrs Lc has 0.08% invested in the company for 1,656 shares. United Bancorp holds 0.23% or 4,312 shares in its portfolio. Pictet Asset Management, a United Kingdom-based fund reported 421,694 shares. Williams Jones And Associates Limited Liability Corp holds 1.02% of its portfolio in Rockwell Automation (NYSE:ROK) for 192,434 shares. Blackhill Capital has invested 0.01% of its portfolio in Rockwell Automation (NYSE:ROK). Clearbridge Limited Liability Corp has 757,840 shares for 1.73% of their US portfolio. Oppenheimer Com Inc holds 9,806 shares or 0.03% of its portfolio. Hartford Inv Mgmt holds 32,285 shares or 0.08% of its portfolio. American Grp Inc holds 71,345 shares or 0% of its portfolio. The New York-based Wafra Investment Advisory Ny has invested 0.43% in Rockwell Automation (NYSE:ROK). Fisher Asset Mngmt Ltd Llc last reported 113,266 shares in the company. Orrstown has 502 shares for 0.06% of their US portfolio. The Tennessee-based Diversified has invested 0.04% in Rockwell Automation (NYSE:ROK). Moreover, Amalgamated Retail Bank has 0.07% invested in Rockwell Automation (NYSE:ROK) for 10,466 shares.

Insider Transactions: Since April 13, 2016, the stock had 0 insider buys, and 13 sales for $6.20 million net activity. Shares for $640,322 were sold by CRANDALL THEODORE D. Another trade for 686 shares valued at $77,587 was made by MCCORMICK WILLIAM T JR/WI on Tuesday, May 10. Shares for $1.09M were sold by Kulaszewicz Frank C. MILLER JOHN M sold $210,136 worth of Rockwell Automation (NYSE:ROK) on Thursday, May 5. The insider Parfet Donald R sold 4,674 shares worth $519,188. DORGAN DAVID M sold 2,200 shares worth $261,926. Chand Sujeet sold $571,891 worth of stock.

More important recent Rockwell Automation (NYSE:ROK) news were published by: which released: “Rockwell Automation (ROK) Stock Advancing, Bernstein Upgrades” on September 30, 2016, also published article titled: “Rockwell Automation Enters Oversold Territory”, published: “Rockwell Automation acquires Georgia firm” on September 12, 2016. More interesting news about Rockwell Automation (NYSE:ROK) was released by: and their article: “Rockwell Automation to Gain from New Products, Risks Stay” with publication date: September 15, 2016.

ROK Company Profile

Rockwell Automation, Inc. (Rockwell Automation), incorporated on August 29, 1996, is a well-known provider of industrial automation power, control and information solutions for manufacturers. The Firm operates through two divisions: Architecture & Software and Control Products & Solutions. In the United States, Canada and certain other countries the Company sells primarily through the independent distributors. In the remaining countries, the Company sells through a combination of direct sales and sales through distributors. The Firm sells large systems and service offerings through its direct sales force.

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