Stock of the Day: Rockwell Automation on Focus After Trading At 52-Week Highs

Stock of the Day: Rockwell Automation on Focus After Trading At 52 Week Highs

The stock of Rockwell Automation (NYSE:ROK) hit a new 52-week high and has $149.54 target or 9.00% above today’s $137.19 share price. The 7 months bullish chart indicates low risk for the $17.91 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $149.54 price target is reached, the company will be worth $1.61 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.60% or $3.48 during the last trading session, hitting $137.19. About 2.04M shares traded hands or 77.39% up from the average. Rockwell Automation (NYSE:ROK) has risen 17.04% since April 28, 2016 and is uptrending. It has outperformed by 11.12% the S&P500.

Analysts await Rockwell Automation (NYSE:ROK) to report earnings on January, 25. They expect $1.43 EPS, down 4.03% or $0.06 from last year’s $1.49 per share. ROK’s profit will be $186.68M for 23.98 P/E if the $1.43 EPS becomes a reality. After $1.52 actual EPS reported by Rockwell Automation for the previous quarter, Wall Street now forecasts -5.92% negative EPS growth.

Rockwell Automation (NYSE:ROK) Ratings Coverage

Out of 16 analysts covering Rockwell Automation (NYSE:ROK), 3 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 19% are positive. Rockwell Automation has been the topic of 31 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The rating was upgraded by Bernstein on Friday, September 30 to “Mkt Perform”. The firm earned “Neutral” rating on Tuesday, April 19 by Citigroup. On Wednesday, November 11 the stock rating was downgraded by Credit Agricole to “Underperform”. The firm has “Neutral” rating given on Monday, October 10 by . The firm has “Neutral” rating by Robert W. Baird given on Monday, October 5. The rating was downgraded by Barclays Capital on Monday, October 5 to “Equal-Weight”. The stock has “Underperform” rating given by Bank of America on Thursday, October 29. On Friday, October 7 the stock rating was initiated by HSBC with “Hold”. The stock has “Hold” rating given by Gabelli on Thursday, April 21. The firm has “Overweight” rating by Barclays Capital given on Monday, October 24.

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 1.05 in Q2 2016. Its up 0.05, from 1 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.
Fuller & Thaler Asset Management has 900 shares for 0% of their US portfolio. Tcw Grp holds 0.01% or 16,274 shares in its portfolio. Peak6 Invests Limited Partnership accumulated 0.01% or 10,902 shares. Quest Invest Or, a Oregon-based fund reported 2,235 shares. Gabelli Funds Ltd Liability Corporation holds 0.34% of its portfolio in Rockwell Automation (NYSE:ROK) for 500,400 shares. Cap Global Investors last reported 0.02% of its portfolio in the stock. Patten has 0% invested in the company for 47 shares. Moreover, Burney has 0.02% invested in Rockwell Automation (NYSE:ROK) for 2,282 shares. Bowen Hanes Comm Incorporated holds 0.03% or 4,575 shares in its portfolio. Peoples Fin Services Corporation has 50 shares for 0% of their US portfolio. Ladenburg Thalmann Svcs has invested 0.02% of its portfolio in Rockwell Automation (NYSE:ROK). Signaturefd has 0% invested in the company for 281 shares. Swiss Commercial Bank reported 368,336 shares or 0.07% of all its holdings. Blackrock Institutional Tru Na, a California-based fund reported 3.37 million shares. Wellington Mgmt Llp, a Massachusetts-based fund reported 597,448 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 27 selling transactions for $28.40 million net activity. Kulaszewicz Frank C had sold 1,500 shares worth $197,516. Another trade for 9,066 shares valued at $1.17M was sold by HAGERMAN DOUGLAS M. DORGAN DAVID M also sold $261,926 worth of Rockwell Automation (NYSE:ROK) shares. MCCORMICK WILLIAM T JR/WI had sold 686 shares worth $80,279 on Friday, August 5. On Friday, November 11 the insider CRANDALL THEODORE D sold $1.47M. Etzel Steven W. had sold 2,000 shares worth $250,924 on Friday, October 21. On Monday, August 15 the insider Chand Sujeet sold $571,891.

Another recent and important Rockwell Automation (NYSE:ROK) news was published by Businesswire.com which published an article titled: “Rockwell Automation Invests $12M to Bring Science and Technology to Next …” on November 14, 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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