What’s Ahead for Rockwell Automation (ROK) After Reaching 52-Week High?

September 17, 2017 - By Ellis Scott

Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.23, from 1.05 in 2016Q3. It is negative, as 38 investors sold Rockwell Automation shares while 225 reduced holdings. 61 funds opened positions while 155 raised stakes. 84.72 million shares or 1.24% less from 85.78 million shares in 2016Q3 were reported.
Blackrock Fund Advsrs holds 0.06% or 2.42M shares in its portfolio. Midas Management Corporation accumulated 10,300 shares. Cap Advsrs Ltd Limited Liability Company has 1,660 shares for 0.02% of their portfolio. Evercore Wealth Mngmt Limited Liability Com invested in 0% or 214 shares. 5,144 were accumulated by Ls Inv Ltd Liability Corp. Moreover, Janney Mgmt Lc has 0.03% invested in Rockwell Automation (NYSE:ROK). Renaissance Grp Inc Ltd Com has 235,253 shares for 1.28% of their portfolio. Tocqueville Asset Mngmt Lp accumulated 0.05% or 29,800 shares. Tokio Marine Asset invested 0.04% of its portfolio in Rockwell Automation (NYSE:ROK). Dimensional Fund L P reported 0.03% in Rockwell Automation (NYSE:ROK). Voya Inv Limited Co holds 0.03% or 84,830 shares in its portfolio. Cornerstone has invested 0.02% in Rockwell Automation (NYSE:ROK). Benedict Financial accumulated 6,013 shares or 0.47% of the stock. Shell Asset, Netherlands-based fund reported 84,550 shares. Lodestar Investment Counsel Ltd Limited Liability Company Il has 0.89% invested in Rockwell Automation (NYSE:ROK) for 49,152 shares.

Since May 2, 2017, it had 0 insider purchases, and 14 sales for $19.34 million activity. On Friday, May 5 NOSBUSCH KEITH D sold $1.56M worth of Rockwell Automation (NYSE:ROK) or 10,000 shares. MCCORMICK WILLIAM T JR/WI sold $68,288 worth of stock. $2.97 million worth of Rockwell Automation (NYSE:ROK) shares were sold by CRANDALL THEODORE D. Shares for $477,113 were sold by Fooks Elik I on Monday, May 22. Another trade for 4,000 shares valued at $634,827 was made by Kulaszewicz Frank C on Wednesday, May 24. Shares for $1.52M were sold by Chand Sujeet. 3,000 shares were sold by Etzel Steven W., worth $475,635.

The stock of Rockwell Automation (NYSE:ROK) hit a new 52-week high and has $180.68 target or 4.00 % above today’s $173.73 share price. The 7 months bullish chart indicates low risk for the $22.30 billion company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $180.68 price target is reached, the company will be worth $892.00M 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 0.92% or $1.58 on September 15, reaching $173.73. About 1.02 million shares traded or 72.91% up from the average. Rockwell Automation (NYSE:ROK) has risen 42.76% since September 17, 2016 and is uptrending. It has outperformed by 26.06% the S&P500.

Investors wait Rockwell Automation (NYSE:ROK) to report on November, 6. its quarterly earnings Wall Street analysts expect $1.71 EPS, up $0.19 or 12.50 % from last year’s $1.52 same quarter earnings. This translates into $219.50M profit for ROK giving the stock a 25.40 P/E. This is assuming the current $1.71 EPS is accurate. Rockwell Automation’s Wall Street analysts see -2.84 % negative EPS growth, taking into account the $1.76 EPS reproted in the previous quarter,

Rockwell Automation (NYSE:ROK) Ratings Coverage

Among 24 analysts covering Rockwell Automation (NYSE:ROK), 4 have Buy rating, 3 Sell and 17 Hold. Therefore 17% are positive. Rockwell Automation had 46 analyst reports since September 9, 2015 according to SRatingsIntel. As per Friday, April 28, the company rating was maintained by Credit Suisse. The company was maintained on Friday, March 31 by Credit Suisse. Deutsche Bank maintained Rockwell Automation (NYSE:ROK) rating on Wednesday, November 11. Deutsche Bank has “Buy” rating and $110 target. The firm earned “Sell” rating on Friday, January 27 by Gabelli. The firm earned “Mkt Perform” rating on Friday, September 30 by Bernstein. The stock of Rockwell Automation (NYSE:ROK) has “Neutral” rating given on Friday, September 18 by Nomura. The firm has “Underperform” rating given on Thursday, October 29 by Bank of America. J.P. Morgan upgraded Rockwell Automation (NYSE:ROK) rating on Thursday, July 27. J.P. Morgan has “Hold” rating and $15300 target. FBR Capital initiated Rockwell Automation (NYSE:ROK) rating on Wednesday, May 11. FBR Capital has “Market Perform” rating and $105 target. The rating was upgraded by Gabelli to “Hold” on Wednesday, April 19.

More notable recent Rockwell Automation (NYSE:ROK) news were published by: Bizjournals.com which released: “Rockwell Automation sees acquisitions as key for growth: CEO Blake Moret” on September 14, 2017, also Seekingalpha.com with their article: “Rockwell Automation’s (ROK) CEO Blake Moret Presents at Morgan Stanley 5th …” published on September 14, 2017, Nasdaq.com published: “Rockwell Automation Hits 52-Week High: What’s Driving It?” on September 14, 2017. More interesting news about Rockwell Automation (NYSE:ROK) were released by: Barrons.com and their article: “Rockwell Automation: Falling Behind?” published on August 23, 2017 as well as Businesswire.com‘s news article titled: “Rockwell Automation to Present at Morgan Stanley Conference” with publication date: September 06, 2017.

Rockwell Automation, Inc. is a well-known provider of industrial automation power, control and information solutions for manufacturers. The company has market cap of $22.30 billion. The Firm operates through two divisions: Architecture & Software and Control Products & Solutions. It has a 28 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.

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