Barclays Maintains Rockwell Automation to Equalweight with Price Target $118.00

Brokerage firm Barclays Maintains its rating on Rockwell Automation(NYSE:ROK). In a research note issued to the investors, the brokerage major Lowers the price-target to $118.00 per share. The shares have been rated Equalweight. The rating by Barclays was issued on Jul 28, 2016.

In a different note, FBR Capital said it Initiates Coverage on Rockwell Automation, according to a research note issued on May 11, 2016. The shares have been rated ‘Market Perform’ by the firm.

Rockwell Automation (ROK) made into the market gainers list on Thursdays trading session with the shares advancing 0.34% or 0.39 points. Due to strong positive momentum, the stock ended at $115.05, which is also near the day’s high of $116.47. The stock began the session at $114.58 and the volume stood at 6,34,961 shares. The 52-week high of the shares is $120.75 and the 52 week low is $87.525. The company has a current market capitalization of $14,987 M and it has 13,02,63,542 shares in outstanding.

Rockwell Automation has also declared a cash dividend of $0.7250 on Jun 8, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed on Aug 15, 2016. The dividend payable date has been fixed on Sep 12, 2016.

Rockwell Automation(ROK) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.47B. Analysts had an estimated revenue of $1.49B. Earnings per share were $1.55. Analysts had estimated an EPS of $1.47.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Douglas M Hagerman (Sr. VP, Gen Counsel and Sec.) sold 4,300 shares at $119.96 per share price.Also, On May 5, 2016, John M Miller (VP and Chief IP Counsel) sold 1,881 shares at $111.71 per share price.On Feb 26, 2016, Susan Schmitt (Sr. VP, HR) sold 1,500 shares at $104.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Rockwell Automation Inc. (Rockwell Automation) is a provider of industrial automation power control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software which deals in hardware software and communication components of the organization and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products application expertise and project management capabilities. In the United States Canada and certain other countries the Company sells primarily through the independent distributors in conjunction with its direct sales force. In the remaining countries the Company sells through a combination of its direct sales force.

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