Bernstein Upgrades Rockwell Automation to Market Perform

Brokerage firm Bernstein Upgrades its rating on Rockwell Automation(NYSE:ROK). The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by Bernstein was issued on Sep 30, 2016.

In a different note, On Jul 28, 2016, Barclays said it Maintains its rating on Rockwell Automation. In the research note, the firm Lowers the price-target to $120.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 28, 2016, Citigroup said it Maintains its rating on Rockwell Automation. In the research note, the firm Lowers the price-target to $120.00 per share. The shares have been rated ‘Neutral’ by the firm.

Rockwell Automation (ROK) shares turned negative on Tuesdays trading session with the shares closing down -1.38 points or -1.14% at a volume of 9,58,103. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $123.48. The peak price level was also seen at $123.48 while the days lowest was $119.01. Finally the shares closed at $119.19. The 52-week high of the shares is $123.48 while the 52-week low is $87.525. According to the latest information available, the market cap of the company is $15,423 M.

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 Aug 29, 2016, Douglas M Hagerman (Sr. VP, Gen Counsel and Sec.) sold 1,400 shares at $119.17 per share price.Also, On Aug 24, 2016, David M Dorgan (VP and Controller) sold 2,200 shares at $119.06 per share price.On Aug 16, 2016, Sujeet Chand (Sr VP & Chief Tech. Officer) sold 4,800 shares at $119.14 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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