Rockwell Automation (ROK) is Reiterated by Barclays to Equal Weight, Raises Price Target to $ 120

Rockwell Automation (ROK) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 120 from a previous price target of $104 . Barclays advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on Rockwell Automation. Rockwell Automation was Downgraded by Ladenburg Thalmann to ” Neutral” on Apr 28, 2016. Rockwell Automation was Downgraded by Gabelli & Co to ” Hold” on Apr 21, 2016.

On the company’s financial health, Rockwell Automation reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.34. The company had revenue of $1440.30 million for the quarter, compared to analysts expectations of $1401.18 million. The company’s revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.59 EPS.

Rockwell Automation closed down -0.23 points or -0.20% at $115.69 with 9,08,651 shares getting traded on Wednesday. Post opening the session at $114.54, the shares hit an intraday low of $112.5 and an intraday high of $116.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 14, 2016, Douglas M Hagerman (Sr. VP, Gen Counsel and Sec.) sold 1,800 shares at $115.11 per share price. According to the SEC, on Feb 26, 2016, Susan Schmitt (Sr. VP, HR) sold 1,500 shares at $104.61 per share price. On Dec 8, 2015, David M Dorgan (VP and Controller) sold 313 shares at $106.51 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.

Rockwell Automation

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