Rockwell Automation Incorporated (
ROK) pushed the Industrial industry lower today making it today's featured Industrial loser. The industry as a whole closed the day down 0.2%. By the end of trading, Rockwell Automation Incorporated fell $1.78 (-2.8%) to $61.52 on heavy volume. Throughout the day, 2.4 million shares of Rockwell Automation Incorporated exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $61.20-$62.79 after having opened the day at $62.74 as compared to the previous trading day's close of $63.30. Other company's within the Industrial industry that declined today were:
China Valves Technology (
CVVT), down 9.4%,
China BAK Battery (
CBAK), down 6%,
Servotronics (
SVT), down 5%, and
Cleantech Solutions International (
CLNT), down 4.5%.
Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture and Software, and Control Products and Solutions. Rockwell Automation Incorporated has a market cap of $9.03 billion and is part of the
industrial goods sector. The company has a P/E ratio of 12.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 13.7% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Rockwell Automation Incorporated a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Rockwell Automation Incorporated as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
On the positive front,
Hallwood Group (
HWG), up 5.4%,
Proto Labs (
PRLB), up 5.3%,
Coleman Cable (
CCIX), up 4.3%, and
Manitowoc (
MTW), up 4%, were all gainers within the industrial industry with
Cummins (
CMI) being today's featured industrial industry winner.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average (
DIA) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials (
SIJ).
