Rockwell Automation (NYSE:ROK) Price Target Raised to $380.00

Rockwell Automation (NYSE:ROK) had its price objective hoisted by Wells Fargo & Company from $355.00 to $380.00 in a research report released on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company’s stock.

Several other research analysts also recently commented on the company. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. Oppenheimer reaffirmed an “outperform” rating and set a $391.00 price objective on shares of Rockwell Automation in a research report on Friday. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Finally, Barclays upped their price target on shares of Rockwell Automation from $370.00 to $417.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $353.39.

Rockwell Automation Stock Up 4.0%

Shares of NYSE:ROK traded up $14.82 during midday trading on Friday, reaching $388.31. The company had a trading volume of 417,160 shares, compared to its average volume of 899,818. Rockwell Automation has a 1-year low of $215.00 and a 1-year high of $396.89. The stock has a market cap of $43.66 billion, a PE ratio of 45.57, a P/E/G ratio of 3.30 and a beta of 1.45. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average price is $349.71 and its 200 day moving average price is $332.71.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm posted $2.47 EPS. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Research analysts forecast that Rockwell Automation will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend is Monday, November 17th. Rockwell Automation’s payout ratio is presently 72.06%.

Insider Transactions at Rockwell Automation

In other news, Director James P. Keane sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the completion of the sale, the director owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. This represents a 24.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 365 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.44, for a total transaction of $127,180.60. Following the sale, the vice president owned 1,691 shares in the company, valued at $589,212.04. This represents a 17.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 30,375 shares of company stock worth $10,661,109. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Rockwell Automation

Several institutional investors and hedge funds have recently modified their holdings of ROK. Vanguard Group Inc. grew its position in Rockwell Automation by 1.5% in the second quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock valued at $4,669,781,000 after acquiring an additional 207,448 shares during the last quarter. Geode Capital Management LLC boosted its position in Rockwell Automation by 1.7% in the second quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock valued at $950,744,000 after buying an additional 48,105 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after buying an additional 191,370 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Rockwell Automation by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after buying an additional 9,920 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after buying an additional 30,837 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.