Rockwell Automation (NYSE:ROK) Price Target Raised to $417.00

Rockwell Automation (NYSE:ROKFree Report) had its target price hoisted by JPMorgan Chase & Co. from $404.00 to $417.00 in a research report report published on Wednesday morning, MarketBeat.com reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other equities analysts have also recently weighed in on the stock. Weiss Ratings raised shares of Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Zacks Research cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Rothschild & Co Redburn lifted their price target on shares of Rockwell Automation from $335.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Barclays lifted their price target on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Evercore lifted their price target on shares of Rockwell Automation from $440.00 to $480.00 in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $438.70.

Check Out Our Latest Research Report on ROK

Rockwell Automation Price Performance

ROK opened at $453.17 on Wednesday. The company has a fifty day moving average price of $386.73 and a two-hundred day moving average price of $392.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.80 and a current ratio of 1.09. Rockwell Automation has a 52 week low of $290.14 and a 52 week high of $463.48. The firm has a market capitalization of $50.42 billion, a PE ratio of 47.11, a P/E/G ratio of 2.87 and a beta of 1.56.

Rockwell Automation (NYSE:ROKGet Free Report) last released its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business earned $2.45 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, analysts anticipate that Rockwell Automation will post 13.02 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, May 18th. Rockwell Automation’s payout ratio is currently 57.38%.

Insiders Place Their Bets

In related news, SVP Cyril Perducat sold 198 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $395.00, for a total value of $78,210.00. Following the sale, the senior vice president directly owned 6,241 shares of the company’s stock, valued at approximately $2,465,195. The trade was a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Terry L. Riesterer sold 4,024 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the sale, the vice president directly owned 134 shares in the company, valued at $60,563.98. This represents a 96.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 59,087 shares of company stock worth $24,296,483 in the last ninety days. 0.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Rockwell Automation

Several institutional investors have recently added to or reduced their stakes in ROK. MV Capital Management Inc. bought a new stake in Rockwell Automation in the 4th quarter valued at $28,000. Manchester Capital Management LLC lifted its position in Rockwell Automation by 97.5% in the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 39 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Rockwell Automation in the 1st quarter valued at $31,000. First Horizon Corp bought a new stake in Rockwell Automation in the 4th quarter valued at $32,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in Rockwell Automation in the 4th quarter valued at $33,000. 75.75% of the stock is owned by institutional investors.

Rockwell Automation News Roundup

Here are the key news stories impacting Rockwell Automation this week:

About Rockwell Automation

(Get Free Report)

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.

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Analyst Recommendations for Rockwell Automation (NYSE:ROK)

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