Rockwell Automation (NYSE:ROK) Given New $430.00 Price Target at Bank of America

Rockwell Automation (NYSE:ROK) had its price objective increased by research analysts at Bank of America from $410.00 to $430.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Bank of America‘s target price would suggest a potential upside of 15.49% from the stock’s current price.

A number of other brokerages have also weighed in on ROK. Morgan Stanley raised their price target on shares of Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Weiss Ratings downgraded Rockwell Automation from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, November 13th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Finally, Wells Fargo & Company boosted their price objective on Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $366.00.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $372.34 on Thursday. The stock has a 50-day simple moving average of $355.99 and a 200 day simple moving average of $339.48. The stock has a market capitalization of $41.80 billion, a price-to-earnings ratio of 43.70, 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. Rockwell Automation has a 12-month low of $215.00 and a 12-month high of $398.20.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company posted $2.47 EPS. The company’s quarterly revenue 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. On average, research analysts anticipate that Rockwell Automation will post 9.35 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James P. Keane sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the completion of the transaction, the director directly owned 9,192 shares in the company, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Isaac Woods sold 365 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.44, for a total transaction of $127,180.60. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 92,075 shares of company stock valued at $34,820,361. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Rockwell Automation

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in shares of Rockwell Automation by 5.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,641 shares of the industrial products company’s stock valued at $1,273,000 after buying an additional 183 shares in the last quarter. Danske Bank A S bought a new stake in shares of Rockwell Automation in the third quarter worth about $26,013,000. Copley Financial Group Inc. bought a new stake in shares of Rockwell Automation in the third quarter worth about $405,000. Morningstar Investment Management LLC acquired a new stake in shares of Rockwell Automation during the third quarter worth about $4,199,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Rockwell Automation by 41.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,601 shares of the industrial products company’s stock valued at $1,608,000 after purchasing an additional 1,358 shares in the last quarter. 75.75% of the stock is 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.