Rockwell Automation (NYSE:ROK) Price Target Raised to $475.00

Rockwell Automation (NYSE:ROK) had its target price upped by Stephens from $425.00 to $475.00 in a report issued on Friday morning,MarketScreener reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other analysts have also recently issued reports on ROK. Argus raised Rockwell Automation to a “strong-buy” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rockwell Automation in a report on Monday, December 29th. Zacks Research lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Barclays boosted their price objective on shares of Rockwell Automation from $435.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group increased their target price on Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $410.12.

Rockwell Automation Price Performance

NYSE:ROK opened at $417.75 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. The company has a 50-day moving average of $399.62 and a 200-day moving average of $367.91. Rockwell Automation has a 52 week low of $215.00 and a 52 week high of $429.58. The company has a market capitalization of $46.90 billion, a price-to-earnings ratio of 54.54, a PEG ratio of 2.93 and a beta of 1.52.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.40. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities research analysts anticipate that Rockwell Automation will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th were paid a $1.38 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, November 17th. Rockwell Automation’s dividend payout ratio is currently 72.06%.

Insider Activity at Rockwell Automation

In related news, SVP Tessa M. Myers sold 1,020 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.07, for a total value of $410,111.40. Following the sale, the senior vice president owned 6,021 shares in the company, valued at approximately $2,420,863.47. This represents a 14.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 2,370 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $403.45, for a total transaction of $956,176.50. Following the completion of the transaction, the senior vice president directly owned 1,964 shares in the company, valued at approximately $792,375.80. This represents a 54.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 88,053 shares of company stock worth $34,718,919 in the last three months. 0.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 207,448 shares during the period. State Street Corp boosted its position in shares of Rockwell Automation by 0.9% during the 3rd quarter. State Street Corp now owns 4,793,425 shares of the industrial products company’s stock worth $1,675,446,000 after acquiring an additional 42,809 shares in the last quarter. Geode Capital Management LLC increased its stake 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 acquiring an additional 48,105 shares during the last quarter. Northern Trust Corp raised its position in Rockwell Automation by 3.6% during the third quarter. Northern Trust Corp now owns 1,423,449 shares of the industrial products company’s stock valued at $497,538,000 after purchasing an additional 49,477 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Rockwell Automation by 12.0% during the third quarter. Invesco Ltd. now owns 1,235,788 shares of the industrial products company’s stock worth $431,945,000 after purchasing an additional 132,637 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Company Profile

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.