Morgan Stanley Issues Positive Forecast for Rockwell Automation (NYSE:ROK) Stock Price

Rockwell Automation (NYSE:ROK) had its target price hoisted by research analysts at Morgan Stanley from $385.00 to $435.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s price target would indicate a potential upside of 11.23% from the stock’s current price.

Several other analysts have also recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday. KeyCorp lifted their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Rockwell Automation from $320.00 to $357.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $358.39.

Rockwell Automation Stock Up 4.7%

Rockwell Automation stock traded up $17.60 during mid-day trading on Monday, reaching $391.09. 587,484 shares of the company’s stock were exchanged, compared to its average volume of 900,523. The company has a market cap of $43.97 billion, a P/E ratio of 45.90, 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 twelve month low of $215.00 and a twelve month high of $396.89. The company has a fifty day moving average of $349.71 and a 200-day moving average of $332.71.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the firm earned $2.47 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Sell-side analysts expect that Rockwell Automation will post 9.35 EPS for the current year.

Insider Buying and Selling

In related news, Director James P. Keane sold 3,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 9,192 shares in the company, valued at $3,272,903.52. This represents a 24.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cyril Perducat sold 1,435 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the sale, the senior vice president directly owned 3,787 shares in the company, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,375 shares of company stock valued at $10,661,109 in the last ninety days. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Rockwell Automation in the second quarter worth about $368,575,000. Holocene Advisors LP increased its position in shares of Rockwell Automation by 128.9% during the second quarter. Holocene Advisors LP now owns 866,992 shares of the industrial products company’s stock worth $287,989,000 after acquiring an additional 488,262 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Rockwell Automation by 122.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 819,708 shares of the industrial products company’s stock valued at $286,522,000 after acquiring an additional 451,038 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Rockwell Automation by 720.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock worth $132,638,000 after purchasing an additional 350,662 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its stake in Rockwell Automation by 7,730.3% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 354,792 shares of the industrial products company’s stock valued at $117,851,000 after buying an additional 350,261 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

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.