Rockwell Automation (NYSE:ROK) Price Target Raised to $380.00 at Wells Fargo & Company

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

Several other brokerages have also recently commented on ROK. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. Barclays upped their price target on shares of Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup restated a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. KeyCorp upped their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Oppenheimer reissued an “outperform” rating and set a $391.00 price target on shares of Rockwell Automation in a research note on Friday. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.39.

Rockwell Automation Price Performance

Shares of NYSE:ROK traded up $1.17 during trading on Friday, reaching $373.67. The stock had a trading volume of 1,509,296 shares, compared to its average volume of 902,185. Rockwell Automation has a 52 week low of $215.00 and a 52 week high of $396.89. The business’s 50-day moving average price is $349.71 and its 200 day moving average price is $331.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a market capitalization of $42.01 billion, a PE ratio of 43.86, a P/E/G ratio of 3.30 and a beta of 1.45.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, topping 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 business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company earned $2.47 EPS. Rockwell Automation’s revenue for the quarter was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities analysts predict that Rockwell Automation will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, November 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is presently 64.79%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction of $499,494.80. Following the completion of the sale, the senior vice president owned 3,787 shares in the company, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $350.13, for a total value of $8,543,172.00. Following the completion of the transaction, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $29,366,453.49. This trade represents a 22.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,375 shares of company stock valued at $10,661,109 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Rockwell Automation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROK. Financial Gravity Asset Management Inc. bought a new position in Rockwell Automation during the first quarter worth about $31,000. IMA Advisory Services Inc. acquired a new stake in shares of Rockwell Automation in the 1st quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Rockwell Automation by 468.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares during the last quarter. Rexford Capital Inc. bought a new position in Rockwell Automation during the 2nd quarter worth approximately $33,000. Finally, Legend Financial Advisors Inc. acquired a new position in Rockwell Automation during the second quarter valued at approximately $39,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Company Profile

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.