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

Rockwell Automation (NYSE:ROK) had its price objective boosted by investment analysts at Barclays from $370.00 to $417.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price objective would suggest a potential upside of 11.44% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Oppenheimer restated an “outperform” rating and issued a $391.00 target price on shares of Rockwell Automation in a research note on Friday. JPMorgan Chase & Co. boosted their price target on Rockwell Automation from $320.00 to $357.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price target on shares of Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $353.39.

Rockwell Automation Stock Performance

Rockwell Automation stock traded up $1.71 during mid-day trading on Friday, reaching $374.21. 815,669 shares of the company traded hands, compared to its average volume of 898,588. The firm’s fifty day moving average is $349.11 and its two-hundred day moving average is $330.36. The company has a market capitalization of $42.07 billion, a price-to-earnings ratio of 44.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. Rockwell Automation has a fifty-two week low of $215.00 and a fifty-two week high of $396.89. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72.

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

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 365 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.44, for a total value of $127,180.60. Following the transaction, the vice president owned 1,691 shares in the company, valued at approximately $589,212.04. This trade represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction of $499,494.80. Following the sale, the senior vice president directly owned 3,787 shares of the company’s stock, 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 worth $10,661,109 in the last quarter. 0.68% of the stock is owned by insiders.

Institutional Trading of Rockwell Automation

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in Rockwell Automation by 468.8% in the third 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 period. Rexford Capital Inc. purchased a new position in Rockwell Automation during the second quarter worth about $33,000. SBI Securities Co. Ltd. increased its position in shares of Rockwell Automation by 48.7% during the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 38 shares during the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $39,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Rockwell Automation in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds 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.