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

Rockwell Automation (NYSE:ROK) had its price target hoisted by Bank of America from $410.00 to $430.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Other research analysts have also recently issued reports about the stock. KeyCorp boosted their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Wells Fargo & Company boosted their price objective on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Barclays lifted their target price on shares of Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Weiss Ratings cut shares of Rockwell Automation from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rockwell Automation has a consensus rating of “Moderate Buy” and an average target price of $366.00.

Rockwell Automation Stock Down 0.9%

ROK stock opened at $369.29 on Thursday. The stock has a market cap of $41.46 billion, a P/E ratio of 43.34, a P/E/G ratio of 3.30 and a beta of 1.45. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $356.36 and its two-hundred day simple moving average is $339.68. Rockwell Automation has a 1-year low of $215.00 and a 1-year high of $398.20.

Rockwell Automation (NYSE:ROK) last released its 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. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Analysts expect that Rockwell Automation will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be paid a dividend of $1.38 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. Rockwell Automation’s dividend payout ratio is presently 72.06%.

Insiders Place Their Bets

In related news, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction on Friday, August 29th. The stock was 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 of the company’s stock, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 61,700 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $391.56, for a total value of $24,159,252.00. Following the completion of the sale, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $32,841,311.88. The trade was a 42.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 92,075 shares of company stock worth $34,820,361. 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 bought and sold shares of ROK. Brighton Jones LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at $281,000. CWM LLC increased its stake in Rockwell Automation by 3.7% in the first quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock valued at $608,000 after acquiring an additional 84 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in Rockwell Automation by 41.9% in the first quarter. Kestra Private Wealth Services LLC now owns 1,776 shares of the industrial products company’s stock valued at $459,000 after acquiring an additional 524 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Rockwell Automation by 128.7% during the first quarter. J.W. Cole Advisors Inc. now owns 4,382 shares of the industrial products company’s stock valued at $1,132,000 after purchasing an additional 2,466 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Rockwell Automation by 2.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 8,729 shares of the industrial products company’s stock worth $2,255,000 after purchasing an additional 209 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

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.