Rockwell Automation (NYSE:ROK) Given New $360.00 Price Target at Wells Fargo & Company

Rockwell Automation (NYSE:ROK) had its price objective dropped by investment analysts at Wells Fargo & Company from $410.00 to $360.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 2.57% from the company’s previous close.

Several other analysts also recently commented on the stock. The Goldman Sachs Group raised shares of Rockwell Automation from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $329.00 to $448.00 in a report on Tuesday, December 16th. Oppenheimer cut Rockwell Automation from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 20th. Citigroup upped their target price on Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Weiss Ratings upgraded Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Finally, Argus upgraded Rockwell Automation to a “strong-buy” rating in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $409.44.

Rockwell Automation Stock Performance

Rockwell Automation stock traded up $10.61 during midday trading on Wednesday, reaching $369.49. 325,332 shares of the company’s stock were exchanged, compared to its average volume of 1,006,088. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 1.16. The stock’s 50-day simple moving average is $390.65 and its 200 day simple moving average is $382.00. The firm has a market cap of $41.52 billion, a price-to-earnings ratio of 42.26, a P/E/G ratio of 2.49 and a beta of 1.53. Rockwell Automation has a 52 week low of $215.00 and a 52 week high of $438.72.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.29. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. On average, analysts expect that Rockwell Automation will post 9.35 earnings per share for the current fiscal year.

Insider Activity at Rockwell Automation

In other news, VP Isaac Woods sold 1,271 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $405.69, for a total transaction of $515,631.99. Following the transaction, the vice president directly owned 1,687 shares of the company’s stock, valued at approximately $684,399.03. This trade represents a 42.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 17,407 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $404.61, for a total value of $7,043,046.27. Following the completion of the sale, the vice president owned 3,314 shares of the company’s stock, valued at approximately $1,340,877.54. This trade represents a 84.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 49,228 shares of company stock valued at $19,992,391. 0.76% of the stock is currently owned by company insiders.

Institutional Trading of Rockwell Automation

Several large investors have recently modified their holdings of the stock. MV Capital Management Inc. bought a new stake in Rockwell Automation during the fourth quarter worth about $28,000. Manchester Capital Management LLC increased its holdings in Rockwell Automation by 97.5% in the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after buying an additional 39 shares during the period. First Horizon Corp acquired a new position in shares of Rockwell Automation in the 4th quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Rockwell Automation in the 4th quarter valued at approximately $33,000. Finally, TD Capital Management LLC bought a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $33,000. 75.75% of the stock is owned by institutional investors and hedge funds.

About Rockwell Automation

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.