Analysts Set Rockwell Automation, Inc. (NYSE:ROK) Target Price at $449.16

Shares of Rockwell Automation, Inc. (NYSE:ROK) have been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $449.1579.

Several analysts have commented on ROK shares. TD Cowen lifted their price objective on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group lifted their price objective on shares of Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. Barclays lifted their price objective on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Robert W. Baird lowered their price objective on shares of Rockwell Automation from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th.

Insiders Place Their Bets

In other news, VP Scott Genereux sold 550 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $447.73, for a total value of $246,251.50. Following the sale, the vice president owned 2,764 shares of the company’s stock, valued at $1,237,525.72. The trade was a 16.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the sale, the vice president directly owned 5,615 shares in the company, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 12,308 shares of company stock valued at $5,339,812. Company insiders own 0.76% of the company’s stock.

Institutional Trading of Rockwell Automation

Several hedge funds and other institutional investors have recently modified their holdings of ROK. MV Capital Management Inc. bought a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $28,000. Manchester Capital Management LLC raised its position in shares of Rockwell Automation by 97.5% in the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 39 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Rockwell Automation in the first quarter valued at approximately $31,000. First Horizon Corp bought a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $32,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $33,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Up 1.1%

ROK opened at $451.57 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. The company’s 50-day moving average is $420.75 and its 200 day moving average is $404.88. Rockwell Automation has a fifty-two week low of $305.44 and a fifty-two week high of $468.11. The firm has a market capitalization of $50.25 billion, a P/E ratio of 46.94, a PEG ratio of 2.86 and a beta of 1.57.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm earned $2.45 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Research analysts expect that Rockwell Automation will post 13.01 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be given a $1.38 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.52 annualized dividend and a yield of 1.2%. Rockwell Automation’s payout ratio is currently 57.38%.

Rockwell Automation Company Profile

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.