Brokerages Set Rockwell Automation, Inc. (NYSE:ROK) Target Price at $469.14

Rockwell Automation, Inc. (NYSE:ROK) has received an average recommendation of “Hold” from the twenty-one analysts that are covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $469.1429.

ROK has been the topic of several recent analyst reports. Evercore set a $485.00 target price on Rockwell Automation in a report on Wednesday, August 5th. Argus boosted their price objective on Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. DA Davidson decreased their target price on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Sanford C. Bernstein raised their target price on Rockwell Automation from $501.00 to $514.00 and gave the company a “market perform” rating in a research note on Friday, August 14th. Finally, Citigroup cut their price target on Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a report on Wednesday, August 5th.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $418.92 on Friday. The firm has a market capitalization of $46.52 billion, a P/E ratio of 39.26, a P/E/G ratio of 2.50 and a beta of 1.52. The stock has a fifty day moving average price of $447.36 and a two-hundred day moving average price of $429.75. Rockwell Automation has a 52-week low of $332.71 and a 52-week high of $497.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.38 by $0.11. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, analysts anticipate that Rockwell Automation will post 13.23 EPS for the current fiscal year.

Rockwell Automation declared that its Board of Directors has authorized a share buyback program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 467 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $426.96, for a total transaction of $199,390.32. Following the transaction, the senior vice president owned 1,267 shares of the company’s stock, valued at approximately $540,958.32. This represents a 26.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia A. Watson sold 1,100 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares in the company, valued at $2,754,680.55. The trade was a 14.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,711 shares of company stock valued at $1,164,880 over the last ninety days. Company insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Rockwell Automation

Several large investors have recently made changes to their positions in the company. Virtus Advisers LLC bought a new stake in Rockwell Automation during the second quarter worth about $25,000. MV Capital Management Inc. bought a new position in Rockwell Automation in the fourth quarter valued at approximately $28,000. Manchester Capital Management LLC grew its stake in 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 in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Rockwell Automation during the 1st quarter worth approximately $31,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.