Rockwell Automation (NYSE:ROK) Stock Price Target Raised at Deutsche Bank Aktiengesellschaft

Rockwell Automation (NYSE:ROK) had its price target hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from $469.00 to $500.00 in a research note issued to investors on Wednesday. The firm presently has a “hold” rating on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 15.91% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Morgan Stanley boosted their target price on Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Robert W. Baird set a $514.00 price target on Rockwell Automation in a research note on Wednesday, August 5th. Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. DA Davidson lowered their price target on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. Finally, Citigroup dropped their price objective on Rockwell Automation from $555.00 to $536.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $469.82.

Rockwell Automation Trading Up 0.0%

Shares of NYSE:ROK opened at $431.37 on Wednesday. The firm has a fifty day moving average of $438.44 and a two-hundred day moving average of $432.49. The firm has a market capitalization of $47.90 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.51 and a beta of 1.52. Rockwell Automation has a 12-month low of $332.71 and a 12-month high of $497.36. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the business posted $2.82 earnings per share. Rockwell Automation’s revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, equities analysts expect that Rockwell Automation will post 13.24 EPS for the current fiscal year.

Rockwell Automation declared that its board has approved a stock buyback program on Tuesday, June 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 154 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $432.62, for a total value of $66,623.48. Following the completion of the sale, the vice president owned 1,858 shares of the company’s stock, valued at $803,807.96. The trade was a 7.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Patricia Watson sold 1,100 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the sale, the director owned 6,385 shares of the company’s stock, valued at approximately $2,754,680.55. This trade represents a 14.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,711 shares of company stock worth $1,164,880 over the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rockwell Automation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Rockwell Automation in the second quarter valued at approximately $6,129,376,000. State Street Corp grew its stake in Rockwell Automation by 5.3% in the 2nd quarter. State Street Corp now owns 5,323,990 shares of the industrial products company’s stock valued at $2,635,801,000 after buying an additional 265,978 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Rockwell Automation by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,104,985 shares of the industrial products company’s stock valued at $818,986,000 after buying an additional 24,719 shares during the last quarter. Amundi raised its holdings in Rockwell Automation by 13.5% in the 1st quarter. Amundi now owns 998,374 shares of the industrial products company’s stock worth $358,296,000 after acquiring an additional 118,474 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Rockwell Automation by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 981,885 shares of the industrial products company’s stock worth $352,379,000 after acquiring an additional 3,886 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

About Rockwell Automation

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

Its offerings include programmable logic controllers, industrial computers, motor control and drives, sensors, safety systems, human-machine interfaces, and other control and electrical products.