Rockwell Automation (NYSE:ROK) Earns Hold Rating from Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Rockwell Automation (NYSE:ROK) in a research note issued on Monday, Marketbeat reports. The brokerage set a “hold” rating and a $440.00 price target on the industrial products company’s stock. Evercore ISI’s price objective indicates a potential upside of 9.74% from the company’s previous close.

A number of other analysts have also weighed in on ROK. Barclays lifted their target price on shares of Rockwell Automation from $417.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rockwell Automation in a research report on Monday. JPMorgan Chase & Co. increased their target price on Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Finally, The Goldman Sachs Group upgraded Rockwell Automation from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $329.00 to $448.00 in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $403.31.

Rockwell Automation Trading Down 0.2%

Rockwell Automation stock opened at $400.96 on Monday. Rockwell Automation has a 12 month low of $215.00 and a 12 month high of $415.89. The company has a market capitalization of $45.02 billion, a price-to-earnings ratio of 52.34, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50. The business’s fifty day simple moving average is $375.06 and its two-hundred day simple moving average is $352.63. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.40. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities analysts predict that Rockwell Automation will post 9.35 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Scott Genereux sold 1,387 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.03, for a total value of $557,615.61. Following the transaction, the vice president directly owned 4,514 shares in the company, valued at $1,814,763.42. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Rebecca W. House sold 1,698 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $402.06, for a total value of $682,697.88. Following the sale, the senior vice president owned 12,200 shares of the company’s stock, valued at approximately $4,905,132. This trade represents a 12.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 87,253 shares of company stock worth $34,405,319. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Rockwell Automation

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in Rockwell Automation in the second quarter worth approximately $368,575,000. Holocene Advisors LP boosted its stake in Rockwell Automation by 128.9% in the 2nd quarter. Holocene Advisors LP now owns 866,992 shares of the industrial products company’s stock worth $287,989,000 after purchasing an additional 488,262 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Rockwell Automation by 122.3% in the third quarter. JPMorgan Chase & Co. now owns 819,708 shares of the industrial products company’s stock worth $286,522,000 after buying an additional 451,038 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Rockwell Automation by 720.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock valued at $132,638,000 after acquiring an additional 350,662 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its stake in Rockwell Automation by 7,730.3% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 354,792 shares of the industrial products company’s stock worth $117,851,000 after purchasing an additional 350,261 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

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.