Rockwell Automation (NYSE:ROK) Price Target Raised to $417.00

Rockwell Automation (NYSE:ROK) had its price objective lifted by Barclays from $370.00 to $417.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other research firms also recently commented on ROK. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. Wells Fargo & Company increased their target price on shares of Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their target price on shares of Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. KeyCorp increased their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $353.39.

Rockwell Automation Stock Performance

Shares of ROK stock traded up $14.82 during midday trading on Friday, hitting $388.31. 417,160 shares of the company were exchanged, compared to its average volume of 899,818. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The firm’s 50 day moving average price is $349.71 and its two-hundred day moving average price is $332.71. Rockwell Automation has a 52 week low of $215.00 and a 52 week high of $396.89. The firm has a market capitalization of $43.66 billion, a P/E ratio of 45.57, a PEG ratio of 3.30 and a beta of 1.45.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.40. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior 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 research analysts anticipate that Rockwell Automation will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 annualized dividend and a yield of 1.4%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s payout ratio is currently 72.06%.

Insider Activity

In related news, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the completion of the transaction, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at approximately $29,366,453.49. This represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction of $499,494.80. Following the completion of the transaction, the senior vice president directly owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 30,375 shares of company stock valued at $10,661,109. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Rockwell Automation

Large investors have recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in Rockwell Automation during the first quarter valued at $31,000. IMA Advisory Services Inc. purchased a new position in shares of Rockwell Automation during the 1st quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Rockwell Automation by 468.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Rexford Capital Inc. purchased a new stake in shares of Rockwell Automation in the second quarter valued at about $33,000. Finally, Legend Financial Advisors Inc. acquired a new stake in Rockwell Automation during the second quarter worth about $39,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

About Rockwell Automation

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.