Rockwell Automation (NYSE:ROK) Price Target Raised to $435.00

Rockwell Automation (NYSE:ROK) had its price target boosted by Morgan Stanley from $385.00 to $435.00 in a research report released on Monday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the industrial products company’s stock.

ROK has been the topic of several other reports. Barclays increased their price target on shares of Rockwell Automation from $370.00 to $417.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Oppenheimer reiterated an “outperform” rating and set a $391.00 target price on shares of Rockwell Automation in a research note on Friday, November 7th. Wells Fargo & Company boosted their price target on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, KeyCorp increased their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $364.75.

Rockwell Automation Stock Up 0.4%

ROK stock opened at $393.79 on Monday. Rockwell Automation has a 1-year low of $215.00 and a 1-year high of $398.20. The business’s 50 day simple moving average is $352.87 and its 200 day simple moving average is $335.14. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $44.28 billion, a PE ratio of 46.22, a PEG ratio of 3.30 and a beta of 1.45.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.03% and a return on equity of 30.14%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, research analysts anticipate that Rockwell Automation will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

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

Insider Buying and Selling

In related news, SVP Matheus De A. G. Viera Bulho sold 822 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total value of $300,030.00. Following the completion of the transaction, the senior vice president owned 983 shares of the company’s stock, valued at $358,795. The trade was a 45.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 365 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.44, for a total transaction of $127,180.60. Following the sale, the vice president directly owned 1,691 shares of the company’s stock, valued at $589,212.04. This represents a 17.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 92,075 shares of company stock valued at $34,820,361 in the last ninety days. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new stake in shares of Rockwell Automation in the 1st quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. lifted 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 worth $32,000 after buying an additional 75 shares during the last quarter. Rexford Capital Inc. bought a new stake in shares of Rockwell Automation during the 2nd quarter worth $33,000. Legend Financial Advisors Inc. acquired a new stake in Rockwell Automation in the second quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. grew its position in Rockwell Automation by 48.7% in the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 38 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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.