Rockwell Automation (NYSE:ROK) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Rockwell Automation (NYSE:ROK) had its price objective boosted by analysts at Wells Fargo & Company from $355.00 to $380.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.69% from the stock’s previous close.

ROK has been the subject of a number of other research reports. Stephens reaffirmed an “overweight” rating and issued a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of Rockwell Automation from $320.00 to $357.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Barclays raised their price objective on Rockwell Automation from $370.00 to $417.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Finally, KeyCorp raised their price target 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 investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and an average target price of $353.39.

Rockwell Automation Price Performance

ROK traded up $1.17 during trading on Friday, reaching $373.67. The stock had a trading volume of 1,163,320 shares, compared to its average volume of 899,936. 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 stock has a market cap of $42.01 billion, a PE ratio of 43.86, a PEG ratio of 3.30 and a beta of 1.45. The business has a 50-day moving average of $349.11 and a 200-day moving average of $330.36. Rockwell Automation has a one year low of $215.00 and a one year high of $396.89.

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 analysts’ consensus estimates of $2.94 by $0.40. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.Rockwell Automation’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 EPS. 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 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Rockwell Automation

Several large investors have recently made changes to their positions in the business. Capital Investment Advisors LLC grew its stake in shares of Rockwell Automation by 5.7% in the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 119 shares during the period. CWM LLC grew its position in Rockwell Automation by 3.7% during the first quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock valued at $608,000 after buying an additional 84 shares during the period. Brighton Jones LLC purchased a new stake in Rockwell Automation during the fourth quarter valued at approximately $281,000. Integrity Alliance LLC. purchased a new stake in Rockwell Automation during the first quarter valued at approximately $293,000. Finally, J.W. Cole Advisors Inc. raised its position in Rockwell Automation by 128.7% in the first quarter. J.W. Cole Advisors Inc. now owns 4,382 shares of the industrial products company’s stock worth $1,132,000 after acquiring an additional 2,466 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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.