JPMorgan Chase & Co. Increases Rockwell Automation (NYSE:ROK) Price Target to $400.00

Rockwell Automation (NYSE:ROK) had its target price lifted by research analysts at JPMorgan Chase & Co. from $357.00 to $400.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 1.58% from the stock’s previous close.

A number of other brokerages also recently weighed in on ROK. Barclays increased their price objective on shares of Rockwell Automation from $370.00 to $417.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Stephens reaffirmed an “overweight” rating and issued a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Finally, Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $364.75.

Rockwell Automation Price Performance

NYSE ROK opened at $393.79 on Tuesday. Rockwell Automation has a one year low of $215.00 and a one year high of $398.20. The stock has a 50-day moving average of $352.87 and a 200 day moving average of $335.14. The company has a market capitalization of $44.28 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 3.30 and a beta of 1.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.40. The business had revenue of $2.32 billion for 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 business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, sell-side analysts forecast that Rockwell Automation will post 9.35 EPS for the current year.

Insiders Place Their Bets

In related news, VP Isaac Woods sold 250 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the completion of the transaction, the vice president directly owned 1,662 shares in the company, valued at approximately $581,700. The trade was a 13.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total transaction of $300,030.00. Following the completion of the sale, the senior vice president directly owned 983 shares of the company’s stock, valued at $358,795. This represents a 45.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 92,075 shares of company stock valued at $34,820,361. 0.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rockwell Automation

A number of hedge funds have recently modified their holdings of ROK. Capital Investment Advisors LLC boosted its holdings in Rockwell Automation by 5.7% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock worth $728,000 after buying an additional 119 shares during the period. CWM LLC lifted its position in shares of Rockwell Automation by 3.7% in the first quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock valued at $608,000 after acquiring an additional 84 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of Rockwell Automation in the fourth quarter valued at about $281,000. Integrity Alliance LLC. bought a new position in shares of Rockwell Automation in the first quarter worth about $293,000. Finally, J.W. Cole Advisors Inc. grew its position in shares of Rockwell Automation by 128.7% during 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 purchasing an additional 2,466 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

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.