Rockwell Automation (NYSE:ROK) Given New $402.00 Price Target at Robert W. Baird

Rockwell Automation (NYSE:ROK) had its target price raised by Robert W. Baird from $392.00 to $402.00 in a report published on Friday, MarketBeat reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price target on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Rockwell Automation in a research report on Wednesday. Barclays upped their price target on Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Finally, Bank of America raised their price target on shares of Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and a consensus target price of $371.44.

Rockwell Automation Stock Up 2.7%

ROK traded up $10.07 during trading on Friday, hitting $378.77. The stock had a trading volume of 1,644,828 shares, compared to its average volume of 916,829. The company has a market capitalization of $42.53 billion, a PE ratio of 44.46, 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. The stock has a 50 day simple moving average of $357.03 and a two-hundred day simple moving average of $340.55. Rockwell Automation has a twelve month low of $215.00 and a twelve month high of $398.20.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. The company had revenue of $2.32 billion for 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 revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, research analysts predict that Rockwell Automation will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio (DPR) is currently 72.06%.

Insider Activity at Rockwell Automation

In other news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James P. Keane sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the sale, the director owned 9,192 shares of the company’s stock, valued at $3,272,903.52. This represents a 24.61% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 92,075 shares of company stock valued at $34,820,361. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Rockwell Automation

Large investors have recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its position in Rockwell Automation by 5.7% during the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 119 shares in the last quarter. Patton Fund Management Inc. acquired a new position in Rockwell Automation in the 2nd quarter worth about $294,000. Brighton Jones LLC acquired a new position in shares of Rockwell Automation during the 4th quarter worth about $281,000. Integrity Alliance LLC. purchased a new stake in shares of Rockwell Automation during the first quarter worth $293,000. Finally, Focus Partners Wealth lifted its position in Rockwell Automation by 20.4% during the first quarter. Focus Partners Wealth now owns 13,348 shares of the industrial products company’s stock worth $3,449,000 after buying an additional 2,264 shares in the last quarter. Institutional investors and hedge funds 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.