Rockwell Automation (NYSE:ROK) Now Covered by Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Rockwell Automation (NYSE:ROK) in a report published on Monday, Marketbeat reports. The firm issued a hold rating and a $440.00 price objective on the industrial products company’s stock.

A number of other research analysts have also issued reports on ROK. Morgan Stanley raised their target price on shares of Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Barclays raised their target price on Rockwell Automation from $417.00 to $435.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Oppenheimer reissued an “outperform” rating and issued a $391.00 price objective on shares of Rockwell Automation in a research report on Friday, November 7th. Bank of America boosted their target price on shares of Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, Citigroup upped their target price on shares of Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Rockwell Automation has an average rating of “Moderate Buy” and an average target price of $403.31.

Rockwell Automation Stock Up 0.4%

ROK traded up $1.75 during midday trading on Monday, hitting $402.83. 39,830 shares of the company’s stock traded hands, compared to its average volume of 912,871. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 0.77. The company has a market cap of $45.23 billion, a PE ratio of 52.64, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50. Rockwell Automation has a one year low of $215.00 and a one year high of $415.89. The stock’s fifty day simple moving average is $375.06 and its 200-day simple moving average is $352.63.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data 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. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business earned $2.47 EPS. Rockwell Automation’s quarterly revenue was up 13.8% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities analysts anticipate that Rockwell Automation will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, November 17th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. Rockwell Automation’s payout ratio is presently 72.06%.

Insider Activity

In other news, SVP Tessa M. Myers sold 1,020 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.07, for a total value of $410,111.40. Following the sale, the senior vice president directly owned 6,021 shares in the company, valued at approximately $2,420,863.47. This represents a 14.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Scott Genereux sold 1,387 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $402.03, for a total value of $557,615.61. Following the completion of the sale, the vice president directly owned 4,514 shares in the company, valued at approximately $1,814,763.42. This represents a 23.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 87,253 shares of company stock valued at $34,405,319. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rockwell Automation

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Rockwell Automation during the 2nd quarter valued at $368,575,000. Holocene Advisors LP grew its stake in shares of Rockwell Automation by 128.9% during the second quarter. Holocene Advisors LP now owns 866,992 shares of the industrial products company’s stock worth $287,989,000 after purchasing an additional 488,262 shares during the period. JPMorgan Chase & Co. increased its holdings in Rockwell Automation by 122.3% in the third quarter. JPMorgan Chase & Co. now owns 819,708 shares of the industrial products company’s stock valued at $286,522,000 after purchasing an additional 451,038 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Rockwell Automation by 720.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock valued at $132,638,000 after buying an additional 350,662 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its stake in Rockwell Automation by 7,730.3% in the second quarter. Ontario Teachers Pension Plan Board now owns 354,792 shares of the industrial products company’s stock valued at $117,851,000 after buying an additional 350,261 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

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.