Wells Fargo & Company Forecasts Strong Price Appreciation for Rockwell Automation (NYSE:ROK) Stock

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

A number of other research analysts also recently weighed in on the stock. Bank of America upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Barclays increased their price target on Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup restated a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Finally, Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and an average target price of $353.39.

Rockwell Automation Trading Up 0.3%

Rockwell Automation stock opened at $373.67 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation has a 12 month low of $215.00 and a 12 month high of $396.89. The stock’s 50 day simple moving average is $349.71 and its two-hundred day simple moving average is $332.06. The firm has a market cap of $42.01 billion, a PE ratio of 43.86, a P/E/G ratio of 3.30 and a beta of 1.45.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the firm earned $2.47 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Analysts anticipate that Rockwell Automation will post 9.35 earnings per share for the current year.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Cyril Perducat sold 1,435 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction of $499,494.80. Following the transaction, the senior vice president directly owned 3,787 shares in the company, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of the stock in a transaction dated Wednesday, October 29th. The shares were 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 owned 983 shares of the company’s stock, valued at approximately $358,795. The trade was a 45.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 30,375 shares of company stock valued at $10,661,109. 0.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rockwell Automation

A number of institutional investors have recently added to or reduced their stakes in ROK. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 acquiring an additional 75 shares during the period. Rexford Capital Inc. acquired a new stake in Rockwell Automation during the second quarter worth about $33,000. SBI Securities Co. Ltd. raised its stake in Rockwell Automation by 48.7% during the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 38 shares during the period. Legend Financial Advisors Inc. purchased a new position in Rockwell Automation during the second quarter worth about $39,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in Rockwell Automation in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

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.