Rockwell Automation, Inc. (NYSE:ROK) Stock Has Average Price Target of $469.82 According to Brokerages

Rockwell Automation, Inc. (NYSE:ROK) has earned an average rating of “Hold” from the twenty-two brokerages that are presently covering the stock, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $469.82.

Several analysts recently commented on the stock. Argus upped their price target on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Robert W. Baird set a $514.00 price objective on shares of Rockwell Automation in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Rockwell Automation from $469.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. Zacks Research downgraded shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, Citigroup lowered their price target on Rockwell Automation from $555.00 to $536.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th.

Insider Buying and Selling

In related news, Director Patricia A. Watson sold 1,100 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the sale, the director directly owned 6,385 shares of the company’s stock, valued at $2,754,680.55. This trade represents a 14.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 154 shares of Rockwell Automation stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total transaction of $66,623.48. Following the completion of the transaction, the vice president owned 1,858 shares in the company, valued at approximately $803,807.96. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 2,711 shares of company stock valued at $1,164,880 over the last 90 days. Insiders own 0.76% of the company’s stock.

Institutional Trading of Rockwell Automation

Hedge funds have recently made changes to their positions in the company. Virtus Advisers LLC acquired a new position in shares of Rockwell Automation during the second quarter worth about $25,000. MV Capital Management Inc. acquired a new stake in Rockwell Automation in the fourth quarter valued at about $28,000. Manchester Capital Management LLC lifted its position in Rockwell Automation by 97.5% in the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 39 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Rockwell Automation in the 1st quarter valued at approximately $31,000. Finally, TD Capital Management LLC purchased a new stake in Rockwell Automation in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.4%

Shares of NYSE ROK opened at $432.38 on Wednesday. The business has a 50-day moving average price of $434.75 and a 200 day moving average price of $436.75. The stock has a market cap of $48.02 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 2.06 and a beta of 1.51. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. Rockwell Automation has a 52-week low of $332.71 and a 52-week high of $497.36.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities research analysts forecast that Rockwell Automation will post 13.25 earnings per share for the current year.

Rockwell Automation Company Profile

Rockwell Automation, Inc is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, quality, safety, and operational efficiency by connecting industrial equipment, control systems, software, and data.

Its offerings include programmable logic controllers, industrial computers, motor control and drives, sensors, safety systems, human-machine interfaces, and other control and electrical products.