Rockwell Automation (NYSE:ROK) Price Target Raised to $487.00

Rockwell Automation (NYSE:ROKGet Free Report) had its target price hoisted by analysts at The Goldman Sachs Group from $448.00 to $487.00 in a research note issued on Wednesday,MarketScreener reports. The Goldman Sachs Group’s price objective would indicate a potential upside of 8.58% from the company’s previous close.

A number of other equities research analysts have also commented on ROK. Oppenheimer lowered shares of Rockwell Automation from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 20th. Argus upgraded shares of Rockwell Automation to a “strong-buy” rating in a research report on Friday, January 16th. Morgan Stanley reiterated an “overweight” rating and issued a $525.00 price objective on shares of Rockwell Automation in a research report on Wednesday. Rothschild & Co Redburn lifted their target price on Rockwell Automation from $335.00 to $365.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Rockwell Automation from $400.00 to $404.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Rockwell Automation currently has an average rating of “Moderate Buy” and an average price target of $427.63.

Read Our Latest Analysis on ROK

Rockwell Automation Price Performance

NYSE:ROK opened at $448.54 on Wednesday. Rockwell Automation has a 12 month low of $277.66 and a 12 month high of $455.97. The company’s 50-day moving average price is $384.37 and its two-hundred day moving average price is $390.50. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 0.68. The firm has a market cap of $50.40 billion, a PE ratio of 51.46, a price-to-earnings-growth ratio of 2.86 and a beta of 1.56.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the company earned $2.45 EPS. Rockwell Automation’s revenue for the quarter was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, equities analysts anticipate that Rockwell Automation will post 12.14 EPS for the current fiscal year.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,985 shares of Rockwell Automation stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $409.37, for a total transaction of $812,599.45. Following the transaction, the senior vice president directly owned 4,036 shares of the company’s stock, valued at approximately $1,652,217.32. The trade was a 32.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isaac Woods sold 1,271 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $405.69, for a total value of $515,631.99. Following the completion of the transaction, the vice president directly owned 1,687 shares in the company, valued at $684,399.03. This represents a 42.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 51,375 shares of company stock valued at $20,828,717. 0.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ROK. Brighton Jones LLC bought a new position in shares of Rockwell Automation during the fourth quarter valued at about $281,000. AQR Capital Management LLC increased its stake in Rockwell Automation by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock valued at $2,059,000 after buying an additional 3,513 shares during the last quarter. Empowered Funds LLC increased its stake in Rockwell Automation by 142.7% in the 1st quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 4,295 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Rockwell Automation by 233.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock worth $484,000 after buying an additional 1,315 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $868,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

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About Rockwell Automation

(Get Free Report)

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.

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