Rockwell Automation, Inc. (NYSE:ROK – Get Free Report) has earned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $451.75.
Several research firms have issued reports on ROK. Robert W. Baird decreased their price objective on shares of Rockwell Automation from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Barclays boosted their target price on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Mizuho set a $445.00 price target on shares of Rockwell Automation in a research note on Wednesday, May 6th. Weiss Ratings upgraded Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. Finally, Evercore boosted their price objective on Rockwell Automation from $440.00 to $480.00 in a research note on Wednesday, May 6th.
Check Out Our Latest Research Report on ROK
Rockwell Automation Stock Down 4.4%
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm posted $2.45 EPS. The business’s revenue 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, analysts anticipate that Rockwell Automation will post 13.01 EPS for the current fiscal year.
Rockwell Automation announced that its Board of Directors has approved a stock buyback program on Tuesday, June 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to purchase up to 2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Rockwell Automation Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. Rockwell Automation’s payout ratio is currently 57.38%.
Insider Transactions at Rockwell Automation
In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total value of $449,025.08. Following the transaction, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of Rockwell Automation stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $387.50, for a total transaction of $484,375.00. Following the sale, the senior vice president directly owned 1,734 shares in the company, valued at approximately $671,925. This trade represents a 41.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,308 shares of company stock worth $5,339,812 in the last quarter. 0.76% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. MV Capital Management Inc. acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $28,000. Manchester Capital Management LLC boosted its stake in Rockwell Automation by 97.5% during the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after buying an additional 39 shares during the last quarter. First Horizon Corp purchased a new stake in Rockwell Automation in the 4th quarter valued at $32,000. BOK Financial Private Wealth Inc. purchased a new stake in Rockwell Automation in the 4th quarter valued at $33,000. Finally, TD Capital Management LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter worth $33,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.
Rockwell Automation Company Profile
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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