Shares of Rockwell Automation, Inc. (NYSE:ROK – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are presently covering the firm, Marketbeat reports. Eleven analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $469.3333.
A number of brokerages recently issued reports on ROK. Argus increased their price objective on Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Rothschild & Co Redburn lifted their target price on Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. TD Cowen upped their price target on Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Wells Fargo & Company increased their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th.
Read Our Latest Research Report on Rockwell Automation
Insider Transactions at Rockwell Automation
Hedge Funds Weigh In On Rockwell Automation
Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at about $281,000. AQR Capital Management LLC grew its holdings in shares of Rockwell Automation by 75.9% during the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock worth $2,059,000 after purchasing an additional 3,513 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Rockwell Automation by 142.7% during the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock worth $1,887,000 after purchasing an additional 4,295 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Rockwell Automation by 233.6% in the first quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Rockwell Automation in the second quarter worth approximately $868,000. 75.75% of the stock is currently owned by institutional investors.
Rockwell Automation Trading Up 2.6%
Shares of ROK stock opened at $471.20 on Friday. The stock has a market capitalization of $52.43 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 2.93 and a beta of 1.54. The company’s fifty day simple moving average is $464.60 and its two-hundred day simple moving average is $423.80. Rockwell Automation has a 1 year low of $305.44 and a 1 year high of $497.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76.
Rockwell Automation (NYSE:ROK – Get Free Report) last posted 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. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company earned $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, analysts anticipate that Rockwell Automation will post 13.06 earnings per share for the current year.
Rockwell Automation announced that its board has initiated a stock buyback program on Tuesday, June 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Rockwell Automation Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 annualized dividend and a yield of 1.2%. Rockwell Automation’s dividend payout ratio is currently 57.38%.
About Rockwell Automation
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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