Rockwell Automation (ROK) – Investment Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Rockwell Automation (NYSE: ROK):

  • 2/2/2024 – Rockwell Automation had its price target lowered by analysts at JPMorgan Chase & Co. from $262.00 to $230.00. They now have an “underweight” rating on the stock.
  • 2/1/2024 – Rockwell Automation had its price target lowered by analysts at Wells Fargo & Company from $357.00 to $320.00. They now have an “overweight” rating on the stock.
  • 2/1/2024 – Rockwell Automation had its price target lowered by analysts at Oppenheimer Holdings Inc. from $324.00 to $300.00. They now have an “outperform” rating on the stock.
  • 2/1/2024 – Rockwell Automation had its price target lowered by analysts at Mizuho from $300.00 to $265.00. They now have a “neutral” rating on the stock.
  • 2/1/2024 – Rockwell Automation had its price target lowered by analysts at Citigroup Inc. from $351.00 to $330.00. They now have a “buy” rating on the stock.
  • 1/3/2024 – Rockwell Automation was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $360.00 price target on the stock, up previously from $305.00.
  • 12/19/2023 – Rockwell Automation was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $357.00 price target on the stock, up previously from $280.00.

Rockwell Automation Stock Down 1.0 %

ROK stock opened at $280.69 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $295.29 and its 200 day moving average is $289.30. The stock has a market cap of $32.16 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.62 and a beta of 1.42. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the company posted $2.46 earnings per share. Sell-side analysts predict that Rockwell Automation, Inc. will post 12.42 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Tuesday, February 20th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, February 16th. Rockwell Automation’s payout ratio is currently 47.57%.

Insider Buying and Selling at Rockwell Automation

In other news, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the transaction, the vice president now owns 2,376 shares in the company, valued at $665,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Blake D. Moret acquired 3,500 shares of the stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $283.64 per share, with a total value of $992,740.00. Following the completion of the transaction, the chief executive officer now owns 77,215 shares of the company’s stock, valued at approximately $21,901,262.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the transaction, the vice president now directly owns 2,376 shares of the company’s stock, valued at approximately $665,280. The disclosure for this sale can be found here. Insiders have sold 10,386 shares of company stock worth $2,892,850 over the last ninety days. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Rockwell Automation

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROK. Bruce G. Allen Investments LLC bought a new stake in shares of Rockwell Automation during the 4th quarter valued at about $27,000. OFI Invest Asset Management purchased a new position in shares of Rockwell Automation during the 3rd quarter valued at about $26,000. Provence Wealth Management Group purchased a new position in shares of Rockwell Automation during the 3rd quarter valued at about $27,000. Delta Asset Management LLC TN purchased a new position in shares of Rockwell Automation during the 2nd quarter valued at about $34,000. Finally, BluePath Capital Management LLC purchased a new position in shares of Rockwell Automation during the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.

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