Rockwell Automation, Inc. (NYSE:ROK) Receives $332.00 Average Price Target from Analysts

Shares of Rockwell Automation, Inc. (NYSE:ROK) have earned an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $337.58.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Oppenheimer increased their target price on Rockwell Automation from $258.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $360.00 to $410.00 in a research note on Wednesday. Barclays raised their price objective on Rockwell Automation from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Stephens increased their target price on Rockwell Automation from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $351.57 on Monday. The business’s 50 day moving average price is $322.29 and its 200 day moving average price is $286.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 1.05. The company has a market cap of $39.63 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 3.90 and a beta of 1.38. Rockwell Automation has a one year low of $215.00 and a one year high of $353.72.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. On average, research analysts predict that Rockwell Automation will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be paid a $1.31 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.49%. Rockwell Automation’s payout ratio is currently 65.99%.

Insider Activity

In related news, SVP Tessa M. Myers sold 363 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $326.32, for a total transaction of $118,454.16. Following the sale, the senior vice president owned 4,063 shares of the company’s stock, valued at $1,325,838.16. The trade was a 8.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Isaac Woods sold 297 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $326.31, for a total value of $96,914.07. Following the sale, the vice president directly owned 1,691 shares in the company, valued at approximately $551,790.21. The trade was a 14.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,388 shares of company stock worth $2,307,487 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ROK. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Rockwell Automation by 0.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 33 shares in the last quarter. Whittier Trust Co. boosted its stake in Rockwell Automation by 1.9% in the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock valued at $542,000 after acquiring an additional 35 shares during the last quarter. Howe & Rusling Inc. boosted its stake in Rockwell Automation by 4.9% in the first quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after buying an additional 38 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Rockwell Automation by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after buying an additional 43 shares during the period. Institutional investors own 75.75% of the company’s stock.

About Rockwell Automation

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.