Stephens Increases Rockwell Automation (NYSE:ROK) Price Target to $375.00

Rockwell Automation (NYSE:ROK) had its price target upped by analysts at Stephens from $350.00 to $375.00 in a report released on Wednesday, July 16th, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Stephens’ price objective would indicate a potential upside of 4.97% from the stock’s previous close.

Several other research firms have also recently issued reports on ROK. KeyCorp upped their target price on shares of Rockwell Automation from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Wells Fargo & Company upped their price target on shares of Rockwell Automation from $315.00 to $365.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. TD Cowen raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 target price for the company in a report on Friday, May 9th. Finally, Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Rockwell Automation has an average rating of “Moderate Buy” and an average price target of $341.11.

Rockwell Automation Trading Up 0.1%

Rockwell Automation stock traded up $0.23 during mid-day trading on Wednesday, reaching $357.24. 167,144 shares of the company traded hands, compared to its average volume of 919,825. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 0.72. The firm’s 50 day moving average price is $328.75 and its 200 day moving average price is $289.27. The firm has a market capitalization of $40.27 billion, a price-to-earnings ratio of 44.99, a P/E/G ratio of 3.65 and a beta of 1.38. Rockwell Automation has a 52-week low of $215.00 and a 52-week high of $360.92.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.36. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.16%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.50 EPS. On average, analysts anticipate that Rockwell Automation will post 9.35 earnings per share for the current fiscal year.

Insider Activity

In other Rockwell Automation 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 value of $118,454.16. Following the completion of the transaction, the senior vice president directly owned 4,063 shares of the company’s stock, valued at approximately $1,325,838.16. The trade was a 8.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matheus De A. G. Viera Bulho sold 526 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $325.35, for a total value of $171,134.10. Following the completion of the transaction, the senior vice president directly owned 983 shares of the company’s stock, valued at $319,819.05. The trade was a 34.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,757 shares of company stock valued at $3,138,220. 0.68% of the stock is owned by insiders.

Institutional Trading of Rockwell Automation

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Rockwell Automation during the 4th quarter worth $284,177,000. GAMMA Investing LLC raised its position in Rockwell Automation by 29,844.4% in the 1st quarter. GAMMA Investing LLC now owns 702,794 shares of the industrial products company’s stock valued at $181,588,000 after purchasing an additional 700,447 shares in the last quarter. Wellington Management Group LLP raised its position in Rockwell Automation by 85,513.1% in the 4th quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company’s stock valued at $193,047,000 after purchasing an additional 674,698 shares in the last quarter. Alliancebernstein L.P. raised its position in Rockwell Automation by 102.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company’s stock valued at $368,021,000 after purchasing an additional 651,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Rockwell Automation by 6.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock worth $2,033,476,000 after acquiring an additional 432,934 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Company Profile

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.