Weekly Analysts’ Ratings Updates for Rockwell Automation (ROK)

Posted by Scott Moore on Nov 13th, 2024

A number of firms have modified their ratings and price targets on shares of Rockwell Automation (NYSE: ROK) recently:

11/13/2024 – Rockwell Automation is now covered by analysts at BNP Paribas. They set an “outperform” rating and a $345.00 price target on the stock.
11/13/2024 – Rockwell Automation is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $313.00 price target on the stock.
11/8/2024 – Rockwell Automation had its price target raised by analysts at Barclays PLC from $245.00 to $255.00. They now have an “underweight” rating on the stock.
11/8/2024 – Rockwell Automation had its price target raised by analysts at Oppenheimer Holdings Inc. from $288.00 to $300.00. They now have an “outperform” rating on the stock.
11/8/2024 – Rockwell Automation had its price target raised by analysts at Robert W. Baird from $280.00 to $290.00. They now have an “outperform” rating on the stock.
10/17/2024 – Rockwell Automation had its price target raised by analysts at Bank of America Co. from $270.00 to $285.00. They now have a “neutral” rating on the stock.
10/17/2024 – Rockwell Automation had its price target raised by analysts at Mizuho from $245.00 to $270.00. They now have a “neutral” rating on the stock.
10/14/2024 – Rockwell Automation had its price target raised by analysts at Oppenheimer Holdings Inc. from $270.00 to $288.00. They now have an “outperform” rating on the stock.
10/7/2024 – Rockwell Automation had its price target raised by analysts at Wells Fargo & Company from $293.00 to $305.00. They now have an “overweight” rating on the stock.

Rockwell Automation Stock Performance

Rockwell Automation stock traded up $8.69 during mid-day trading on Wednesday, reaching $286.57. 1,028,651 shares of the stock traded hands, compared to its average volume of 880,744. The stock has a market capitalization of $32.52 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 2.86 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.84 and a quick ratio of 1.17. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $312.76. The business’s 50-day moving average is $267.36 and its 200-day moving average is $266.55.

Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business earned $3.64 earnings per share. Rockwell Automation’s revenue for the quarter was down 20.6% compared to the same quarter last year. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 9.54 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a $1.31 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, November 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.83%. Rockwell Automation’s dividend payout ratio is 60.39%.

Insider Transactions at Rockwell Automation

In related news, SVP Veena M. Lakkundi sold 579 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the sale, the senior vice president now directly owns 4,576 shares in the company, valued at approximately $1,221,151.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Rockwell Automation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROK. Pathway Financial Advisers LLC purchased a new stake in shares of Rockwell Automation in the first quarter worth approximately $26,000. Richardson Financial Services Inc. raised its holdings in shares of Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after buying an additional 48 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Rockwell Automation in the third quarter worth approximately $26,000. ESL Trust Services LLC purchased a new stake in shares of Rockwell Automation in the first quarter worth approximately $29,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Rockwell Automation in the third quarter worth approximately $34,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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.