Rockwell Automation (NYSE:ROK) Given New $380.00 Price Target at Wells Fargo & Company

Rockwell Automation (NYSE:ROK) had its price target boosted by research analysts at Wells Fargo & Company from $355.00 to $380.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 1.69% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $391.00 target price on shares of Rockwell Automation in a report on Friday. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. KeyCorp boosted their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.39.

Rockwell Automation Stock Performance

Rockwell Automation stock traded up $1.17 during midday trading on Friday, hitting $373.67. The stock had a trading volume of 1,163,320 shares, compared to its average volume of 899,936. The firm’s fifty day moving average is $349.11 and its two-hundred day moving average is $330.36. The company has a market capitalization of $42.01 billion, a PE ratio of 43.86, a P/E/G ratio of 3.30 and a beta of 1.45. Rockwell Automation has a 52-week low of $215.00 and a 52-week high of $396.89. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.40. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, research analysts forecast that Rockwell Automation will post 9.35 EPS for the current year.

Insider Transactions at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 822 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $365.00, for a total transaction of $300,030.00. Following the sale, the senior vice president owned 983 shares of the company’s stock, valued at $358,795. This represents a 45.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the completion of the transaction, the senior vice president directly owned 3,787 shares of the company’s stock, valued at $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,375 shares of company stock valued at $10,661,109 in the last 90 days. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Rockwell Automation

A number of institutional investors have recently bought and sold shares of ROK. Brighton Jones LLC bought a new position in Rockwell Automation during the fourth quarter valued at $281,000. Envestnet Asset Management Inc. raised its holdings in shares of Rockwell Automation by 46.4% in the first quarter. Envestnet Asset Management Inc. now owns 279,852 shares of the industrial products company’s stock worth $72,308,000 after buying an additional 88,713 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Rockwell Automation by 27.1% during the 1st quarter. TD Private Client Wealth LLC now owns 1,938 shares of the industrial products company’s stock worth $501,000 after acquiring an additional 413 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Rockwell Automation during the 1st quarter valued at $240,000. Finally, Valeo Financial Advisors LLC boosted its holdings in Rockwell Automation by 64.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,022 shares of the industrial products company’s stock valued at $522,000 after acquiring an additional 792 shares during the period. 75.75% of the stock is currently owned by 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.