Rockwell Automation (NYSE:ROK) Hits New 1-Year High – Here’s Why

Rockwell Automation, Inc. (NYSE:ROK) shares hit a new 52-week high on Wednesday . The company traded as high as $400.87 and last traded at $400.4920, with a volume of 459638 shares trading hands. The stock had previously closed at $391.20.

Analysts Set New Price Targets

Several analysts recently commented on ROK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rockwell Automation in a report on Monday. Wells Fargo & Company boosted their price target on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. KeyCorp increased their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Morgan Stanley raised their price objective on shares of Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $391.00 target price on shares of Rockwell Automation in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $372.56.

Rockwell Automation Stock Performance

The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The company has a market cap of $45.34 billion, a P/E ratio of 38.69, a PEG ratio of 2.71 and a beta of 1.50. The business’s 50 day simple moving average is $365.86 and its 200 day simple moving average is $346.71.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is presently 72.06%.

Insiders Place Their Bets

In related news, VP Isaac Woods sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the completion of the sale, the vice president directly owned 1,662 shares of the company’s stock, valued at approximately $581,700. This trade represents a 13.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $300,030.00. Following the completion of the transaction, the senior vice president directly owned 983 shares in the company, valued at $358,795. This trade represents a 45.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,275 shares of company stock valued at $33,125,505 over the last three months. 0.68% of the stock is owned by company insiders.

Institutional Trading of Rockwell Automation

Large investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Rockwell Automation by 468.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Rexford Capital Inc. acquired a new position in shares of Rockwell Automation during the 2nd quarter worth $33,000. Ameriflex Group Inc. lifted its position in shares of Rockwell Automation by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock worth $35,000 after buying an additional 50 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Rockwell Automation by 48.7% in the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after buying an additional 38 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new position in Rockwell Automation in the second quarter valued at about $39,000. 75.75% of the stock is 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.