Evercore ISI Initiates Coverage on Rockwell Automation (NYSE:ROK)

Stock analysts at Evercore ISI assumed coverage on shares of Rockwell Automation (NYSE:ROK) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $440.00 price target on the industrial products company’s stock. Evercore ISI’s target price would suggest a potential upside of 10.90% from the company’s current price.

A number of other equities analysts also recently weighed in on ROK. Morgan Stanley boosted their target price on Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Barclays upped their price objective on Rockwell Automation from $417.00 to $435.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. lifted their target price on Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, Oppenheimer restated an “outperform” rating and set a $391.00 price target on shares of Rockwell Automation in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $403.31.

Rockwell Automation Stock Down 1.1%

ROK traded down $4.32 during mid-day trading on Monday, reaching $396.76. 75,866 shares of the stock were exchanged, compared to its average volume of 912,983. Rockwell Automation has a 1 year low of $215.00 and a 1 year high of $415.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. The stock has a market capitalization of $44.54 billion, a PE ratio of 51.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50. The company has a 50 day moving average price of $375.06 and a two-hundred day moving average price of $352.63.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm earned $2.47 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, research analysts anticipate that Rockwell Automation will post 9.35 EPS for the current year.

Insider Activity

In related news, SVP Matheus De A. G. Viera Bulho sold 476 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.02, for a total transaction of $191,361.52. Following the sale, the senior vice president owned 2,401 shares of the company’s stock, valued at approximately $965,250.02. This represents a 16.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 229 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $401.92, for a total transaction of $92,039.68. Following the completion of the transaction, the vice president directly owned 2,058 shares of the company’s stock, valued at approximately $827,151.36. The trade was a 10.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 87,253 shares of company stock valued at $34,405,319. 0.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rockwell Automation

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. raised 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 acquiring an additional 75 shares in the last quarter. Rexford Capital Inc. bought a new position in shares of Rockwell Automation in the second quarter worth approximately $33,000. Ameriflex Group Inc. raised its stake in Rockwell Automation by 100.0% in the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in Rockwell Automation during the second quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. lifted its position in Rockwell Automation by 48.7% during the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

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.