Research Analysts’ Recent Ratings Changes for Rockwell Automation (ROK)

A number of research firms have changed their ratings and price targets for Rockwell Automation (NYSE: ROK):

• 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.
• 9/6/2024 – Rockwell Automation is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $320.00 price target on the stock.

Rockwell Automation Stock Down 0.9 %

ROK opened at $266.44 on Thursday. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $312.76. The business has a 50-day moving average of $265.56 and a two-hundred day moving average of $267.37. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 0.68. The stock has a market capitalization of $30.37 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 4.64 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. Rockwell Automation’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.01 earnings per share. On average, research analysts expect that Rockwell Automation, Inc. will post 9.67 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Rockwell Automation by 951.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,532,949 shares of the industrial products company’s stock worth $1,611,915,000 after acquiring an additional 5,006,706 shares during the last quarter. International Assets Investment Management LLC increased its position in Rockwell Automation by 29,591.7% during the 3rd quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock worth $251,326,000 after purchasing an additional 933,025 shares in the last quarter. Van ECK Associates Corp raised its holdings in Rockwell Automation by 1,119.3% in the second quarter. Van ECK Associates Corp now owns 763,351 shares of the industrial products company’s stock valued at $210,135,000 after buying an additional 700,745 shares during the period. Vanguard Group Inc. lifted its position in Rockwell Automation by 3.2% during the first quarter. Vanguard Group Inc. now owns 14,048,986 shares of the industrial products company’s stock valued at $4,092,891,000 after buying an additional 438,356 shares in the last quarter. Finally, Swedbank AB purchased a new stake in Rockwell Automation during the first quarter worth approximately $118,345,000. 75.75% of the stock is 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.