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 – Get Free Report) 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
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.
Featured Stories
- Five stocks we like better than Rockwell Automation
- How Investors Can Find the Best Cheap Dividend Stocks
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Roth IRA Calculator: Calculate Your Potential Returns
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- How to Start Investing in Real Estate
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Rockwell Automation Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc and related companies with MarketBeat.com's FREE daily email newsletter.