Rockwell Automation (NYSE:ROK) Given New $448.00 Price Target at The Goldman Sachs Group

Rockwell Automation (NYSE:ROK) had its price target reduced by The Goldman Sachs Group from $458.00 to $448.00 in a research report sent to investors on Tuesday,MarketScreener reports. The Goldman Sachs Group currently has a neutral rating on the industrial products company’s stock.

A number of other analysts also recently issued reports on ROK. Argus upgraded shares of Rockwell Automation to a “strong-buy” rating in a report on Friday, January 16th. Rothschild & Co Redburn lifted their price target on shares of Rockwell Automation from $335.00 to $365.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Citigroup lifted their price target on shares of Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a report on Monday, December 8th. Barclays reduced their price target on shares of Rockwell Automation from $450.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Finally, Evercore assumed coverage on shares of Rockwell Automation in a report on Monday, December 15th. They issued an “in-line” rating and a $440.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus price target of $406.67.

Rockwell Automation Stock Up 0.7%

Shares of ROK opened at $369.62 on Tuesday. The business’s 50 day moving average is $385.27 and its 200 day moving average is $382.75. The company has a market capitalization of $41.53 billion, a PE ratio of 42.29, a price-to-earnings-growth ratio of 2.61 and a beta of 1.54. Rockwell Automation has a 12-month low of $215.00 and a 12-month high of $438.72. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 0.68.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.29. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $1.83 EPS. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Research analysts expect that Rockwell Automation will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a $1.38 dividend. The ex-dividend date was Monday, February 23rd. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. Rockwell Automation’s payout ratio is 63.16%.

Insider Transactions at Rockwell Automation

In other news, SVP Tessa M. Myers sold 1,985 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $409.37, for a total value of $812,599.45. Following the sale, the senior vice president directly owned 4,036 shares in the company, valued at $1,652,217.32. The trade was a 32.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew W. Fordenwalt sold 1,200 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $404.21, for a total transaction of $485,052.00. Following the completion of the sale, the senior vice president owned 4,437 shares in the company, valued at approximately $1,793,479.77. This trade represents a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 48,727 shares of company stock worth $19,786,132. 0.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Rockwell Automation

A number of large investors have recently made changes to their positions in ROK. MV Capital Management Inc. bought a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $28,000. Manchester Capital Management LLC increased its position in shares of Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 39 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Rockwell Automation by 468.8% during 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 during the last quarter. First Horizon Corp bought a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $32,000. Finally, Rexford Capital Inc. bought a new position in shares of Rockwell Automation during the 2nd quarter valued at approximately $33,000. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Company Profile

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.