Rockwell Automation (NYSE:ROK) Given New $337.00 Price Target at Wells Fargo & Company

Rockwell Automation (NYSE:ROK) had its target price boosted by investment analysts at Wells Fargo & Company from $315.00 to $337.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 11.59% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Citigroup boosted their price target on Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a report on Monday, December 9th. UBS Group assumed coverage on Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price target on the stock. Morgan Stanley upped their price objective on shares of Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Mizuho upped their price objective on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, BNP Paribas assumed coverage on Rockwell Automation in a report on Wednesday, November 13th. They issued an “outperform” rating and a $345.00 price target for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $308.05.

Rockwell Automation Trading Down 0.6 %

Shares of NYSE ROK opened at $302.01 on Tuesday. The stock has a market capitalization of $34.14 billion, a P/E ratio of 36.47, a PEG ratio of 2.89 and a beta of 1.35. Rockwell Automation has a 1-year low of $242.81 and a 1-year high of $308.70. The business’s 50 day moving average is $286.07 and its two-hundred day moving average is $275.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. As a group, research analysts expect that Rockwell Automation will post 9.32 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Blake D. Moret sold 26,700 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the sale, the chief executive officer now owns 78,115 shares of the company’s stock, valued at $23,327,482.45. This represents a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the transaction, the vice president now owns 1,198 shares in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,857 shares of company stock worth $10,678,037 over the last three months. 0.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ROK. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Rockwell Automation by 0.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 33 shares during the last quarter. Whittier Trust Co. lifted its holdings in Rockwell Automation by 1.9% in the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 35 shares during the period. Prospera Financial Services Inc raised its position in shares of Rockwell Automation by 0.9% during the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after buying an additional 37 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after purchasing an additional 38 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its position in shares of Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 39 shares during the period. 75.75% of the stock is currently owned by 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.