Fintel reports that on October 3, 2023, Keybanc initiated coverage of Rockwell Automation (NYSE:ROK) with a Sector Weight recommendation.
Analyst Price Forecast Suggests 13.96% Upside
As of August 31, 2023, the average one-year price target for Rockwell Automation is 323.59. The forecasts range from a low of 222.20 to a high of $393.75. The average price target represents an increase of 13.96% from its latest reported closing price of 283.95.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rockwell Automation is 8,963MM, an increase of 3.96%. The projected annual non-GAAP EPS is 11.87.
What is the Fund Sentiment?
There are 1911 funds or institutions reporting positions in Rockwell Automation. This is an increase of 46 owner(s) or 2.47% in the last quarter. Average portfolio weight of all funds dedicated to ROK is 0.30%, an increase of 4.26%. Total shares owned by institutions increased in the last three months by 2.05% to 107,157K shares. 
The put/call ratio of ROK is 1.11, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 5,869K shares representing 5.11% ownership of the company. In it's prior filing, the firm reported owning 5,100K shares, representing an increase of 13.10%. The firm increased its portfolio allocation in ROK by 20.22% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,583K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 3,554K shares, representing an increase of 0.83%. The firm increased its portfolio allocation in ROK by 4.45% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,735K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 2,678K shares, representing an increase of 2.08%. The firm increased its portfolio allocation in ROK by 3.84% over the last quarter.
Jpmorgan Chase holds 2,682K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 2,639K shares, representing an increase of 1.60%. The firm increased its portfolio allocation in ROK by 710.53% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 2,663K shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 2,681K shares, representing a decrease of 0.69%. The firm increased its portfolio allocation in ROK by 7.04% over the last quarter.
Rockwell Automation Background Information
(This description is provided by the company.)
Rockwell Automation, Inc. is an American provider of industrial automation whose brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Its solutions include hardware and software products, and services.
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