Fintel reports that on September 6, 2024, Morgan Stanley initiated coverage of Rockwell Automation (NYSE:ROK) with a Overweight recommendation.
Analyst Price Forecast Suggests 6.88% Upside
As of August 26, 2024, the average one-year price target for Rockwell Automation is $273.28/share. The forecasts range from a low of $217.15 to a high of $322.35. The average price target represents an increase of 6.88% from its latest reported closing price of $255.68 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rockwell Automation is 8,963MM, an increase of 1.95%. The projected annual non-GAAP EPS is 11.87.
What is the Fund Sentiment?
There are 1,974 funds or institutions reporting positions in Rockwell Automation. This is an decrease of 69 owner(s) or 3.38% in the last quarter. Average portfolio weight of all funds dedicated to ROK is 0.24%, an increase of 4.74%. Total shares owned by institutions increased in the last three months by 1.45% to 102,765K shares. 
The put/call ratio of ROK is 1.35, indicating a bearish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 5,986K shares representing 5.28% ownership of the company. In its prior filing, the firm reported owning 5,533K shares , representing an increase of 7.56%. The firm decreased its portfolio allocation in ROK by 0.20% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,607K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 3,594K shares , representing an increase of 0.35%. The firm decreased its portfolio allocation in ROK by 7.79% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,926K shares representing 2.58% ownership of the company. In its prior filing, the firm reported owning 2,888K shares , representing an increase of 1.30%. The firm decreased its portfolio allocation in ROK by 9.37% over the last quarter.
Geode Capital Management holds 2,669K shares representing 2.35% ownership of the company. In its prior filing, the firm reported owning 2,650K shares , representing an increase of 0.73%. The firm decreased its portfolio allocation in ROK by 52.84% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 2,442K shares representing 2.15% ownership of the company. In its prior filing, the firm reported owning 2,490K shares , representing a decrease of 1.96%. The firm decreased its portfolio allocation in ROK by 4.33% 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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