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KeyBanc raised its price target on Rockwell Automation (NYSE:ROK) stock to $360 from $345 on Thursday, while maintaining an Overweight rating on the industrial automation company. The stock, currently trading at $325.14 and near its 52-week high of $328.90, has delivered a 27% return over the past year. According to InvestingPro analysis, the company appears to be trading above its Fair Value.
The research firm increased its fiscal year 2026 earnings per share estimate to $11.60 from $11.44, citing stronger margins and improved execution on operational excellence initiatives. KeyBanc also noted continued momentum in Rockwell’s project pipeline heading into next year. This optimistic outlook is supported by 17 analysts who have revised their earnings estimates upward for the upcoming period, as reported by InvestingPro.
According to KeyBanc, Rockwell has not experienced meaningful project delays or cancellations despite recent volatility in trade policy headlines. The firm indicated that channel destocking has largely moved past trough levels, and expectations for a recovery in discrete markets could prove conservative as comparisons ease in the second half of fiscal 2025. With a market capitalization of $36.65 billion and a solid financial health score, Rockwell maintains strong fundamentals despite trading at a relatively high P/E ratio of 40.7x.Discover more valuable insights about Rockwell Automation and 1,400+ other stocks through comprehensive Pro Research Reports available on InvestingPro.
Rockwell’s North America-centric portfolio, which represented 61.1% of total sales in fiscal year 2024, should insulate the company from potential incremental tariffs, KeyBanc noted. This positioning could make Rockwell a net beneficiary of further nearshoring and reshoring manufacturing activity.
While current tariff pricing strategies focus on recovery rather than growth, KeyBanc suggested there could be modest upside to margins when combined with Rockwell’s ongoing cost reduction initiatives.
In other recent news, Rockwell Automation has declared a quarterly dividend of $1.31 per share, payable to shareholders on September 10, 2025. Barclays (LON:BARC) analyst Julian Mitchell has upgraded Rockwell Automation’s stock rating to Overweight, citing a firmer top-line outlook and setting a new price target of $350. Similarly, KeyBanc Capital Markets has increased its price target for the company to $345, highlighting confidence in Rockwell Automation’s strategic initiatives and its position in the market. TD Cowen has also adjusted its rating from Sell to Hold, noting the company’s effective cost control and stabilization of orders, with a new price target of $275.
Additionally, Rockwell Automation has introduced its latest manufacturing execution system, FactoryTalk PharmaSuite 12.00, aimed at enhancing efficiency in the pharmaceutical and biopharmaceutical sectors. This new system offers features such as cloud-ready capabilities and enhanced cybersecurity measures to meet industry standards. The company has also showcased its OTTO Industrial Robotics business, emphasizing opportunities for cross-selling within its automation ecosystem. These recent developments reflect Rockwell Automation’s ongoing efforts to strengthen its market position and respond to industry demands.
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