After this afternoon's 1.5% surge to $282.83 per share, Rockwell Automation might just keep moving past its target price of $291.21. With an average analyst rating of hold, and target prices from $220.0 to $330.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.9%, and a short ratio of 2.86. The company's insiders own 0.17% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.2% of Rockwell Automation's shares being owned by this investor type.
Institutions Invested in Rockwell Automation
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 12% | 13,506,258 | $3,819,974,768 |
| 2023-09-30 | Blackrock Inc. | 8% | 9,491,347 | $2,684,437,544 |
| 2023-09-30 | Capital World Investors | 5% | 5,260,851 | $1,487,926,417 |
| 2023-09-30 | State Street Corporation | 4% | 4,439,772 | $1,255,700,655 |
| 2023-09-30 | Morgan Stanley | 3% | 3,152,104 | $891,509,531 |
| 2023-09-30 | JP Morgan Chase & Company | 2% | 2,752,223 | $778,411,194 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 2,512,740 | $710,678,220 |
| 2023-09-30 | Bank of America Corporation | 2% | 2,281,405 | $645,249,745 |
| 2023-09-30 | Amundi | 2% | 2,031,363 | $574,530,370 |
| 2023-09-30 | UBS Group AG | 1% | 1,518,807 | $429,564,163 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Rockwell Automation.
