After this morning's -1.9% drop to $297.2 per share, Rockwell Automation might just keep moving past its target price of $296.56. With an average analyst rating of buy, and target prices from $215.0 to $355.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 2.6%, and a short ratio of 2.35. The company's insiders own 0.24% 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 84.6% of Rockwell Automation's shares being owned by this investor type.
Institutions Invested in Rockwell Automation
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 12% | 13,795,451 | $4,100,008,205 |
| 2024-09-30 | Blackrock Inc. | 8% | 9,057,000 | $2,691,740,510 |
| 2024-09-30 | Price (T.Rowe) Associates Inc | 6% | 6,682,346 | $1,985,993,312 |
| 2024-09-30 | State Street Corporation | 4% | 4,648,137 | $1,381,426,373 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 2,683,202 | $797,447,667 |
| 2024-09-30 | Lazard Asset Management LLC | 2% | 2,549,732 | $757,780,381 |
| 2024-09-30 | UBS Group AG | 2% | 1,953,311 | $580,524,053 |
| 2024-09-30 | Morgan Stanley | 2% | 1,950,235 | $579,609,865 |
| 2024-09-30 | Amundi | 1% | 1,643,096 | $488,328,151 |
| 2024-09-30 | Charles Schwab Investment Management, Inc. | 1% | 1,556,292 | $462,530,001 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Rockwell Automation.
