Rockwell Automation Analysts Increase Their Forecasts After Upbeat Earnings

Core Insights - Rockwell Automation, Inc. reported better-than-expected first-quarter earnings with adjusted EPS of $1.83, surpassing analyst consensus of $1.59, despite an 8.4% year-over-year decline in sales to $1.881 billion [1][2] - The company experienced a total annual recurring revenue (ARR) growth of 11% [1] - Rockwell Automation's shares increased by 12.7% to close at $302.34 following the earnings announcement [2] Demand and Market Performance - The company noted improved order performance with sequential growth across all regions and business segments, despite ongoing macroeconomic and policy uncertainties affecting customer capital expenditure plans [2] - Rockwell secured multi-million dollar strategic orders in key industries, particularly in the U.S. market [2] Analyst Reactions - Citigroup analyst Andrew Kaplowitz maintained a Buy rating and raised the price target from $345 to $350 [5] - Wells Fargo analyst Joseph O'Dea maintained an Overweight rating and increased the price target from $315 to $337 [5] - Baird analyst Richard Eastman maintained an Outperform rating and raised the price target from $305 to $315 [5] - Oppenheimer analyst Noah Kaye maintained an Outperform rating and increased the price target from $300 to $320 [5]