-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We lift our target price to $550 from $465, valuing shares at 33.5x our FY 28 (Sep.) EPS outlook of $16.43 [FY 26 up to $13.00 (from $12.19) and FY 27 to $14.50 (from $13.69)], above ROK's long-term historical multiple average, warranted by structural improvements in margins and alignment to accelerating secular tailwinds. ROK achieved double-digit Y/Y growth in sales and earnings, underpinned by a robust 350-bp expansion in enterprise operating margin. Results were fueled by a broadening out of demand across growth verticals, with sales to e-commerce and warehouse automation surging over 30%, the data center business more than doubling, and semiconductors growing in the high teens. Growth was focused within the high-margin Software & Control business, which grew 17% organically on strong sales tied to ROK's Logix platform that itself grew over 20%. We expect secular demand drivers to remain intact looking ahead, with outsized growth from investments in manufacturing capacity, data centers, and semiconductors.