Abstract: To align pipe mill rollers and the like both vertically and axially, targets are clamped to the rolls. Each target carries a block formed with a hole, which hole is a fixed distance above the surface of the target which engages the edges of a roll. The block is mounted for transverse movement and carries a horizontally movable indicator which may be aligned with a mark on the center of the roll. A laser instrument is located so that its beam is horizontal and will pass through each hole of each block of each target when the rolls are properly aligned. The targets carry level bubbles to insure vertical positioning of the targets and also may carry supports which engage opposite sides of the roll flanges to insure that the targets are vertical. The workman observes the point where the beam shows on the block and adjusts the bearings for the roll vertically so that the beam is at the level of the hole.