Rockwell Automation (ROK) Stock Price, News & Analysis

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last year. There are currently 2 sell ratings, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ROK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROK, but not buy additional shares or sell existing shares.
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14 analysts have issued twelve-month price targets for Rockwell Automation's shares. Their ROK share price targets range from $254.00 to $360.00. On average, they anticipate the company's stock price to reach $307.93 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
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Rockwell Automation's stock was trading at $310.48 at the start of the year. Since then, ROK shares have decreased by 12.9% and is now trading at $270.50.
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Rockwell Automation saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,830,000 shares, an increase of 28.1% from the March 15th total of 2,210,000 shares. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.5% of the company's stock are short sold.
View Rockwell Automation's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our ROK earnings forecast.

Rockwell Automation, Inc. (NYSE:ROK) announced its quarterly earnings results on Wednesday, May, 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.35. The industrial products company earned $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a net margin of 13.35% and a trailing twelve-month return on equity of 37.22%. The firm's quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.01 EPS.
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Rockwell Automation announced a quarterly dividend on Tuesday, April 9th. Stockholders of record on Monday, May 13th will be paid a dividend of $1.25 per share on Monday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, May 10th.
Read our dividend analysis for ROK.

Rockwell Automation (NYSE:ROK) pays an annual dividend of $5.00 per share and currently has a dividend yield of 1.82%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 47.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROK will have a dividend payout ratio of 37.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROK.

ETFs with the largest weight of Rockwell Automation (NYSE:ROK) stock in their portfolio include Gabelli Automation ETF (GAST), ProShares S&P Kensho Smart Factories ETF (MAKX), VanEck Morningstar Wide Moat Growth ETF (MGRO), Tema American Reshoring ETF (RSHO), IQ Clean Oceans ETF (OCEN), Global X U.S. Infrastructure Development ETF (PAVE), Pacer Industrials and Logistics ETF (SHPP) and VanEck Morningstar ESG Moat ETF (MOTE).

Rockwell Automation issued an update on its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of 10.000-11.000 for the period, compared to the consensus earnings per share estimate of 11.920. The company issued revenue guidance of $8.5 billion-$8.7 billion, compared to the consensus revenue estimate of $9.1 billion.

442 employees have rated Rockwell Automation Chief Executive Officer Blake Moret on Glassdoor.com. Blake Moret has an approval rating of 91% among the company's employees. This puts Blake Moret in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rockwell Automation investors own include Intel (INTC), NVIDIA (NVDA), Cisco Systems (CSCO), QUALCOMM (QCOM), Walt Disney (DIS), Micron Technology (MU), Tesla (TSLA), AbbVie (ABBV), Home Depot (HD) and Lockheed Martin (LMT).

Rockwell Automation's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.83%), Bank of New York Mellon Corp (0.69%), Mirae Asset Global Investments Co. Ltd. (0.45%), Nordea Investment Management AB (0.40%), Blair William & Co. IL (0.35%) and Swiss National Bank (0.30%). Insiders that own company stock include Blake D Moret, Brian A Shepherd, Christopher Nardecchia, Cyril Perducat, Elik I Fooks, Elik I Fooks, Ernest Nicolas, Francis Wlodarczyk, Frank C Kulaszewicz, Frank C Kulaszewicz, Isaac Woods, John M Miller, Nicholas C Gangestad, Patricia A Watson, Rebecca W House, Robert L Buttermore, Scott Genereux, Terry L Riesterer, Tessa M Myers and Veena M Lakkundi.
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Shares of ROK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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