Rockwell Automation (ROK) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last year. There are currently 4 sell ratings, 6 hold ratings and 5 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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15 analysts have issued 12-month target prices for Rockwell Automation's shares. Their ROK share price forecasts range from $195.00 to $335.00. On average, they expect the company's share price to reach $271.67 in the next twelve months. This suggests that the stock has a possible downside of 11.1%.
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Rockwell Automation's stock was trading at $257.57 at the start of the year. Since then, ROK shares have increased by 18.6% and is now trading at $305.50.
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Rockwell Automation saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,610,000 shares, a decline of 15.5% from the April 15th total of 3,090,000 shares. Based on an average daily volume of 683,200 shares, the short-interest ratio is presently 3.8 days. Currently, 2.3% of the company's stock are sold short.
View Rockwell Automation's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our ROK earnings forecast.

Rockwell Automation, Inc. (NYSE:ROK) posted its earnings results on Thursday, April, 27th. The industrial products company reported $3.01 EPS for the quarter, topping analysts' consensus estimates of $2.60 by $0.41. The industrial products company earned $2.28 billion during the quarter, compared to analyst estimates of $2.09 billion. Rockwell Automation had a net margin of 15.82% and a trailing twelve-month return on equity of 42.15%. The firm's quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 EPS.
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Rockwell Automation declared a quarterly dividend on Tuesday, April 4th. Shareholders of record on Monday, May 15th will be given a dividend of $1.18 per share on Monday, June 12th. This represents a $4.72 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, May 12th.
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), Engine No. 1 Transform Climate ETF (NETZ), ProShares S&P Kensho Smart Factories ETF (MAKX), TrueShares ESG Active Opportunities ETF (ECOZ), Global X U.S. Infrastructure Development ETF (PAVE), VanEck Morningstar ESG Moat ETF (MOTE), IQ Clean Oceans ETF (OCEN) and Engine No. 1 Transform Supply Chain ETF (SUPP).

Rockwell Automation (NYSE:ROK) pays an annual dividend of $4.72 per share and currently has a dividend yield of 1.58%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROK will have a dividend payout ratio of 37.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROK.

Rockwell Automation declared that its board has approved a stock repurchase program on Tuesday, May 3rd 2022, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Rockwell Automation issued an update on its FY23 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $11.50-$12.20 for the period, compared to the consensus EPS estimate of $11.29.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ROK."

Rockwell Automation's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (3.85%), Alecta Tjanstepension Omsesidigt (2.53%), JPMorgan Chase & Co. (2.30%), Geode Capital Management LLC (2.07%), UBS Group AG (1.38%) and Price T Rowe Associates Inc. MD (1.05%). 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, Patrick P Goris, Rebecca W House, Robert B Murphy, Scott Genereux, Steven W Etzel, Sujeet Chand, Terry L Riesterer, Tessa M Myers, Thomas Donato 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ROK stock can currently be purchased for approximately $305.50.

Rockwell Automation (NYSE:ROK) has a market capitalization of $35.10 billion and generates $7.76 billion in revenue each year. The industrial products company earns $932.20 million in net income (profit) each year or $11.36 on an earnings per share basis.

The company employs 26,000 workers across the globe.

Rockwell Automation's mailing address is 1201 SOUTH SECOND STREET, MILWAUKEE WI, 53204. The official website for the company is www.rockwellautomation.com. The industrial products company can be reached via phone at (414) 382-2000, via email at njfranz@ra.rockwell.com, or via fax at 414-382-4444.