Rockwell Automation Stock Price, News & Analysis (NYSE:ROK)

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last year. There are currently 3 sell ratings, 8 hold ratings and 4 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 stock. Their ROK share price targets range from $220.00 to $375.00. On average, they expect the company's share price to reach $299.20 in the next year. This suggests a possible upside of 7.4% from the stock's current price.
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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 8.1% and is now trading at $278.53.
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Rockwell Automation saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 2,360,000 shares, a decrease of 19.2% from the October 31st total of 2,920,000 shares. Based on an average daily volume of 870,800 shares, the short-interest ratio is presently 2.7 days. Approximately 2.1% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our ROK earnings forecast.

Rockwell Automation, Inc. (NYSE:ROK) announced its quarterly earnings data on Thursday, November, 2nd. The industrial products company reported $3.64 earnings per share for the quarter, topping analysts' consensus estimates of $3.49 by $0.15. The industrial products company earned $2.56 billion during the quarter, compared to analysts' expectations of $2.44 billion. Rockwell Automation had a net margin of 15.32% and a trailing twelve-month return on equity of 40.19%.

Rockwell Automation declared a quarterly dividend on Thursday, October 26th. Stockholders of record on Monday, November 13th will be paid a dividend of $1.25 per share on Monday, December 11th. This represents a $5.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, November 10th. This is an increase from the stock's previous quarterly dividend of $1.18.
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 1.80%. 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 41.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROK will have a dividend payout ratio of 36.34% 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), Tema American Reshoring ETF (RSHO), VanEck Robotics ETF (IBOT), TCW Transform Systems ETF (NETZ), Global X U.S. Infrastructure Development ETF (PAVE), TCW Transform Supply Chain ETF (SUPP) and VanEck Morningstar ESG Moat ETF (MOTE).

Rockwell Automation announced that its Board of Directors has approved a share buyback plan on Tuesday, May 3rd 2022, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Rockwell Automation issued an update on its FY24 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $12.00 to $13.50 for the period, compared to the consensus EPS estimate of $13.21.

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 a number of retail and institutional investors. Top institutional investors include Morgan Stanley (2.75%), JPMorgan Chase & Co. (2.40%), Massachusetts Financial Services Co. MA (1.66%), UBS Group AG (1.32%), Northern Trust Corp (1.22%) and Lazard Asset Management LLC (1.00%). 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, Scott Genereux, Steven W Etzel, Sujeet Chand, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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