Rockwell Automation (ROK) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last twelve months. There are currently 4 sell ratings, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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 equities research analysts have issued twelve-month target prices for Rockwell Automation's stock. Their ROK share price forecasts range from $195.00 to $375.00. On average, they expect the company's stock price to reach $289.00 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price.
View analysts price targets for ROK or view top-rated stocks among Wall Street analysts.

Rockwell Automation's stock was trading at $257.57 at the beginning of 2023. Since then, ROK stock has increased by 10.4% and is now trading at $284.42.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ROK earnings forecast.

Rockwell Automation, Inc. (NYSE:ROK) released its quarterly earnings results on Tuesday, August, 1st. The industrial products company reported $3.01 earnings per share for the quarter, missing analysts' consensus estimates of $3.19 by $0.18. The industrial products company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.33 billion. Rockwell Automation had a net margin of 16.51% and a trailing twelve-month return on equity of 40.33%. The firm's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.66 EPS.
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Rockwell Automation declared a quarterly dividend on Tuesday, June 13th. Stockholders of record on Monday, August 14th will be paid a dividend of $1.18 per share on Monday, September 11th. This represents a $4.72 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, August 11th.
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), Engine No. 1 Transform Climate ETF (NETZ), Global X U.S. Infrastructure Development ETF (PAVE), Engine No. 1 Transform Supply Chain ETF (SUPP) and VanEck Morningstar ESG Moat ETF (MOTE).

Rockwell Automation (NYSE:ROK) pays an annual dividend of $4.72 per share and currently has a dividend yield of 1.69%. 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 38.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROK will have a dividend payout ratio of 35.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROK.

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

Rockwell Automation updated its FY23 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $11.70-$12.10 for the period, compared to the consensus EPS estimate of $12.03. The company issued revenue guidance of $8.85-$9.0 billion, compared to the consensus revenue estimate of $8.94 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 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 Bank Julius Baer & Co. Ltd Zurich (265.34%), BlackRock Inc. (7.96%), Capital World Investors (5.11%), State Street Corp (3.93%), JPMorgan Chase & Co. (2.33%) and Geode Capital Management LLC (2.15%). 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, 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 $284.42.

Rockwell Automation (NYSE:ROK) has a market capitalization of $32.67 billion and generates $8.62 billion in revenue each year. The industrial products company earns $932.20 million in net income (profit) each year or $12.26 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.