Rockwell Automation - ROK Stock Forecast, Price & News

Rockwell Automation, Inc. provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services. The Intelligent Devices segment offers drives, motion, safety, sensing, industrial components, and configured-to-order products. The Software & Control segment provides control and visualization software and hardware, information software, digital twin and simulation software, and network and security infrastructure solutions. The Lifecycle Services segment provides consulting, professional services and solutions, and connected and maintenance services. The company sells its solutions primarily through independent distributors in relation with its direct sales force. It serves discrete end markets, including automotive, semiconductor, warehousing and logistics, and other discrete markets, as well as general industries comprising printing and publishing, marine, glass, fiber and textiles, airports, and aerospace; hybrid end markets, such as food and beverage, life sciences, household and personal care, and tire, as well as eco industrial, including water/wastewater, waste management, mass transit, and renewable energy; and process end markets comprising oil and gas, mining, metals, chemicals, pulp and paper, and others. Rockwell Automation, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin.

Rockwell Automation Price Performance

Shares of ROK traded down $3.51 during trading hours on Tuesday, reaching $247.05. 10,040 shares of the company traded hands, compared to its average volume of 949,515. The company has a quick ratio of 0.76, a current ratio of 1.06 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $28.52 billion, a PE ratio of 43.73, a price-to-earnings-growth ratio of 2.77 and a beta of 1.47. Rockwell Automation has a fifty-two week low of $190.08 and a fifty-two week high of $354.99. The stock has a fifty day simple moving average of $213.65 and a 200 day simple moving average of $242.20.

Rockwell Automation (NYSE:ROK - Get Rating) last released its earnings results on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.33. Rockwell Automation had a return on equity of 37.06% and a net margin of 9.03%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business posted $2.31 earnings per share. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts predict that Rockwell Automation will post 9.4 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Monday, August 15th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $4.48 annualized dividend and a yield of 1.81%. Rockwell Automation's dividend payout ratio (DPR) is presently 78.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ROK. HSBC dropped their price objective on shares of Rockwell Automation from $293.00 to $240.00 in a research note on Tuesday, May 10th. Credit Suisse Group set a $219.00 target price on shares of Rockwell Automation in a research note on Tuesday, July 19th. JPMorgan Chase & Co. lowered their target price on shares of Rockwell Automation from $220.00 to $200.00 in a research note on Thursday, May 5th. Robert W. Baird reduced their price target on Rockwell Automation from $310.00 to $255.00 in a report on Wednesday, May 4th. Finally, Oppenheimer reduced their price target on Rockwell Automation from $360.00 to $290.00 in a report on Wednesday, May 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $251.35.

Insider Transactions at Rockwell Automation

In other news, VP John M. Miller sold 1,200 shares of the firm's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $253.10, for a total value of $303,720.00. Following the transaction, the vice president now directly owns 4,508 shares in the company, valued at approximately $1,140,974.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP John M. Miller sold 1,200 shares of the firm's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $253.10, for a total transaction of $303,720.00. Following the sale, the vice president now directly owns 4,508 shares in the company, valued at approximately $1,140,974.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Cyril Perducat sold 664 shares of the firm's stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $217.75, for a total value of $144,586.00. Following the sale, the senior vice president now owns 1,576 shares of the company's stock, valued at approximately $343,174. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.