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 year. There are currently 4 sell ratings, 6 hold ratings and 5 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 Wall Street analysts have issued 12 month price targets for Rockwell Automation's shares. Their ROK share price forecasts range from $195.00 to $335.00. On average, they expect the company's stock price to reach $263.24 in the next year. This suggests that the stock has a possible downside of 5.4%.
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Rockwell Automation's stock was trading at $257.57 at the beginning of 2023. Since then, ROK stock has increased by 8.1% and is now trading at $278.40.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Rockwell Automation, Inc. (NYSE:ROK) released its earnings results on Thursday, January, 26th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.65. The industrial products company earned $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. Rockwell Automation had a trailing twelve-month return on equity of 38.70% and a net margin of 13.63%. Rockwell Automation's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $2.14 earnings per share.
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Rockwell Automation declared a quarterly dividend on Wednesday, February 8th. Shareholders of record on Tuesday, February 21st will be given a dividend of $1.18 per share on Friday, March 10th. This represents a $4.72 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, February 17th.
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), TrueMark ESG Active Opportunities ETF (ECOZ), VanEck Morningstar ESG Moat ETF (MOTE), Global X U.S. Infrastructure Development ETF (PAVE), IQ Clean Oceans ETF (OCEN) and Dividend Performers ETF (IPDP).

Rockwell Automation (NYSE:ROK) pays an annual dividend of $4.72 per share and currently has a dividend yield of 1.70%. 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 51.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROK will have a dividend payout ratio of 39.33% 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 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 reacquire up to 4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Rockwell Automation issued an update on its FY23 earnings guidance on Thursday, January, 26th. The company provided EPS guidance of $10.70-$11.50 for the period, compared to the consensus earnings per share estimate of $10.71. The company issued revenue guidance of $8.54-$8.85 billion, compared to the consensus revenue estimate of $8.45 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 a number of retail and institutional investors. Top institutional investors include Alecta Tjanstepension Omsesidigt (2.63%), Morgan Stanley (2.39%), Geode Capital Management LLC (2.02%), JPMorgan Chase & Co. (2.02%), Amundi (1.88%) and Bank of America Corp DE (1.70%). 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, James Phillip Holloman, John A Genovesi, 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 $278.40.

Rockwell Automation (NYSE:ROK) has a market capitalization of $31.95 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 $9.23 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.