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 brokers 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 anticipate the company's share price to reach $263.24 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
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Rockwell Automation's stock was trading at $257.57 at the start of the year. Since then, ROK stock has increased by 8.1% and is now trading at $278.42.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our ROK earnings forecast.

Rockwell Automation, Inc. (NYSE:ROK) posted its quarterly earnings results on Thursday, January, 26th. The industrial products company reported $2.46 EPS for the quarter, beating the consensus estimate of $1.81 by $0.65. The industrial products company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. Rockwell Automation had a net margin of 13.63% and a trailing twelve-month return on equity of 38.70%. The business's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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 paid a dividend of $1.18 per share on Friday, March 10th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend 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 39.04% 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 stock buyback plan 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 buy up to 4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Rockwell Automation updated its FY23 earnings guidance on Thursday, January, 26th. The company provided earnings per share guidance of $10.70-$11.50 for the period, compared to the consensus 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 variety of institutional and retail investors. Top institutional shareholders 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 $278.42.

Rockwell Automation (NYSE:ROK) has a market capitalization of $31.96 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.