Rockwell Automation Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last year. There are currently 2 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Rockwell Automation stock. 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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13 brokerages have issued 1-year price objectives for Rockwell Automation's shares. Their ROK stock forecasts range from $185.00 to $390.00. On average, they expect Rockwell Automation's stock price to reach $260.76 in the next twelve months. This suggests a possible upside of 31.2% from the stock's current price.
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Rockwell Automation's stock was trading at $348.85 at the start of the year. Since then, ROK stock has decreased by 43.0% and is now trading at $198.71.
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Rockwell Automation saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,610,000 shares, an increase of 40.3% from the May 31st total of 1,860,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 2.5 days. Currently, 2.3% of the company's shares are sold short.
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Rockwell Automation is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
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Rockwell Automation, Inc. (NYSE:ROK) posted its quarterly earnings data on Tuesday, May, 3rd. The industrial products company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $2.27 by $0.61. The industrial products company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.98 billion. Rockwell Automation had a trailing twelve-month return on equity of 35.96% and a net margin of 8.81%. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.41 EPS.
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Rockwell Automation declared a quarterly dividend on Wednesday, June 1st. Shareholders of record on Monday, August 15th will be paid a dividend of $1.12 per share on Monday, September 12th. This represents a $4.48 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, August 12th.
View Rockwell Automation's dividend history.

Rockwell Automation(NYSE:ROK) pays an annual dividend of $4.48 per share and currently has a dividend yield of 2.25%. Rockwell Automation 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 of Rockwell Automation is 81.45%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Rockwell Automation will have a dividend payout ratio of 40.95% next year. This indicates that Rockwell Automation will be able to sustain or increase its dividend.
View Rockwell Automation's dividend history.

Rockwell Automation announced that its Board of Directors has initiated a stock buyback program 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 stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

Rockwell Automation updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $9.20-$9.80 for the period, compared to the consensus earnings per share estimate of $10.66. The company issued revenue guidance of $7.77 billion-$8.05 billion, compared to the consensus revenue estimate of $8.14 billion.

442 employees have rated Rockwell Automation CEO Blake Moret on Glassdoor.com. Blake Moret has an approval rating of 91% among Rockwell Automation's employees. This puts Blake Moret in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Rockwell Automation include Eaton (ETN), Emerson Electric (EMR), Roper Technologies (ROP), Enphase Energy (ENPH), AMETEK (AME), Generac (GNRC), Acuity Brands (AYI), II-VI (IIVI), Franklin Electric (FELE), EnerSys (ENS), Brady (BRC), Belden (BDC), Vicor (VICR), Encore Wire (WIRE) and FuelCell Energy (FCEL).
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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."

Shares of ROK 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 $198.71.

Rockwell Automation (NYSE:ROK) has a market capitalization of $23.10 billion and generates $7.00 billion in revenue each year. The industrial products company earns $1.36 billion in net income (profit) each year or $5.50 on an earnings per share basis.

Rockwell Automation employs 24,500 workers across the globe.

Rockwell Automation was founded in 1903.

Rockwell Automation's mailing address is 1201 SOUTH SECOND STREET, MILWAUKEE WI, 53204. The official website for Rockwell Automation 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.