Rockwell Automation - ROK Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last year. There are currently 3 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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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14 brokerages have issued 1 year price objectives for Rockwell Automation's shares. Their ROK share price forecasts range from $185.00 to $297.00. On average, they expect the company's share price to reach $245.63 in the next twelve months. This suggests that the stock has a possible downside of 12.9%.
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Rockwell Automation's stock was trading at $257.57 at the beginning of 2023. Since then, ROK shares have increased by 9.4% and is now trading at $281.87.
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Rockwell Automation, Inc. (NYSE:ROK) released its quarterly earnings data on Thursday, January, 26th. The industrial products company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.65. The industrial products company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. Rockwell Automation had a net margin of 12.01% and a trailing twelve-month return on equity of 38.84%. Rockwell Automation's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.14 EPS.

Rockwell Automation announced a quarterly dividend on Thursday, October 27th. Shareholders of record on Monday, November 14th will be paid a dividend of $1.18 per share on Monday, December 12th. This represents a $4.72 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, November 10th. This is an increase from the stock's previous quarterly dividend of $1.12.
Read our dividend analysis for ROK.

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 59.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROK will have a dividend payout ratio of 40.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROK.

Rockwell Automation declared that its Board of Directors has initiated 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 repurchase up to 4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Rockwell Automation updated its FY23 earnings guidance on Thursday, January, 26th. The company provided earnings per share (EPS) guidance of $10.70-$11.50 for the period, compared to the consensus EPS 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 retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (0.27%), Stephens Investment Management Group LLC (0.13%), Ceredex Value Advisors LLC (0.12%), DNB Asset Management AS (0.10%), Abeille Asset Management SA (0.08%) and Confluence Investment Management LLC (0.07%). 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, Steven W Etzel, Sujeet Chand, Terry L Riesterer, 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 $281.87.

Rockwell Automation (NYSE:ROK) has a market capitalization of $32.37 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 $7.97 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.