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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ROK. StockNews.com raised shares of Rockwell Automation from a "sell" rating to a "hold" rating in a report on Saturday, July 23rd. 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. reduced their target price on shares of Rockwell Automation from $220.00 to $200.00 in a research note on Thursday, May 5th. Mizuho reduced their target price on shares of Rockwell Automation from $215.00 to $200.00 and set a "neutral" rating for the company in a research note on Monday, July 18th. Finally, Robert W. Baird reduced their target price on shares of Rockwell Automation from $310.00 to $255.00 in a research note on Wednesday, May 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $251.35.

Rockwell Automation Stock Performance

Shares of ROK Stock traded up $1.87 on Tuesday, reaching $260.69. The stock had a trading volume of 7,711 shares, compared to its average volume of 964,007. 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 firm's 50-day moving average is $217.34 and its two-hundred day moving average is $240.69. The firm has a market capitalization of $30.09 billion, a price-to-earnings ratio of 45.17, a P/E/G ratio of 2.83 and a beta of 1.47. Rockwell Automation has a 12 month low of $190.08 and a 12 month high of $354.99.

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

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Monday, August 15th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $4.48 annualized dividend and a yield of 1.72%. Rockwell Automation's dividend payout ratio is currently 78.18%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 1,200 shares of the stock in a transaction dated Friday, July 29th. The shares were 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 of the company's stock, valued at approximately $1,140,974.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Rockwell Automation news, VP John M. Miller sold 1,200 shares of the stock in a transaction dated Friday, July 29th. The shares were 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 of the company's stock, valued at approximately $1,140,974.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cyril Perducat sold 664 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $217.75, for a total transaction of $144,586.00. Following the transaction, the senior vice president now owns 1,576 shares in the company, valued at approximately $343,174. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.