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.

Rockwell Automation Stock Up 2.4 %

Shares of ROK Stock traded up $5.93 during mid-day trading on Friday, reaching $257.76. 472,404 shares of the company were exchanged, compared to its average volume of 992,484. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.76 and a current ratio of 1.06. The business's 50 day simple moving average is $216.46 and its 200 day simple moving average is $241.59. The company has a market capitalization of $29.75 billion, a P/E ratio of 44.98, a P/E/G ratio of 2.78 and a beta of 1.47. Rockwell Automation has a fifty-two week low of $190.08 and a fifty-two week high of $354.99.

Rockwell Automation (NYSE:ROK - Get Rating) last released its earnings results on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.33. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Rockwell Automation had a net margin of 9.03% and a return on equity of 37.06%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.31 EPS. Research analysts predict that Rockwell Automation will post 9.4 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Monday, August 15th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, August 12th. Rockwell Automation's dividend payout ratio is currently 78.18%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Rockwell Automation from $220.00 to $200.00 in a research report on Thursday, May 5th. Barclays dropped their target price on shares of Rockwell Automation from $200.00 to $190.00 in a research report on Friday, July 8th. Robert W. Baird reduced their price target on shares of Rockwell Automation from $310.00 to $255.00 in a research report on Wednesday, May 4th. UBS Group dropped their price objective on shares of Rockwell Automation to $205.00 in a research report on Wednesday, May 25th. Finally, Morgan Stanley reduced their target price on shares of Rockwell Automation from $277.00 to $260.00 and set an "overweight" rating on the stock in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of "Hold" and an average price target of $251.35.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Cyril Perducat sold 664 shares of the firm's stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $217.75, for a total transaction of $144,586.00. Following the completion of the sale, the senior vice president now directly owns 1,576 shares in the company, valued at $343,174. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Rockwell Automation news, VP John M. Miller sold 1,200 shares of the business's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $253.10, for a total value of $303,720.00. Following the completion of the sale, the vice president now owns 4,508 shares of the company's stock, valued at $1,140,974.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Cyril Perducat sold 664 shares of Rockwell Automation stock in a transaction 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 completion of 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. 0.68% of the stock is currently owned by corporate insiders.