Rockwell Automation Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last twelve months. 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 Wall Street research analysts have issued twelve-month target prices for Rockwell Automation's shares. Their ROK stock forecasts range from $185.00 to $390.00. On average, they expect Rockwell Automation's share price to reach $260.76 in the next twelve months. This suggests a possible upside of 31.9% from the stock's current price.
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Rockwell Automation's stock was trading at $348.85 at the beginning of the year. Since then, ROK shares have decreased by 43.3% and is now trading at $197.73.
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Rockwell Automation saw a increase in short interest in 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 trading volume of 1,050,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.3% of the shares of the company 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) released its quarterly earnings results on Tuesday, May, 3rd. The industrial products company reported $1.66 earnings per share (EPS) 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 analysts' expectations of $1.98 billion. Rockwell Automation had a net margin of 8.81% and a trailing twelve-month return on equity of 35.96%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $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 given a dividend of $1.12 per share on Monday, September 12th. This represents a $4.48 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, August 12th.
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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.
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Rockwell Automation declared that its board has approved a share buyback plan on Tuesday, May 3rd 2022, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Rockwell Automation issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $9.20-$9.80 for the period, compared to the consensus EPS 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), II-VI (IIVI), Acuity Brands (AYI), 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."

Rockwell Automation's stock is owned by a number of retail and institutional investors. Top institutional investors include Ellenbecker Investment Group (0.00%). Company insiders that own Rockwell Automation stock include Blake D Moret, Brian A Shepherd, Christopher Nardecchia, Cyril Perducat, David M Dorgan, 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, Patricia A Watson, Patrick P Goris, Rebecca W House, Robert B Murphy, Steven W Etzel, Sujeet Chand, Terry L Riesterer and Thomas Donato.
View institutional ownership trends for Rockwell Automation.

ROK stock was purchased by a variety of institutional investors in the last quarter, including Ellenbecker Investment Group.
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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 $197.73.

Rockwell Automation (NYSE:ROK) has a market capitalization of $22.99 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.