Rockwell Automation (ROK) Stock Price, News & Analysis

13 Wall Street 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 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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13 Wall Street analysts have issued 1 year target prices for Rockwell Automation's stock. Their ROK share price targets range from $254.00 to $360.00. On average, they expect the company's share price to reach $310.08 in the next year. This suggests a possible upside of 10.2% from the stock's current price.
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Rockwell Automation's stock was trading at $310.48 on January 1st, 2024. Since then, ROK stock has decreased by 9.4% and is now trading at $281.42.
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Rockwell Automation saw a increase in short interest in March. As of March 31st, there was short interest totaling 2,830,000 shares, an increase of 28.1% from the March 15th total of 2,210,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our ROK earnings forecast.

Rockwell Automation, Inc. (NYSE:ROK) released its earnings results on Wednesday, January, 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.62 by $0.58. The industrial products company earned $2.05 billion during the quarter, compared to analysts' expectations of $2.08 billion. Rockwell Automation had a trailing twelve-month return on equity of 37.22% and a net margin of 13.35%. During the same quarter in the previous year, the business earned $2.46 earnings per share.
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Rockwell Automation declared a quarterly dividend on Tuesday, April 9th. Investors of record on Monday, May 13th will be paid a dividend of $1.25 per share on Monday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, May 10th.
Read our dividend analysis for ROK.

Rockwell Automation (NYSE:ROK) pays an annual dividend of $5.00 per share and currently has a dividend yield of 1.76%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 47.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROK will have a dividend payout ratio of 37.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROK.

ETFs with the largest weight of Rockwell Automation (NYSE:ROK) stock in their portfolio include Gabelli Automation ETF (GAST), ProShares S&P Kensho Smart Factories ETF (MAKX), Tema American Reshoring ETF (RSHO), IQ Clean Oceans ETF (OCEN), Global X U.S. Infrastructure Development ETF (PAVE), Pacer Industrials and Logistics ETF (SHPP), VanEck Morningstar ESG Moat ETF (MOTE) and VanEck Robotics ETF (IBOT).

Rockwell Automation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 3rd 2022, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Rockwell Automation updated its FY24 earnings guidance on Wednesday, January, 31st. The company provided earnings per share (EPS) guidance of $12.00-13.50 for the period, compared to the consensus earnings per share estimate of $12.86. The company issued revenue guidance of $9.10-9.65 billion, compared to the consensus revenue estimate of $9.35 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's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.07%), Franklin Street Advisors Inc. NC (0.04%), Congress Asset Management Co. MA (0.03%), M. Kraus & Co (0.03%), Rockland Trust Co. (0.03%) and Fort Pitt Capital Group LLC (0.02%). 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, John M Miller, Nicholas C Gangestad, Patricia A Watson, Rebecca W House, Robert L Buttermore, Scott Genereux, Sujeet Chand, Terry L Riesterer, Tessa M Myers 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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