Rockwell Automation - ROK Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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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12 Wall Street analysts have issued 1 year target prices for Rockwell Automation's shares. Their ROK share price forecasts range from $185.00 to $315.00. On average, they predict the company's stock price to reach $240.29 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for ROK or view top-rated stocks among Wall Street analysts.

Rockwell Automation's stock was trading at $348.85 at the beginning of 2022. Since then, ROK stock has decreased by 30.1% and is now trading at $243.93.
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Rockwell Automation saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 2,160,000 shares, a drop of 22.0% from the July 31st total of 2,770,000 shares. Based on an average daily volume of 988,500 shares, the short-interest ratio is currently 2.2 days. Currently, 1.9% of the company's shares are short sold.
View Rockwell Automation's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our ROK earnings forecast.

Rockwell Automation, Inc. (NYSE:ROK) released its quarterly earnings results on Wednesday, July, 27th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates of $2.33 by $0.33. The industrial products 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 trailing twelve-month return on equity of 37.06%. The company's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS.
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Rockwell Automation declared a quarterly dividend on Wednesday, June 1st. Investors 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 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, August 12th.
Read our dividend analysis for ROK.

Rockwell Automation (NYSE:ROK) pays an annual dividend of $4.48 per share and currently has a dividend yield of 1.88%. 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 78.18%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ROK will have a dividend payout ratio of 40.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROK.

Rockwell Automation announced that its board has initiated a share buyback program on Tuesday, May 3rd 2022, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Rockwell Automation updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $9.30-$9.70 for the period, compared to the consensus EPS estimate of $9.28. The company issued revenue guidance of $7.73 billion-$7.87 billion, compared to the consensus revenue estimate of $7.76 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 shareholders include State Street Corp (3.96%), Alecta Tjanstepension Omsesidigt (2.56%), JPMorgan Chase & Co. (2.05%), Amundi (1.68%), Northern Trust Corp (1.10%) and Lazard Asset Management LLC (1.02%). Insiders that own company 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.
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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 $243.93.

Rockwell Automation (NYSE:ROK) has a market capitalization of $28.16 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 $5.73 on an earnings per share basis.

The company 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 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.