Rockwell Automation (ROK) Stock Price, News & Analysis

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last year. There are currently 3 sell ratings, 6 hold ratings and 5 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.
View ROK analyst ratings or view top-rated stocks.

14 Wall Street research analysts have issued 12-month price targets for Rockwell Automation's stock. Their ROK share price targets range from $220.00 to $375.00. On average, they expect the company's stock price to reach $303.60 in the next year. This suggests that the stock has a possible downside of 2.2%.
View analysts price targets for ROK or view top-rated stocks among Wall Street analysts.

Rockwell Automation's stock was trading at $257.57 at the beginning of the year. Since then, ROK stock has increased by 20.5% and is now trading at $310.48.
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Rockwell Automation saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 2,360,000 shares, a decline of 19.2% from the October 31st total of 2,920,000 shares. Based on an average daily volume of 870,800 shares, the short-interest ratio is currently 2.7 days. Approximately 2.1% of the company's shares are sold short.
View Rockwell Automation's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our ROK earnings forecast.

Rockwell Automation, Inc. (NYSE:ROK) posted its quarterly earnings results on Thursday, November, 2nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.15. The industrial products company earned $2.56 billion during the quarter, compared to analyst estimates of $2.44 billion. Rockwell Automation had a trailing twelve-month return on equity of 40.19% and a net margin of 15.32%.

Rockwell Automation declared a quarterly dividend on Thursday, October 26th. Shareholders of record on Monday, November 13th will be given a dividend of $1.25 per share on Monday, December 11th. This represents a $5.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, November 10th. This is a boost from the stock's previous quarterly dividend of $1.18.
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 1.61%. 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 41.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROK will have a dividend payout ratio of 36.34% 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), VanEck Robotics ETF (IBOT), TCW Transform Systems ETF (NETZ), Global X U.S. Infrastructure Development ETF (PAVE), TCW Transform Supply Chain ETF (SUPP) and VanEck Morningstar ESG Moat ETF (MOTE).

Rockwell Automation declared that its Board of Directors has approved a share buyback program on Tuesday, May 3rd 2022, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Rockwell Automation updated its FY24 earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $12.00 to $13.50 for the period, compared to the consensus estimate of $13.21.

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).

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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