The stock of Rockwell Automation Inc. (NYSE:ROK) last traded at $298.92, down -1.12% from the previous session.
ROK stock price is now 5.99% away from the 50-day moving average and 21.30% away from the 200-day moving average. The market capitalization of the company currently stands at $33.63B.
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On August 17, 2022, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $290, while ‘Mizuho’ rates the stock as ‘Neutral’.
In other news, Gangestad Nicholas C, Sr. VP and CFO sold 1,975 shares of the company’s stock on Mar 02. The stock was sold for $581,142 at an average price of $294.25. Upon completion of the transaction, the Sr. VP and CFO now directly owns 7,757 shares in the company, valued at $2.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27, Vice President and Treasurer Woods Isaac sold 100 shares of the business’s stock. A total of $29,433 was realized by selling the stock at an average price of $294.33. This leaves the insider owning 452 shares of the company worth $0.14 million. Insiders disposed of 39,437 shares of company stock worth roughly $11.79 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ROK stock. A new stake in Rockwell Automation Inc. shares was purchased by CEREDEX VALUE ADVISORS LLC during the first quarter worth $41,214,000. AGF MANAGEMENT LTD invested $40,825,000 in shares of ROK during the first quarter. In the first quarter, ABEILLE ASSET MANAGEMENT SA acquired a new stake in Rockwell Automation Inc. valued at approximately $26,618,000. EXCHANGE TRADED CONCEPTS, LLC acquired a new stake in ROK for approximately $22,394,000. FARMER STEVEN PATRICK purchased a new stake in ROK valued at around $21,821,000 in the second quarter. In total, there are 1,418 active investors with 82.60% ownership of the company’s stock.
With an opening price of $304.48 on Thursday morning, Rockwell Automation Inc. (NYSE: ROK) set off the trading day. During the past 12 months, Rockwell Automation Inc. has had a low of $190.08 and a high of $307.28. As of last week, the company has a debt-to-equity ratio of 1.38, a current ratio of 1.00, and a quick ratio of 0.70. The fifty day moving average price for ROK is $282.02 and a two-hundred day moving average price translates $246.42 for the stock.
The latest earnings results from Rockwell Automation Inc. (NYSE: ROK) was released for Dec, 2022. According to the Specialty Industrial Machinery Company, earnings per share came in at $2.46, beating analysts’ expectations of $1.88 by 0.58. This compares to $2.04 EPS in the same period last year. The net profit margin was 13.60% and return on equity was 40.20% for ROK. The company reported revenue of $1.98 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.66 percent. For the current quarter, analysts expect ROK to generate $2.09B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/10/2023. Investors who held shares on 02/21/2023 were paid a $1.18 dividend. On an annualized basis, this represents a $4.72 dividend and a 1.58% percent yield. There was an ex-dividend date of 02/17/2023 for this dividend. In terms of dividend payout ratio, ROK is presently at 48.90%.
Rockwell Automation Inc.(ROK) Company Profile
Rockwell Automation, Inc. provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through 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, 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, and warehousing and logistics, 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.
