In yesterday’s Wall Street session, Rockwell Automation Inc. (NYSE:ROK) shares traded at $304.28, down -2.13% from the previous session.
As of this writing, 25 analysts cover Rockwell Automation Inc. (NYSE:ROK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $375.00 and a low of $210.00, we find $320.00. Given the previous closing price of $310.91, this indicates a potential upside of 2.92 percent. ROK stock price is now -3.67% away from the 50-day moving average and 7.60% away from the 200-day moving average. The market capitalization of the company currently stands at $34.64B.
There are 12 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $312.95 as their price target over the next twelve months.
In other news, Woods Isaac, Vice President and Treasurer sold 150 shares of the company’s stock on Jun 28. The stock was sold for $48,750 at an average price of $325.00. Upon completion of the transaction, the Vice President and Treasurer now directly owns 940 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13, Senior Vice President Kulaszewicz Frank C sold 7,729 shares of the business’s stock. A total of $2,395,990 was realized by selling the stock at an average price of $310.00. This leaves the insider owning 13,660 shares of the company worth $4.16 million. Insiders disposed of 80,107 shares of company stock worth roughly $24.37 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 ARTISAN PARTNERS LIMITED PARTNERSHIP during the first quarter worth $92,934,000. LORD, ABBETT & CO. LLC invested $88,109,000 in shares of ROK during the first quarter. In the first quarter, EAGLE ASSET MANAGEMENT INC acquired a new stake in Rockwell Automation Inc. valued at approximately $65,028,000. BROOKFIELD CORP /ON/ acquired a new stake in ROK for approximately $29,138,000. KBC GROUP NV purchased a new stake in ROK valued at around $28,402,000 in the second quarter.
Wednesday morning saw Rockwell Automation Inc. (NYSE: ROK) opened at $310.01. During the past 12 months, Rockwell Automation Inc. has had a low of $209.27 and a high of $348.52. As of last week, the company has a debt-to-equity ratio of 1.26, a current ratio of 1.10, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $39.59B, which is based on a 26.79 price-to-earnings ratio, a 1.61 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for ROK is $316.32 and a two-hundred day moving average price translates $283.16 for the stock.
According to the Specialty Industrial Machinery Company, earnings per share came in at $3.01, missing analysts’ expectations of $3.17 by -0.16. This compares to $2.53 EPS in the same period last year. The net profit margin was 15.80% and return on equity was 47.10% for ROK. The company reported revenue of $2.24 billion for the quarter, compared to $1.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.71 percent. For the current quarter, analysts expect ROK to generate $2.39B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/11/2023. Investors who held shares on 08/14/2023 were paid a $1.18 dividend. On an annualized basis, this represents a $4.72 dividend and a 1.55% percent yield. There was an ex-dividend date of 08/11/2023 for this dividend. In terms of dividend payout ratio, ROK is presently at 40.30%.
