The stock of Rockwell Automation Inc. (NYSE:ROK) increased by $4.84 on Friday to finish at $303.31, up 1.62 percent. The last five days have seen an average of 562,020 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $45.74. The average number of shares traded over the last 20 days was 852,430, while the average volume over the last 50 days totaled 741,572.
ROK stock dropped -8.17% since last month. On 08/18/23, the company’s shares reached a one-month low of $287.90. The stock touched a high of $348.52 on 07/18/23, after rallying from a low of $209.27 in 52 weeks. The price of ROK stock has risen by 17.76% or $45.74 this year, reaching a new high 27 times. Still, the stock price is down -12.97% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
ROK stock investors should be aware that Rockwell Automation Inc. (ROK) stock had its last reported insider trading activity 13 days ago on Aug 15. On Aug 15, Sr.VP, Chief Revenue Officer GENEREUX SCOTT sold 500 shares at $297.62 each. This transaction resulted in the insider making $148,810. On Aug 04, Myers Tessa M. sold 677 shares at a price of US$301.18. After the transaction, the insider now owns 2,880 shares. Vice President and Treasurer Woods Isaac had earlier sold 150 shares on Jun 28 for $325.00 a share. The transaction was completed for $48,750.
Valuation Metrics
Rockwell Automation Inc. (ROK) has a trailing price-to-earnings (P/E) ratio of 24.75. Beta for the stock is 1.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.98, the price-to-book (PB) ratio of 10.42, and the price-to-cash flow ratio of 43.05.
Company paid $1.18 per share in dividends, remained unchanged from $1.18 last year. A $0.06 dividend increase was reported on Thursday October 27 2022.
Financial Health
For the three months ended June 29, Rockwell Automation Inc.’s quick ratio was 0.80, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.86, and the total debt to equity ratio is 1.12. As far as profitability goes, gross margin for the trailing twelve months is 41.20% percent. Rockwell Automation Inc.’s EBITDA margin for the year ended June 29 was 20.00%, whereas its operating margin stood at 19.70% for the same period. Based on annual data, it had gross profit of $3.1 billion and revenue of $7.76 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ROK’s return on assets (ROA) during the last 12 months has been 12.60%. There was a 14.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 46.70%.
Earnings Surprise
According to Rockwell Automation Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.24 billion, while revenues rose by 12.06% to $2.27 billion. It was predicted that Rockwell Automation Inc.’s quarterly earnings would be $3.01, but it ended up being $3.17, beating the consensus by -5.00%. EBITDA was $568.3 million for the quarter. At the end of Rockwell Automation Inc.’s most recent quarter ended June 29, its liabilities totaled 8.12 billion, while its total debt was $4.09 billion. Equity owned by shareholders amounts to $114.86 million.
Technical Picture
Here’s a quick look at Rockwell Automation Inc.’s (ROK) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 53.00%, suggesting the stock is Neutral, with a 14.87% historical volatility rate.
The stochastic %K and %D were 54.16% and 39.10% respectively, while the average true range (ATR) was 6.32. Based on the 14-day stochastic reading of 75.91%, the RSI (14) reading is 46.89%. On the 9-day MACD Oscillator, the stock is at 4.15, and the 14-day reading is at 2.30.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on Rockwell Automation Inc. (NYSE: ROK) to a Peer perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Rockwell Automation Inc. (ROK) an Hold rating. ROK is a stock that is recommended for selling by 4 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 3 rates it overweight and 5 others recommend it as a buy.
What is ROK’s price target for the next 12 months?
The current consensus forecast for the stock is between $210.00 and $375.00, with a median target price of $320.00. In analyzing these forecasts, the average price target given by analysts for Rockwell Automation Inc. (ROK) is $313.52.
