Rockwell Automation Inc (NYSE: ROK) is -11.00% lower on its value in year-to-date trading and has touched a low of $252.11 and a high of $348.52 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ROK stock was last observed hovering at around $279.88 in the last trading session, with the day’s loss setting it -3.55%.
Currently trading at $276.33, the stock is -3.07% and -2.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -1.27% at the moment leaves the stock -5.93% off its SMA200. ROK registered -5.14% loss for a year compared to 6-month gain of -2.81%. The firm has a 50-day simple moving average (SMA 50) of $3.83 and a 200-day simple moving average (SMA200) of $19.38.
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The stock witnessed a -3.95% loss in the last 1 month and extending the period to 3 months gives it a -9.06%, and is -5.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.23% over the week and 2.66% over the month.
Rockwell Automation Inc (ROK) has around 29000 employees, a market worth around $31.66B and $9.12B in sales. Current P/E ratio is 26.28 and Fwd P/E is 20.72. Profit margin for the company is 13.30%. Distance from 52-week low is 9.61% and -20.71% from its 52-week high. The company has generated returns on investments over the last 12 months (17.98%).
Rockwell Automation Inc quarterly earnings per share for the current quarter are estimated at $2.21 with sales reaching $2.08B over the same period.The EPS is expected to shrink by -0.74% this year, but quarterly earnings will post 1.50% year-over-year.
1,623 institutions hold shares in Rockwell Automation Inc (ROK), with institutional investors hold 80.18% of the company’s shares. The shares outstanding are 114.80M, and float is at 114.35M with Short Float at 1.93%. Institutions hold 80.05% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.65 million shares valued at $4.5 billion. The investor’s holdings represent 11.88% of the ROK Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.15 million shares valued at $3.01 billion to account for 7.96% of the shares outstanding. The other top investors are Capital World Investors which holds 5.87 million shares representing 5.11% and valued at over $1.93 billion, while State Street Corporation holds 3.93% of the shares totaling 4.52 million with a market value of $1.49 billion.
Rockwell Automation Inc (ROK) Insider Activity
The most recent transaction is an insider sale by Gangestad Nicholas C, the company’s Sr. VP and CFO. SEC filings show that Gangestad Nicholas C sold 1,660 shares of the company’s common stock on Mar 06 ’24 at a price of $287.68 per share for a total of $0.48 million. Following the sale, the insider now owns 10557.0 shares.
Rockwell Automation Inc disclosed in a document filed with the SEC on Mar 04 ’24 that Gangestad Nicholas C (Sr. VP and CFO) sold a total of 1,989 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $288.17 per share for $0.57 million. Following the transaction, the insider now directly holds 12217.0 shares of the ROK stock.
Still, SEC filings show that on Mar 04 ’24, Buttermore Robert L. (SVP,Chief Supply Chain Officer) disposed off 1,664 shares at an average price of $290.00 for $0.48 million. The insider now directly holds 647 shares of Rockwell Automation Inc (ROK).
