Rockwell Automation Inc (NYSE: ROK) is -16.90% lower on its value in year-to-date trading and has touched a low of $242.81 and a high of $312.76 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 $256.85 in the last trading session, with the day’s gains setting it 1.15%.
Currently trading at $258.00, the stock is -1.87% and -2.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.65 million and changing 0.45% at the moment leaves the stock -6.86% off its SMA200. ROK registered -10.75% loss for a year compared to 6-month loss of -9.28%.
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The stock witnessed a -0.86% gain in the last 1 month and extending the period to 3 months gives it a -1.59%, and is 0.42% up 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 2.61% over the week and 2.29% over the month.
Rockwell Automation Inc (ROK) has around 29000 employees, a market worth around $29.28B and $8.79B in sales. Current P/E ratio is 29.29 and Fwd P/E is 24.12. Profit margin for the company is 11.51%. Distance from 52-week low is 6.26% and -17.51% from its 52-week high. The company has generated returns on investments over the last 12 months (16.27%).
Rockwell Automation Inc quarterly earnings per share for the current quarter are estimated at 2.45 with sales reaching $2.07B over the same period.The EPS is expected to shrink by -20.22% this year, but quarterly earnings will post -8.10% year-over-year. Quarterly sales are estimated to shrink -19.40% in year-over-year returns.
1585.0 institutions hold shares in Rockwell Automation Inc (ROK), with institutional investors hold 85.22% of the company’s shares. The shares outstanding are 114.80M, and float is at 113.23M with Short Float at 2.40%. Institutions hold 85.04% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.0 million shares valued at $3.85 billion. The investor’s holdings represent 12.2516 of the ROK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.06 million shares valued at $2.5 billion to account for 7.9307 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 5.99 million shares representing 5.2368 and valued at over $1.65 billion, while STATE STREET CORP holds 4.0562 of the shares totaling 4.64 million with a market value of $1.28 billion.
Rockwell Automation Inc (ROK) Insider Activity
The most recent transaction is an insider sale by Myers Tessa M., the company’s SVP, Intelligent Devices. SEC filings show that Myers Tessa M. sold 528 shares of the company’s common stock on Jun 11 ’24 at a price of $253.78 per share for a total of $0.13 million. Following the sale, the insider now owns 3718.0 shares.
Rockwell Automation Inc disclosed in a document filed with the SEC on Jun 07 ’24 that Woods Isaac (Vice President and Treasurer) sold a total of 297 shares of the company’s common stock. The trade occurred on Jun 07 ’24 and was made at $256.38 per share for $76146.0. Following the transaction, the insider now directly holds 1833.0 shares of the ROK stock.
Still, SEC filings show that on Jun 07 ’24, Myers Tessa M. (SVP, Intelligent Devices) disposed off 248 shares at an average price of $256.37 for $63579.0. The insider now directly holds 4,246 shares of Rockwell Automation Inc (ROK).
