Rockwell Automation Inc (NYSE: ROK) stock fell -1.50% on Monday to $271.12 against a previous-day closing price of $275.26. With 1.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.84 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $272.79 whereas the lowest price it dropped to was $269.89. The 52-week range on ROK shows that it touched its highest point at $348.52 and its lowest point at $248.71 during that stretch. It currently has a 1-year price target of $288.89. With its current market cap of 31.09 billion, ROK has annualized dividend of $5.05 while the current yield stands at 1.86%. Beta for the stock currently stands at 1.43.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ROK was up-trending over the past week, with a rise of 3.73%, but this was up by 1.90% over a month. Three-month performance dropped to -7.35% while six-month performance fell -4.02%. The stock gained 4.81% in the past year, while it has gained 5.26% so far this year. A look at the trailing 12-month EPS for ROK yields 11.97 with Next year EPS estimates of 13.91. For the next quarter, that number is 2.63. This implies an EPS growth rate of 6.32% for this year and 7.98% for next year. EPS is expected to grow by 10.19% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.17%.
Float and Shares Shorts:
At present, 114.80 million ROK shares are outstanding with a float of 114.47 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.92 million, which was 2.54% higher than short shares on Sep 28, 2023. In addition to Mr. Blake D. Moret as the firm’s President, Chairman & CEO, Mr. Nicholas C. Gangestad serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 82.85% of ROK’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ROK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ROK analysts setting a high price target of $337.00 and a low target of $220.00, the average target price over the next 12 months is $288.89. Based on these targets, ROK could surge 24.3% to reach the target high and fall by -18.86% to reach the target low. Reaching the average price target will result in a growth of 6.55% from current levels.
Summary of Insider Activity:
Insiders traded ROK stock several times over the past three months with 1 Buys and 17 Sells. In these transactions, 1,876 shares were bought while 2,701 shares were sold. The number of buy transactions has increased to 52 while that of sell transactions has risen to 107 over the past year. The total number of shares bought during that period was 100,334 while 82,473 shares were sold.
