At the time of writing, Rockwell Automation Inc [ROK] stock is trading at $266.52, up 1.75%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ROK shares have gain 1.33% over the last week, with a monthly amount drifted -4.35%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rockwell Automation Inc [NYSE: ROK] stock has seen the most recent analyst activity on July 08, 2024, when Redburn Atlantic initiated its Neutral rating and assigned the stock a price target of $256. Previously, Berenberg downgraded its rating to Hold on March 06, 2024, and dropped its price target to $290. On February 01, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $310 on the stock. Oppenheimer reiterated its Outperform rating and decreased its price target to $300 on February 01, 2024. UBS upgraded its rating to a Buy and raised its price target to $360 on January 03, 2024. Wells Fargo upgraded its rating to Overweight for this stock on December 19, 2023, and upped its price target to $357. In a note dated October 03, 2023, KeyBanc Capital Markets initiated an Sector Weight rating.
For the past year, the stock price of Rockwell Automation Inc fluctuated between $242.81 and $317.74. Currently, Wall Street analysts expect the stock to reach $284.45 within the next 12 months. Rockwell Automation Inc [NYSE: ROK] shares were valued at $266.52 at the most recent close of the market. An investor can expect a potential return of 6.73% based on the average ROK price forecast.
Analyzing the ROK fundamentals
According to Rockwell Automation Inc [NYSE:ROK], the company’s sales were 8.79B for trailing twelve months, which represents an -8.35% plunge. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.29 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 262.78 points at the first support level, and at 259.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 269.76, and for the 2nd resistance point, it is at 273.00.
Ratios To Look Out For
It is important to note that Rockwell Automation Inc [NYSE:ROK] has a current ratio of 1.04. Further, the Quick Ratio stands at 0.68, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 3.44, the price to book ratio is 9.10 and price to earnings (TTM) ratio is 30.25.
Transactions by insiders
Recent insider trading involved Myers Tessa M., SVP, Intelligent Devices, that happened on Jun 11 ’24 when 528.0 shares were sold. Vice President and Treasurer, Woods Isaac completed a deal on Jun 07 ’24 to sell 297.0 shares. Meanwhile, SVP, Intelligent Devices Myers Tessa M. sold 248.0 shares on Jun 07 ’24.
