At the time of writing, Rockwell Automation Inc [ROK] stock is trading at $265.26, down -1.19%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ROK shares have gain 1.25% over the last week, with a monthly amount drifted -2.49%, 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 September 06, 2024, when Morgan Stanley initiated its Overweight rating and assigned the stock a price target of $320. Previously, Redburn Atlantic started tracking the stock with Neutral rating on July 08, 2024, and set its price target to $256. On March 06, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $290 on the stock. Daiwa Securities upgraded its rating to a Buy but stick to its price target of $310 on February 01, 2024. Oppenheimer reiterated its recommendation of a Outperform and reduced its price target to $300 on February 01, 2024. UBS upgraded its rating to Buy for this stock on January 03, 2024, and upped its price target to $360. In a note dated December 19, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $280 to $357.
For the past year, the stock price of Rockwell Automation Inc fluctuated between $242.81 and $312.76. Currently, Wall Street analysts expect the stock to reach $283.77 within the next 12 months. Rockwell Automation Inc [NYSE: ROK] shares were valued at $265.26 at the most recent close of the market. An investor can expect a potential return of 6.98% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.13.
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 262.53 points at the first support level, and at 259.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 268.61, and for the 2nd resistance point, it is at 271.96.
Ratios To Look Out For
It is important to note that Rockwell Automation Inc [NYSE:ROK] has a current ratio of 1.04. As well, the Quick Ratio is 0.68, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 3.43, the price to book ratio is 9.05 and price to earnings (TTM) ratio is 30.11.
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.
