Rockwell Automation Inc. (NYSE:ROK) has a beta value of 1.38 and has seen 0.49 million shares traded in the last trading session. The company, currently valued at $37.96B, closed the last trade at $324.00 per share which meant it lost -$3.14 on the day or -0.96% during that session. The ROK stock price is -0.98% off its 52-week high price of $327.18 and 36.24% above the 52-week low of $206.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.45 million shares traded. The 3-month trading volume is 674.35K shares.
The consensus among analysts is that Rockwell Automation Inc. (ROK) is a Hold stock at the moment, with a recommendation rating of 2.70. 4 analysts rate the stock as a Sell, while 2 rate it as Overweight. 10 out of 22 have rated it as a Hold, with 5 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $2.22.
Rockwell Automation Inc. (NYSE:ROK) trade information
Sporting -0.96% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the ROK stock price touched $324.00 or saw a rise of 0.98%. Year-to-date, Rockwell Automation Inc. shares have moved 29.18%, while the 5-day performance has seen it change 0.73%. Over the past 30 days, the shares of Rockwell Automation Inc. (NYSE:ROK) have changed 3.28%. Short interest in the company has seen 2.17 million shares shorted with days to cover at 3.04.
Wall Street analysts have a consensus price target for the stock at $294.47, which means that the shares’ value could drop -10.03% from current levels. The projected low price target is $212.00 while the price target rests at a high of $340.00. In that case, then, we find that the current price level is -4.94% off the targeted high while a plunge would see the stock lose 34.57% from current levels.
Rockwell Automation Inc. (ROK) estimates and forecasts
Figures show that Rockwell Automation Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 25.64% over the past 6 months, with this year growth rate of 20.96%, compared to 25.00% for the industry. Revenue growth from the last financial year stood is estimated to be 12.20%.
14 analysts offering their estimates for the company have set an average revenue estimate of $1.92 billion for the current quarter. 7 have an estimated revenue figure of $1.84 billion for the next quarter concluding in Dec 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.50% over the past 5 years. Earnings growth for 2021 is a modest 50.50% while over the next 5 years, the company’s earnings are expected to increase by 12.19%.
Rockwell Automation Inc. is expected to release its next earnings report between November 08 and November 12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.28 at a share yield of 1.32%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.99%.
Rockwell Automation Inc. (NYSE:ROK)’s Major holders
Insiders own 0.15% of the company shares, while shares held by institutions stand at 79.78% with a share float percentage of 79.90%. Investors are also buoyed by the number of investors in a company, with Rockwell Automation Inc. having a total of 1,343 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 11.25 million shares worth more than $2.99 billion. As of Mar 30, 2021, Vanguard Group, Inc. (The) held 9.70% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 8.93 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $2.37 billion and represent 7.69% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Mar 30, 2021, the former fund manager holds about 2.82% shares in the company for having 3.27 million shares of worth $868.41 million while later fund manager owns 2.38 million shares of worth $631.44 million as of Mar 30, 2021, which makes it owner of about 2.05% of company’s outstanding stock.