Rockwell Automation Inc (NYSE: ROK) has seen a rise in its stock price by 0.50 in relation to its previous close of 275.56. However, the company has experienced a 1.26% gain in its stock price over the last five trading sessions. Barrons reported 2024-04-25 that The earnings report offers some clues for investors in the U.S.-based companies.
Is It Worth Investing in Rockwell Automation Inc (NYSE: ROK) Right Now?
The price-to-earnings ratio for Rockwell Automation Inc (NYSE: ROK) is above average at 26.34x. The 36-month beta value for ROK is also noteworthy at 1.43. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 15 rating it as “hold,” and 3 rating it as “sell.”
The public float for ROK is 114.35M, and at present, short sellers hold a 2.67% of that float. The average trading volume of ROK on April 26, 2024 was 1.14M shares.
ROK’s Market Performance
ROK’s stock has seen a 1.26% increase for the week, with a -2.64% drop in the past month and a -8.97% fall in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.26% for Rockwell Automation Inc The simple moving average for the past 20 days is -1.45% for ROK’s stock, with a -4.67% simple moving average for the past 200 days.
Analysts’ Opinion of ROK
Many brokerage firms have already submitted their reports for ROK stocks, with Berenberg repeating the rating for ROK by listing it as a “Hold.” The predicted price for ROK in the upcoming period, according to Berenberg is $290 based on the research report published on March 06, 2024 of the current year 2024.
Daiwa Securities, on the other hand, stated in their research note that they expect to see ROK reach a price target of $310. The rating they have provided for ROK stocks is “Buy” according to the report published on February 01st, 2024.
Oppenheimer gave a rating of “Outperform” to ROK, setting the target price at $300 in the report published on February 01st of the current year.
ROK Trading at -1.91% from the 50-Day Moving Average
After a stumble in the market that brought ROK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.54% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -4.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.51% lower at present.
During the last 5 trading sessions, ROK rose by +1.26%, which changed the moving average for the period of 200-days by -18.10% in comparison to the 20-day moving average, which settled at $280.32. In addition, Rockwell Automation Inc saw -10.80% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ROK starting from Gangestad Nicholas C, who sale 1,660 shares at the price of $287.68 back on Mar 06 ’24. After this action, Gangestad Nicholas C now owns 10,557 shares of Rockwell Automation Inc, valued at $477,556 using the latest closing price.
Gangestad Nicholas C, the Sr. VP and CFO of Rockwell Automation Inc, sale 1,989 shares at $288.17 during a trade that took place back on Mar 04 ’24, which means that Gangestad Nicholas C is holding 12,217 shares at $573,169 based on the most recent closing price.
Stock Fundamentals for ROK
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.41 for the gross margin
The net margin for Rockwell Automation Inc stands at 0.13. The total capital return value is set at 0.18. Equity return is now at value 37.20, with 10.79 for asset returns.
Based on Rockwell Automation Inc (ROK), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 10.95.
Currently, EBITDA for the company is 1.87 billion with net debt to EBITDA at 1.88. When we switch over and look at the enterprise to sales, we see a ratio of 3.84. The receivables turnover for the company is 4.72for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
In summary, Rockwell Automation Inc (ROK) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
