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Rockwell Automation Inc ROK

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Stock XNYS Rating as of
$254.39 −6.33 (2.43%)
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As of Delayed Price Closed
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Company Report

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Rockwell Earnings: We Think Long-Term Prospects Still Look Bright Despite Near-Term Headwinds

Dawit Woldemariam

Rockwell reported fiscal second-quarter earnings below our expectations. Management now expects sales to be lower in 2024, which calls for reported sales growth of negative 6.0% to negative 4.0%. In 2024, we forecast sales to be down nearly 5% year on year. This reflects our view that demand for Rockwell’s products will be challenged in the near term. The company is still contending with inventory destocking. That said, the time value of money and upward tweaks to our 2025 sales and margin forecast more than offset our downward changes to 2024 estimates. As a result, our fair value estimate increased 1% to $312 per share, up from $309 previously.

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Price vs Fair Value

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ROK is trading at a 149% premium.
Price
$254.39
Fair Value
$237.00
Uncertainty
Medium
1-Star Price
$468.40
5-Star Price
$994.50
Economic Moat
Xyl
Capital Allocation
Hbfdjpn

Bulls Say, Bears Say

Bulls

Rockwell is the only automation competitor that integrates discrete, process, and hybrid manufacturing in a single, easy-to-use platform.

Bears

Rockwell’s stock is priced for perfection, and it's still a cyclical business that's heavily driven by industrial production.

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Trading Information

Previous Close Price
$260.72
Day Range
$249.00–259.00
52-Week Range
$249.00–348.52
Bid/Ask
$253.39 / $255.30
Market Cap
$29.00 Bil
Volume/Avg
741,059 / 905,372

Key Statistics

Price/Earnings (Normalized)
22.73
Price/Sales
3.27
Dividend Yield (Trailing)
1.94%
Dividend Yield (Forward)
1.97%
Total Yield
3.42%

Company Profile

Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. As of fiscal 2021, the firm operates through three segments--intelligent devices, software and control, and lifecycle services. Intelligent devices contains its drives, sensors, and industrial components, software and control contains its information and network and security software, while lifecycle services contains its consulting and maintenance services as well as its Sensia JV with SLB.
Sector
Industrials
Industry
Specialty Industrial Machinery
Stock Style Box
Mid Core
Total Number of Employees
29,000
Website
https://www.rockwellautomation.com

Competitors

Valuation

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Metric
ROK
HON
SIE
Price/Earnings (Normalized)
 22.7321.9717.42
Price/Book Value
 8.188.252.83
Price/Sales
 3.273.751.71
Price/Cash Flow
 20.3722.3311.53
Price/Earnings
ROK
HON
SIE

Financial Strength

Metric
ROK
HON
SIE
Quick Ratio
 0.661.181.07
Current Ratio
 1.111.661.41
Interest Coverage
 10.749.465.75
Quick Ratio
ROK
HON
SIE

Profitability

Metric
ROK
HON
SIE
Return on Assets (Normalized)
 11.32%9.52%4.09%
Return on Equity (Normalized)
 37.63%35.30%12.81%
Return on Invested Capital (Normalized)
 18.37%16.16%5.07%
Return on Assets
ROK
HON
SIE
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