|Bid||199.08 x 1100|
|Ask||199.16 x 900|
|Day's Range||198.32 - 199.95|
|52 Week Range||141.46 - 207.11|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||34.24|
|Forward Dividend & Yield||4.08 (2.06%)|
|1y Target Est||N/A|
Rockwell Automation's (ROK) results are likely to be benefit from growth in Life Sciences, Food & beverage markets, acquisitions, focus on productivity amid weak manufacturing, automotive and chemical sectors.
The macroeconomic setup doesn’t sound like a recipe for success for Rockwell Automation stock, but the company’s 2020 outlook sparked a rally for the shares. It seems things—while not great—are at least looking up.
Let's review the charts and indicators to see if more gains could be in the future for this industrial automation company.
Though the automotive industry accounted for 10% of Rockwell Automation's 2019 fiscal sales, the Milwaukee-based company reported it did not suffer significant blows from the General Motors strikes, which occurred in the company's fourth quarter.
The S&P 500 and Nasdaq indexes remained at record levels on Tuesday spurred by gains in trade-sensitive technology stocks, after President Donald Trump reiterated that the United States was close to signing a "phase one" trade deal with China. Hopes of a resolution to the 16-month long tariff dispute and a strong corporate earnings season have powered Wall Street's gains so far this month.
Shares of Rockwell Automation Corp. soared 12% toward a 22-mnoth high in afternoon trading Tuesday, putting them on track for the biggest one-day gain in over 10 years, after the industrial automation and information services company reported better-than-expected fiscal fourth-quarter earnings and provided an upbeat outlook. The upbeat outlook comes in the face of what Chief Executive Blake Moret said on the post-earnings conference call with analysts was uncertainty created by global trade tensions and a deceleration in industrial production. Chief Financial Officer Patrick Goris said on the call that the company was able to "neutralize" the impact of tariffs through supply chain actions, including negotiations with vendors and targeted price increases. The stock was headed for the biggest one-day gain since it rose 13.7% on April 8, 2009, and was on track for the highest close since Jan. 26, 2018. It has run up 33.3% year to date, while the SPDR Industrial Select Sector ETF has surged 27.4% and the S&P 500 has gained 23.5%.
Rockwell Automation (ROK) registers solid organic growth in Q4, driven by strength in oil and gas, mining, and life sciences, as well as better performance in automotive and food and beverage.
Chip stocks topped the Nasdaq, and Disney paced the Dow Jones as markets awaited a speech from President Trump.
Rockwell Automation stock has jump nearly 10% after beating earnings forecasts and offering better-than-expected 2020 guidance.
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Rockwell Automation Inc. shares rose 6% in premarket trade Tuesday, after the maker of industrial automation systems topped estimates for its fiscal fourth quarter. Milwaukee, Wis.-based Rockwell said it had net income of $8.1 million, or 7 cents a share, in the quarter, down from $345.9 million, or $2.80 a share, in the year-earlier period. The steep decline was due to fair value adjustments in connection with the PTC investments. Adjusted EPS came to $2.01, ahead of the $1.92 FactSet consensus. Sales were flat at $1.730 billion, but ahead of the $1.648 billion FactSet consensus. The company said it now expects fiscal 2020 sales growth of 2% to 5%. It expects EPS of $8.48 to $8.88 and adjusted EPS of $8.70 to $9.10. The FactSet consensus is for fiscal 2020 EPS of $8.48. Shares have gained 19% in 2019, while the S&P 500 has gained 23%.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Rockwell Automation, Inc. New York, November 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Rockwell Automation, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Rockwell Automation's (ROK) fourth-quarter results are likely to reflect the impact of the overall slowdown in the manufacturing sector, softness in the automotive market and higher input costs.
Rockwell Automation (ROK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
It looks like Rockwell Automation, Inc. (NYSE:ROK) is about to go ex-dividend in the next 3 days. Ex-dividend means...
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Is Rockwell Automation Inc. (NYSE:ROK) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […]
Sensia will operate as an independent entity with Rockwell owning 53% and Schlumburger owning 47%. Rockwell paid Schlumberger $250 million at the closing.
Rockwell Automation shares are soaring after reporting better-than-expected fiscal fourth-quarter earnings. The automation company is also boosting its 2020 guidance. Blake Moret, CEO and president of Rockwell Automation joins Yahoo Finance's Akiko Fujita on The Ticker.