Rockwell AutomationROK
Market Cap: $29B
About: With roots tracing back to the early 1900s, Rockwell Automation is the successor to Rockwell International, which spun off its avionics segment in 2001. It is a pure-play industrial automation company that operates through three segments. Its largest segment by revenue, intelligent devices, sells factory floor-level devices such as motors, drives, sensors, relays, and actuators. Its software & control segment sells visualization, simulation, and human-machine interface software and control products such as programmable controllers, computers, and operator terminals. Its smallest segment, lifecycle services, offers digital consulting, engineered-to-order services, and other outsourced services such as remote monitoring, cybersecurity, and asset and plant maintenance and optimization.
Employees: 29,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
40% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 7 (+2) [Q2]
0.75% less ownership
Funds ownership: 81.15% [Q1] → 80.41% (-0.75%) [Q2]
5% less repeat investments, than reductions
Existing positions increased: 397 | Existing positions reduced: 420
4% less funds holding
Funds holding: 1,177 [Q1] → 1,127 (-50) [Q2]
7% less capital invested
Capital invested by funds: $27B [Q1] → $25.2B (-$1.84B) [Q2]
31% less call options, than puts
Call options by funds: $96.4M | Put options by funds: $140M
37% less first-time investments, than exits
New positions opened: 85 | Existing positions closed: 135
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Chris Snyder 58% 1-year accuracy 7 / 12 met price target | 25%upside $320 | Overweight Initiated | 6 Sept 2024 |
JP Morgan Stephen Tusa 52% 1-year accuracy 13 / 25 met price target | 11%downside $227 | Underweight Maintained | 12 Aug 2024 |
TD Cowen Joseph Giordano 37% 1-year accuracy 7 / 19 met price target | 16%downside $215 | Sell Maintained | 8 Aug 2024 |
B of A Securities Andrew Obin 41% 1-year accuracy 7 / 17 met price target | 6%upside $270 | Neutral Maintained | 8 Aug 2024 |
Baird Richard Eastman 44% 1-year accuracy 7 / 16 met price target | 10%upside $280 | Outperform Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 9 articles about ROK published over the past 30 days