Rockwell Automation
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Rockwell Automation, Inc. provides industrial automation and information solutions worldwide. The last earnings update was 25 days ago. More info.
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ROK Share Price and Events
7 Day Returns
1 Year Returns
ROK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Rockwell Automation (ROK) | -0.3% | -15.6% | -9.7% | -12.7% | 43.4% | 32.2% |
| US Electrical | -2.3% | -6.5% | -1.5% | -1.4% | 32.3% | 10.1% |
| US Market | -0.7% | -2% | 2.4% | 3% | 39.2% | 42% |
1 Year Return vs Industry and Market
- ROK underperformed the Electrical industry which returned -1.4% over the past year.
- ROK underperformed the Market in United States of America which returned 3% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Rockwell Automation
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Rockwell Automation.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 21 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Electrical Unlevered Beta | Simply Wall St/ S&P Global | 1.12 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.124 (1 + (1- 21%) (11.76%)) |
1.153 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.15 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.153 * 5.96%) |
9.6% |
Discounted Cash Flow Calculation for NYSE:ROK using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Rockwell Automation is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.6%) |
|
|---|---|---|---|
| 2019 | 1,010.10 | Analyst x10 | 921.62 |
| 2020 | 1,261.17 | Analyst x10 | 1,049.91 |
| 2021 | 1,221.00 | Analyst x4 | 927.44 |
| 2022 | 1,092.00 | Analyst x2 | 756.80 |
| 2023 | 1,137.00 | Analyst x1 | 718.97 |
| 2024 | 1,112.40 | Est @ -2.16% | 641.80 |
| 2025 | 1,104.66 | Est @ -0.7% | 581.51 |
| 2026 | 1,108.33 | Est @ 0.33% | 532.34 |
| 2027 | 1,119.99 | Est @ 1.05% | 490.82 |
| 2028 | 1,137.40 | Est @ 1.56% | 454.79 |
| Present value of next 10 years cash flows | $7,076.00 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,137.40 × (1 + 2.73%) ÷ (9.6% – 2.73%) |
$17,008.21 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $17,008.21 ÷ (1 + 9.6%)10 |
$6,800.73 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $7,076.00 + $6,800.73 |
$13,876.73 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $13,876.73 / 118.36 |
$117.24 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $117.24 |
| Current discount | Discount to share price of
$160.32
= -1 x ($160.32 - $117.24) / $117.24 |
-36.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Rockwell Automation is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Rockwell Automation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Rockwell Automation's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $7.99 |
| NYSE:ROK Share Price ** | NYSE (2019-05-17) in USD | $160.32 |
| United States of America Electrical Industry PE Ratio | Median Figure of 30 Publicly-Listed Electrical Companies | 16.21x |
| United States of America Market PE Ratio | Median Figure of 3,088 Publicly-Listed Companies | 17.89x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Rockwell Automation.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:ROK Share Price ÷ EPS (both in USD) = 160.32 ÷ 7.99 |
20.07x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Rockwell Automation is overvalued based on earnings compared to the US Electrical industry average.
- Rockwell Automation is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Rockwell Automation's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 20.07x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts |
4%per year |
| United States of America Electrical Industry PEG Ratio | Median Figure of 19 Publicly-Listed Electrical Companies | 2.01x |
| United States of America Market PEG Ratio | Median Figure of 2,117 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 20.07x ÷ 4% |
5.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Rockwell Automation is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Rockwell Automation's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $11.29 |
| NYSE:ROK Share Price * | NYSE (2019-05-17) in USD | $160.32 |
| United States of America Electrical Industry PB Ratio | Median Figure of 63 Publicly-Listed Electrical Companies | 1.91x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:ROK Share Price ÷ Book Value per Share (both in USD) = 160.32 ÷ 11.29 |
14.2x |
* Primary Listing of Rockwell Automation.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Rockwell Automation is overvalued based on assets compared to the US Electrical industry average.
Value checks
We assess Rockwell Automation's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check) Rockwell Automation has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Rockwell Automation's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Rockwell Automation's earnings growth is positive but not above the United States of America market average.
- Rockwell Automation's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:ROK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts | 4% |
| NYSE:ROK Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts | 2.7% |
| United States of America Electrical Industry Earnings Growth Rate | Market Cap Weighted Average | 10.1% |
| United States of America Electrical Industry Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 21 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 7,617 | 1,266 | 1,147 | 2 |
| 2022-09-30 | 7,222 | 1,159 | 1,001 | 2 |
| 2021-09-30 | 7,267 | 1,433 | 1,136 | 8 |
| 2020-09-30 | 7,079 | 1,466 | 1,117 | 20 |
| 2019-09-30 | 6,831 | 1,162 | 1,002 | 21 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 6,728 | 1,062 | 970 |
| 2018-12-31 | 6,722 | 1,299 | 851 |
| 2018-09-30 | 6,666 | 1,300 | 535 |
| 2018-06-30 | 6,604 | 1,044 | 394 |
| 2018-03-31 | 6,505 | 1,016 | 412 |
| 2017-12-31 | 6,408 | 936 | 374 |
| 2017-09-30 | 6,311 | 1,034 | 825 |
| 2017-06-30 | 6,182 | 1,199 | 806 |
| 2017-03-31 | 6,057 | 1,160 | 780 |
| 2016-12-31 | 5,943 | 1,073 | 758 |
| 2016-09-30 | 5,880 | 947 | 729 |
| 2016-06-30 | 5,948 | 1,023 | 745 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 21 Analyst Estimates (S&P Global) | See Below |
All data from Rockwell Automation Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 9.87 | 9.87 | 9.87 | 1.00 |
| 2022-09-30 | 8.58 | 8.58 | 8.58 | 1.00 |
| 2021-09-30 | 9.95 | 10.25 | 9.13 | 5.00 |
| 2020-09-30 | 9.60 | 10.13 | 9.20 | 17.00 |
| 2019-09-30 | 8.34 | 8.96 | 7.87 | 14.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 7.99 |
| 2018-12-31 | 6.90 |
| 2018-09-30 | 4.27 |
| 2018-06-30 | 3.10 |
| 2018-03-31 | 3.22 |
| 2017-12-31 | 2.91 |
| 2017-09-30 | 6.42 |
| 2017-06-30 | 6.27 |
| 2017-03-31 | 6.05 |
| 2016-12-31 | 5.86 |
| 2016-09-30 | 5.60 |
| 2016-06-30 | 5.67 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Rockwell Automation is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
Future performance checks
We assess Rockwell Automation's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Rockwell Automation has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Rockwell Automation performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Rockwell Automation's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Rockwell Automation's 1-year earnings growth exceeds its 5-year average (135.4% vs -5.9%)
- Rockwell Automation's earnings growth has exceeded the US Electrical industry average in the past year (135.4% vs 33.8%).
Earnings and Revenue History
All data from Rockwell Automation Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 6,727.70 | 969.90 | 1,578.10 | |
| 2018-12-31 | 6,721.70 | 851.40 | 1,597.90 | |
| 2018-09-30 | 6,666.00 | 535.00 | 1,597.80 | |
| 2018-06-30 | 6,604.00 | 393.90 | 1,612.90 | |
| 2018-03-31 | 6,504.50 | 412.00 | 1,598.10 | |
| 2017-12-31 | 6,407.60 | 374.10 | 1,607.90 | |
| 2017-09-30 | 6,311.30 | 824.80 | 1,591.00 | |
| 2017-06-30 | 6,182.40 | 805.50 | 1,567.20 | |
| 2017-03-31 | 6,057.20 | 779.70 | 1,526.50 | |
| 2016-12-31 | 5,943.20 | 758.20 | 1,476.30 | |
| 2016-09-30 | 5,879.50 | 729.00 | 1,466.50 | |
| 2016-06-30 | 5,948.40 | 745.00 | 1,426.00 | |
| 2016-03-31 | 6,049.60 | 760.20 | 1,455.70 | |
| 2015-12-31 | 6,160.10 | 798.30 | 1,479.40 | |
| 2015-09-30 | 6,307.90 | 826.90 | 1,506.40 | |
| 2015-06-30 | 6,482.20 | 874.20 | 1,543.50 | |
| 2015-03-31 | 6,556.50 | 867.60 | 1,561.50 | |
| 2014-12-31 | 6,606.20 | 841.80 | 1,571.60 | |
| 2014-09-30 | 6,623.50 | 825.70 | 1,570.10 | |
| 2014-06-30 | 6,557.40 | 792.30 | 1,576.00 | |
| 2014-03-31 | 6,532.10 | 796.30 | 1,565.30 | |
| 2013-12-31 | 6,454.40 | 791.80 | 1,549.60 | |
| 2013-09-30 | 6,351.90 | 755.20 | 1,537.70 | |
| 2013-06-30 | 6,300.20 | 735.00 | 1,520.40 | |
| 2013-03-31 | 6,236.40 | 722.00 | 1,506.50 | |
| 2012-12-31 | 6,274.70 | 713.90 | 1,502.80 | |
| 2012-09-30 | 6,259.40 | 735.60 | 1,491.70 | |
| 2012-06-30 | 6,249.70 | 742.20 | 1,493.40 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Rockwell Automation made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- Rockwell Automation used its assets more efficiently than the US Electrical industry average last year based on Return on Assets.
- Rockwell Automation has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Rockwell Automation's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Rockwell Automation has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Rockwell Automation's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Rockwell Automation's finances.
The net worth of a company is the difference between its assets and liabilities.
- Rockwell Automation is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Rockwell Automation's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Rockwell Automation Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,336.30 | 2,231.10 | 902.20 |
| 2018-12-31 | 1,274.30 | 1,866.70 | 753.50 |
| 2018-09-30 | 1,617.50 | 1,800.20 | 909.70 |
| 2018-06-30 | 1,444.20 | 1,227.90 | 1,488.70 |
| 2018-03-31 | 1,947.20 | 1,538.30 | 2,047.30 |
| 2017-12-31 | 2,156.20 | 2,079.30 | 2,647.50 |
| 2017-09-30 | 2,663.60 | 1,848.40 | 2,535.50 |
| 2017-06-30 | 2,178.00 | 1,842.20 | 2,614.60 |
| 2017-03-31 | 2,197.80 | 1,863.40 | 2,533.50 |
| 2016-12-31 | 2,049.70 | 1,899.50 | 2,482.60 |
| 2016-09-30 | 1,990.10 | 1,964.90 | 2,429.20 |
| 2016-06-30 | 2,121.30 | 1,875.80 | 2,432.70 |
| 2016-03-31 | 2,215.60 | 1,790.80 | 2,309.90 |
| 2015-12-31 | 2,236.50 | 1,653.90 | 2,219.80 |
| 2015-09-30 | 2,256.80 | 1,500.90 | 2,149.20 |
| 2015-06-30 | 2,556.00 | 1,505.00 | 2,157.80 |
| 2015-03-31 | 2,566.50 | 1,506.10 | 2,037.60 |
| 2014-12-31 | 2,569.10 | 1,413.60 | 1,912.70 |
| 2014-09-30 | 2,658.10 | 1,225.40 | 1,819.80 |
| 2014-06-30 | 2,721.90 | 1,185.30 | 1,749.50 |
| 2014-03-31 | 2,750.20 | 1,247.90 | 1,725.60 |
| 2013-12-31 | 2,687.80 | 1,156.10 | 1,610.60 |
| 2013-09-30 | 2,585.50 | 1,084.10 | 1,573.60 |
| 2013-06-30 | 2,007.80 | 1,125.10 | 1,397.00 |
| 2013-03-31 | 2,020.50 | 1,141.00 | 1,330.70 |
| 2012-12-31 | 1,967.80 | 1,158.00 | 1,304.30 |
| 2012-09-30 | 1,851.70 | 1,062.00 | 1,253.90 |
| 2012-06-30 | 1,922.50 | 1,175.00 | 1,155.60 |
- Rockwell Automation's level of debt (167%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (45.4% vs 167% today).
- Debt is well covered by operating cash flow (47.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 24x coverage).
Financial health checks
We assess Rockwell Automation's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Rockwell Automation has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Rockwell Automation's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Rockwell Automation
shares you are expected to receive
$48
in your first year as a dividend.
Dividend Amount
- Rockwell Automation's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Rockwell Automation's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 21 Analyst Estimates (S&P Global) | See Below |
| United States of America Electrical Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 2.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2000 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-09-30 | ||
| 2022-09-30 | ||
| 2021-09-30 | 4.28 | 7.00 |
| 2020-09-30 | 4.12 | 14.00 |
| 2019-09-30 | 3.84 | 15.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-03 | 3.880 | 2.183 |
| 2019-02-06 | 3.880 | 2.197 |
| 2018-11-01 | 3.880 | 2.393 |
| 2018-06-06 | 3.680 | 2.093 |
| 2018-05-02 | 3.680 | 2.074 |
| 2018-04-25 | 3.680 | 2.212 |
| 2018-02-07 | 3.340 | 1.871 |
| 2017-11-01 | 3.340 | 1.706 |
| 2017-06-07 | 3.040 | 1.796 |
| 2017-04-05 | 3.040 | 1.944 |
| 2017-02-08 | 3.040 | 1.982 |
| 2016-11-02 | 3.040 | 2.225 |
| 2016-06-08 | 2.900 | 2.478 |
| 2016-04-06 | 2.900 | 2.536 |
| 2016-02-03 | 2.900 | 2.742 |
| 2015-11-17 | 2.900 | 2.916 |
| 2015-11-10 | 2.900 | 2.803 |
| 2015-06-03 | 2.600 | 2.304 |
| 2015-04-09 | 2.600 | 2.185 |
| 2015-02-04 | 2.600 | 2.266 |
| 2014-11-05 | 2.600 | 2.363 |
| 2014-06-04 | 2.320 | 2.001 |
| 2014-04-09 | 2.320 | 1.907 |
| 2014-02-05 | 2.320 | 1.922 |
| 2013-11-06 | 2.320 | 2.035 |
| 2013-06-05 | 2.080 | 2.134 |
| 2013-04-03 | 2.080 | 2.394 |
| 2013-02-06 | 1.880 | 2.123 |
| 2012-10-31 | 1.880 | 2.283 |
| 2012-06-08 | 1.880 | 2.732 |
| 2012-04-04 | 1.700 | 2.250 |
| 2012-02-08 | 1.700 | 2.098 |
| 2011-11-02 | 1.700 | 2.269 |
| 2011-06-02 | 1.700 | 2.529 |
| 2011-04-06 | 1.400 | 1.612 |
| 2011-02-02 | 1.400 | 1.580 |
| 2010-11-05 | 1.400 | 1.973 |
| 2010-06-03 | 1.400 | 2.515 |
| 2010-04-07 | 1.160 | 1.994 |
| 2010-02-03 | 1.160 | 2.143 |
| 2009-11-04 | 1.160 | 2.504 |
| 2009-06-04 | 1.160 | 3.037 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Rockwell Automation's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.1x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
Income/ dividend checks
We assess Rockwell Automation's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Rockwell Automation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Rockwell Automation has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $9,188,851 |
| AGE | 55 |
| TENURE AS CEO | 2.8 years |
CEO Bio
Mr. Blake D. Moret has been a Director of PTC Inc. since July 19, 2018. He has been the Chief Executive Officer and President of Rockwell Automation Inc. since July 1, 2016 and its Chairman since January 1, 2018. Mr. Moret leads the world’s largest company focused on industrial automation and information, dedicated to making Rockwell customers more productive and the world more sustainable. Mr. Moret has 31 years of experience with Rockwell Automation, including leadership roles in marketing, solutions, services and product groups. He began his career in 1985 as a Sales Trainee and subsequently served in senior positions across Rockwell, including international assignments in Europe and Canada. Mr. Moret served as Senior Vice President of Control Products & Solutions at Rockwell Automation Inc. from April 1, 2011 to July 1, 2016. Since late 2007, Mr. Moret served as Vice President and General Manager of Customer Support and Maintenance in CP&S. He has been a Director at Rockwell Automation Inc. since July 2016. He is Chair of the Board of the Manufacturing Institute of the National Association of Manufacturers. Additionally, he is a Member of the Board of Directors for the Milwaukee-based Urban Ecology Center and the United Way of Greater Milwaukee and Waukesha and the Advisory Board of the Woodruff School of Mechanical Engineering at Georgia Tech. He serves on the Executive Committee of the National Association of Manufacturers (NAM) and as a director or member of a number of business, civic, and community organizations. He is a graduate of Georgia Institute of Technology, where he earned a Bachelor of Science degree in Mechanical Engineering.
CEO Compensation
- Blake's compensation has increased by more than 20% in the past year.
- Blake's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Rockwell Automation management team in years:
- The tenure for the Rockwell Automation management team is about average.
Management Team
Blake Moret
Chairman
$9M
55
2.8 yrs
Patrick Goris
Senior VP & CFO
$2M
46
2.3 yrs
Sujeet Chand
CTO & Senior VP
$2M
60
13.7 yrs
Frank Kulaszewicz
Senior VP and Head of Control Products & Solutions segment
$3M
54
Mike Laszkiewicz
Senior Vice President of Operations & Engineering Services
58
0.8 yrs
Chris Nardecchia
Senior VP for IT & Chief Information Officer
56
1.5 yrs
Steve Etzel
VP of Investor Relations & Treasurer
58
11.5 yrs
Becky House
Senior VP
45
2.3 yrs
Bruce Quinn
Vice President Public Affairs
Thomas Donato
Senior Vice President
0.3 yrs
Board of Directors Tenure
Average tenure and age of the Rockwell Automation board of directors in years:
- The tenure for the Rockwell Automation board of directors is about average.
Board of Directors
Steve Kalmanson
Independent Director
$242K
66
8.3 yrs
Blake Moret
Chairman
$9M
55
1.3 yrs
Jim Keane
Independent Director
$265K
59
8.3 yrs
Lawrence Kingsley
Independent Director
$253K
55
6.1 yrs
Lisa Payne
Independent Director
$263K
59
4.3 yrs
Don Parfet
Lead Director
$285K
65
J. Holloman
Independent Director
$266K
63
6.1 yrs
Tom Rosamilia
Independent Director
$243K
57
3.1 yrs
Patty Watson
Director
$247K
52
1.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. May 19 | Sell | Robert Murphy | Individual | 03. May 19 | 03. May 19 | -53 | $177.22 | $-9,393 | ||
| 25. Feb 19 | Sell | Sujeet Chand | Individual | 22. Feb 19 | 22. Feb 19 | -7,500 | $179.43 | $-1,345,709 | ||
| 22. Feb 19 | Sell | Frank Kulaszewicz | Individual | 21. Feb 19 | 21. Feb 19 | -1,231 | $177.70 | $-218,747 | ||
| 03. Dec 18 | Sell | Frank Kulaszewicz | Individual | 30. Nov 18 | 30. Nov 18 | -2,750 | $172.84 | $-475,299 | ||
| 01. Aug 18 | Sell | Theodore Crandall | Individual | 31. Jul 18 | 31. Jul 18 | -5,533 | $187.34 | $-1,036,565 | ||
Management checks
We assess Rockwell Automation's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Rockwell Automation has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Despite Its High P/E Ratio, Is Rockwell Automation, Inc. (NYSE:ROK) Still Undervalued?
We'll look at Rockwell Automation, Inc.'s (NYSE:ROK) P/E ratio and reflect on what it tells us about the company's share price. … Rockwell Automation has a price to earnings ratio of 24.63, based on the last twelve months. … How Do I Calculate Rockwell Automation's Price To Earnings Ratio
Simply Wall St - – Full articleShould You Be Impressed By Rockwell Automation, Inc.'s (NYSE:ROK) ROE?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.33 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleRockwell Automation Inc (NYSE:ROK): Assessing Capital Returns
and looking to gauge the potential return on investment in Rockwell Automation Inc (NYSE:ROK). … Your return is tied to ROK’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … Thus, to understand how your money can grow by investing in Rockwell Automation, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleWhat Investors Should Know About Rockwell Automation Inc's (NYSE:ROK) Financial Strength
Investors pursuing a solid, dependable stock investment can often be led to Rockwell Automation Inc (NYSE:ROK), a large-cap worth US$21.39b. … Today we will look at Rockwell Automation’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis
Simply Wall St - – Full articleInterested In Rockwell Automation Inc (NYSE:ROK)’s Upcoming US$0.92 Dividend? You Have 2 Days Left
Rockwell Automation Inc (NYSE:ROK) will be distributing its dividend of US$0.92 per share on the 10 September 2018, and will start trading ex-dividend in 2 days time on the 10 August 2018. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Will the company be able to keep paying dividend based on the future earnings growth
Simply Wall St - – Full articleIs Rockwell Automation Inc's (NYSE:ROK) 27.30% ROE Strong Compared To Its Industry?
If ROK borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … View our latest analysis for Rockwell Automation
Simply Wall St - – Full articleWho Are The Major Shareholders Of Rockwell Automation Inc (NYSE:ROK)?
In this article, I will take a quick look at Rockwell Automation Inc’s (NYSE:ROK) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.
Simply Wall St - – Full articleWhat Is Driving Rockwell Automation Inc's (NYSE:ROK) Margins In The Next Few Years?
Rockwell Automation Inc (NYSE:ROK) to … earnings growth of 38.64% annualised … it's important to take a step back
Simply Wall St - – Full articleDoes Rockwell Automation Inc (NYSE:ROK) Have A Place In Your Portfolio?
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Rockwell Automation Inc (NYSE:ROK) has returned to shareholders over the past 10 years, an average dividend yield of 2.00% annually. … Does Rockwell Automation tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleInterested In Rockwell Automation Inc (NYSE:ROK)? Here's How It Performed Recently
For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. … Below, I will examine Rockwell Automation Inc's (NYSE:ROK) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … Check out our latest analysis for Rockwell Automation?
Simply Wall St - – Full articleCompany Info
Description
Rockwell Automation, Inc. provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control. This segment also offers configuration and visualization software, which is used to operate and supervise control platforms, process control software, and manufacturing execution systems and information solution software to enhance productivity and meet regulatory requirements; and other products comprising sensors, machine safety components, and linear motion control products. The Control Products & Solutions segment offers low and medium voltage electro-mechanical and electronic motor starters, motor and circuit protection devices, AC/DC variable frequency drives, push buttons, signaling devices, termination and protection devices, relays, and timers; and packaged solutions, such as configured drives and motor control centers to automation and information solutions. This segment also offers life-cycle support services, such as technical support and repair, asset management, training, maintenance, and safety and network consulting services. The company’s brands include Allen-Bradley and Rockwell Software. It serves food and beverage, home and personal care, life sciences, automotive and tire, oil and gas, mining, metal, and chemicals industries through independent distributors and direct sales force in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Rockwell Automation, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin.
Details
| Name: | Rockwell Automation, Inc. |
| ROK | |
| Exchange: | NYSE |
| Founded: | 1903 |
| $18,975,802,092 | |
| 118,362,039 | |
| Website: | http://www.rockwellautomation.com |
| Address: |
Rockwell Automation, Inc. 1201 South 2nd Street, Milwaukee, Wisconsin, 53204, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | ROK | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | RWL | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| LSE | 0KXA | Common Stock | London Stock Exchange | GB | USD | 02. Jan 1968 | |
| BMV | ROK * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Electrical Components and Equipment | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 01:40 |
| End of day share price update: | 2019/05/17 00:00 |
| Last estimates confirmation: | 2019/05/18 |
| Last earnings filing: | 2019/04/25 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/09/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
