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Rockwell Automation

NYSE:ROK
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ROK
NYSE
$19B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Rockwell Automation, Inc. provides industrial automation and information solutions worldwide. The last earnings update was 55 days ago. More info.


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ROK Share Price and Events
7 Day Returns
0.5%
NYSE:ROK
1.1%
US Electrical
1.2%
US Market
1 Year Returns
-7.1%
NYSE:ROK
-0.4%
US Electrical
2.3%
US Market
ROK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rockwell Automation (ROK) 0.5% 0.1% -10.3% -7.1% 34.5% 27.2%
US Electrical 1.1% 1.7% -1.4% -0.4% 27.9% 6%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • ROK underperformed the Electrical industry which returned -0.4% over the past year.
  • ROK underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
ROK
Industry
5yr Volatility vs Market

Value

 Is Rockwell Automation undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rockwell Automation.

NYSE:ROK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:ROK
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 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.152 (1 + (1- 21%) (11.88%))
1.174
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.174 * 5.96%)
9.73%

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.

NYSE:ROK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.73%)
2019 1,009.40 Analyst x10 919.91
2020 1,259.97 Analyst x10 1,046.46
2021 1,217.00 Analyst x4 921.16
2022 1,092.00 Analyst x2 753.27
2023 1,137.00 Analyst x1 714.77
2024 1,112.88 Est @ -2.12% 637.58
2025 1,105.46 Est @ -0.67% 577.18
2026 1,109.36 Est @ 0.35% 527.87
2027 1,121.19 Est @ 1.07% 486.19
2028 1,138.73 Est @ 1.57% 450.02
Present value of next 10 years cash flows $7,034.41
NYSE:ROK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,138.73 × (1 + 2.73%) ÷ (9.73% – 2.73%)
$16,715.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $16,715.77 ÷ (1 + 9.73%)10
$6,606.01
NYSE:ROK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7,034.41 + $6,606.01
$13,640.42
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $13,640.42 / 118.36
$115.24
NYSE:ROK Discount to Share Price
Calculation Result
Value per share (USD) From above. $115.24
Current discount Discount to share price of $158.70
= -1 x ($158.70 - $115.24) / $115.24
-37.7%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:ROK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $7.99
NYSE:ROK Share Price ** NYSE (2019-06-19) in USD $158.7
United States of America Electrical Industry PE Ratio Median Figure of 30 Publicly-Listed Electrical Companies 16.69x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rockwell Automation.

NYSE:ROK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ROK Share Price ÷ EPS (both in USD)

= 158.7 ÷ 7.99

19.86x

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?
Raw Data
NYSE:ROK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
4.3%per year
United States of America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 2.03x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:ROK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.86x ÷ 4.3%

4.67x

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?
Raw Data
NYSE:ROK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.29
NYSE:ROK Share Price * NYSE (2019-06-19) in USD $158.7
United States of America Electrical Industry PB Ratio Median Figure of 63 Publicly-Listed Electrical Companies 1.9x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NYSE:ROK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ROK Share Price ÷ Book Value per Share (both in USD)

= 158.7 ÷ 11.29

14.06x

* 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.
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Value checks
We assess Rockwell Automation's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. 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

 How is Rockwell Automation expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

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!
Annual Growth Rate
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rockwell Automation expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:ROK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ROK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 4.3%
NYSE:ROK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 2.5%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
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 7.4%

*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
Raw Data
NYSE:ROK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ROK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 7,542 1,266 1,147 2
2022-09-30 7,169 1,159 1,001 2
2021-09-30 7,214 1,433 1,131 8
2020-09-30 7,059 1,466 1,113 21
2019-09-30 6,819 1,162 996 22
NYSE:ROK Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Rockwell Automation's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Rockwell Automation's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ROK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Rockwell Automation Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ROK Future Estimates Data
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 9.92 10.24 9.13 5.00
2020-09-30 9.56 10.13 9.20 17.00
2019-09-30 8.29 8.96 7.87 16.00
NYSE:ROK Past Financials Data
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%).
X
Future performance checks
We assess Rockwell Automation's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Rockwell Automation's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 27.1%).
Earnings and Revenue History
Rockwell Automation's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rockwell Automation Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ROK Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Rockwell Automation's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Rockwell Automation's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Rockwell Automation Company Filings, last reported 2 months ago.

NYSE:ROK Past Debt and Equity Data
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).
X
Financial health checks
We assess Rockwell Automation's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rockwell Automation has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.44%
Current annual income from Rockwell Automation dividends. Estimated to be 2.54% next year.
If you bought $2,000 of Rockwell Automation shares you are expected to receive $49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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%).
Upcoming dividend payment

Purchase Rockwell Automation before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
NYSE:ROK Annualized Past and Future Dividends
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 22 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 2011 Stocks 2.4%
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.

NYSE:ROK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 4.27 7.00
2020-09-30 4.12 14.00
2019-09-30 3.84 15.00
NYSE:ROK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-05 3.880 2.459
2019-04-03 3.880 2.269
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

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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Rockwell Automation's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Rockwell Automation's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Blake Moret
COMPENSATION $9,188,851
AGE 55
TENURE AS CEO 2.9 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 been consistent with company performance over the past year, both up more than 20%.
  • 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:

2.4
Average Tenure
55.5
Average Age
  • The tenure for the Rockwell Automation management team is about average.
Management Team

Blake Moret

TITLE
Chairman
COMPENSATION
$9M
AGE
55
TENURE
2.9 yrs

Patrick Goris

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
46
TENURE
2.3 yrs

Sujeet Chand

TITLE
CTO & Senior VP
COMPENSATION
$2M
AGE
60
TENURE
13.8 yrs

Frank Kulaszewicz

TITLE
Senior VP and Head of Control Products & Solutions segment
COMPENSATION
$3M
AGE
54

Mike Laszkiewicz

TITLE
Senior Vice President of Operations & Engineering Services
AGE
58
TENURE
0.9 yrs

Chris Nardecchia

TITLE
Senior VP for IT & Chief Information Officer
AGE
56
TENURE
1.6 yrs

Steve Etzel

TITLE
VP of Investor Relations & Treasurer
AGE
58
TENURE
11.6 yrs

Becky House

TITLE
Senior VP
AGE
45
TENURE
2.4 yrs

Bruce Quinn

TITLE
Vice President Public Affairs

Thomas Donato

TITLE
Senior Vice President
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Rockwell Automation board of directors in years:

5.3
Average Tenure
58
Average Age
  • The tenure for the Rockwell Automation board of directors is about average.
Board of Directors

Blake Moret

TITLE
Chairman
COMPENSATION
$9M
AGE
55
TENURE
1.4 yrs

Steve Kalmanson

TITLE
Independent Director
COMPENSATION
$242K
AGE
66
TENURE
8.4 yrs

Jim Keane

TITLE
Independent Director
COMPENSATION
$265K
AGE
59
TENURE
8.4 yrs

Lawrence Kingsley

TITLE
Independent Director
COMPENSATION
$253K
AGE
55
TENURE
6.2 yrs

Lisa Payne

TITLE
Independent Director
COMPENSATION
$263K
AGE
59
TENURE
4.4 yrs

Don Parfet

TITLE
Lead Director
COMPENSATION
$285K
AGE
65

J. Holloman

TITLE
Independent Director
COMPENSATION
$266K
AGE
63
TENURE
6.2 yrs

Tom Rosamilia

TITLE
Independent Director
COMPENSATION
$243K
AGE
57
TENURE
3.2 yrs

Patty Watson

TITLE
Director
COMPENSATION
$247K
AGE
52
TENURE
1.9 yrs

Pam Murphy

TITLE
Director
AGE
45
Who owns this company?
Recent Insider Trading
  • Rockwell Automation insiders have only sold shares in the past 3 months, but not in substantial volumes.
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
X
Management checks
We assess Rockwell Automation's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Should 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 -

Rockwell 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 -

What 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 -

Interested 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 -

Is 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 -

Who 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 -

What 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 -

Does 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 -

Interested 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 -

Company 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
$18,784,055,589
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
Staff numbers
23,000
Rockwell Automation employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:49
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/19
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.