Extremely important negative changes in investment behavior have recently occurred for Rockwell Automation Inc. (NYSE: ROK): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Rockwell Automation Inc. (NYSE: ROK). Minimal negative changes in fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ROK is expected to continue to be a major Value Builder.
Rockwell Automation has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Rockwell Automation has a poor Appreciation Score of 23 and a poor Power Rating of 18, producing the Lowest Value Trend Rating.
Recent Price Action
Rockwell Automation Inc. (NYSE: ROK) stock closed at $258.15 on 8/9/24 after a slight decline of -0.4%. However, trading volume in this decline was below average at 72% of normal. The stock has declined -2.4% during the last week and has been weak relative to the market over the last nine months.
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