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Trade-Ideas: Rockwell Automation (ROK) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Rockwell Automation ( ROK) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Rockwell Automation as such a stock due to the following factors:

  • ROK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $79.6 million.
  • ROK has traded 796,020 shares today.
  • ROK is trading at a new lifetime high.

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More details on ROK:

Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture & Software and Control Products & Solutions. The stock currently has a dividend yield of 1.9%. ROK has a PE ratio of 21.1. Currently there are 4 analysts that rate Rockwell Automation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

The average volume for Rockwell Automation has been 673,100 shares per day over the past 30 days. Rockwell Automation has a market cap of $15.2 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.33 and a short float of 1.9% with 3.79 days to cover. Shares are up 30.7% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Rockwell Automation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 55.37% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ROK should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • ROCKWELL AUTOMATION has improved earnings per share by 9.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ROCKWELL AUTOMATION increased its bottom line by earning $5.14 versus $4.79 in the prior year. This year, the market expects an improvement in earnings ($5.62 versus $5.14).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the Electrical Equipment industry average, but is less than that of the S&P 500. The net income increased by 6.8% when compared to the same quarter one year prior, going from $190.70 million to $203.70 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 8.6%. Since the same quarter one year prior, revenues slightly increased by 4.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.56, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, ROK has a quick ratio of 1.64, which demonstrates the ability of the company to cover short-term liquidity needs.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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