Recent News
June 22, 2026: Rockwell introduced FactoryTalk Orchestration and related software at Automate, positioning additional coordination across production and material flow. Early August 2026: multiple industry reports and security analysts flagged internet-exposed programmable logic controllers linked to Rockwell/Allen‑Bradley hardware, noting overlap with municipalities affected by utility incidents. August–September 2026: Rockwell announced expanded AI visual‑inspection integration with Plex Quality Management and continued product/solutions rollouts tied to FactoryTalk and FactoryTalk Analytics VisionAI.
Technical Analysis
Directional indicators: ADX sits at 26.81, indicating a technically strong trend environment; DI+ at 15.12 shows an increasing trend while DI− at 27.56 has undergone a dip & reversal, creating a net directional advantage toward negative pressure. This combination favors continuation of near-term downside against the current valuation backdrop.
MACD and momentum: MACD reads −6.7 with a MACD trend labeled peak & reversal, which signals bearish momentum; however, MACD currently sits slightly above its signal (MACD −6.7 vs signal −6.9), which constitutes a short-lived bullish crossover signal. The net message: momentum recently peaked and reversed, leaving any MACD crossover vulnerable to failure unless momentum re-accelerates.
MRO: MRO at −3.38 indicates price below the model target and therefore technical potential for upward mean reversion; the recent MRO_trend peak & reversal weakens that reversion potential and suggests any recovery could remain limited without a fresh momentum pickup.
RSI and volatility: RSI at 44.96 with a peak & reversal trend registers below neutral, signaling modest downside bias rather than oversold conditions. Bollinger structure shows the close below the 1‑standard‑deviation lower band (lower 1x = $421.36; close $418.85), implying short-term price pressure within normal two‑sigma bounds rather than extreme dislocation.
Price vs averages and trend context: The close at $418.85 sits below the 20‑day average $427.02, the 12‑day EMA exhibiting a peak & reversal, and well below the 50‑day average $448.11, while also marginally below the 200‑day average $420.66. These relationships create a short-term moving‑average resistance zone and increase the likelihood that selling pressure persists until price clears the 20–50 day band.
Volume and volatility: Ten‑day average volume at ~735k versus last trade volume ~650k shows slightly lighter trading participation; 42‑day volatility remains muted at 2%, which limits the scope of rapid directional moves absent a fresh catalyst.
Fundamental Analysis
Profitability and cash flow: Operating margin registers 20.80% and EBIT margin 21.75%, both above the industry peer mean and median (industry peer mean EBIT margin 20.121% and median 18.071%). Gross margin sits at 49.46%, supporting high operating leverage; operating cash flow $517,000,000 and free cash flow $654,000,000 yield a free cash flow yield of 1.30%.
Earnings and surprises: Reported EPS $3.49 exceeded the estimate $3.38 by $0.11, an EPS surprise ratio of 3.25%; forward EPS consensus $3.70 produces a forward P/E near 118.32. Reported EBIT $503,000,000 and EBITDA $582,000,000 underpin operating strength despite revenue headwinds.
Revenue and growth trends: Total revenue $2,313,000,000 shows trailing revenue growth of 3.31% YoY but notable negative QoQ dynamics: revenue growth QoQ −48.08% and revenue growth YoY −53.75% reflect period structure effects and indicate a contractionary recent sales cadence versus annual comparisons.
Balance sheet and leverage: Total debt $3,613,000,000 with net debt $2,779,000,000 produces debt to EBITDA ~6.21 and debt to equity ~1.03; interest coverage approximates 15.24x, reflecting ample earnings capacity to cover interest. Current ratio 1.08 and quick ratio 0.74 signal adequate near‑term liquidity while cash and short‑term investments $479,000,000 remain modest relative to total liabilities.
Capital allocation and returns: Dividend rate $1.39296 and dividend yield ~0.31% with dividend payout ~37.99%; return on equity 11.68% and return on assets 3.65% exceed industry peer means in several cases (industry peer mean ROE 4.059%), indicating efficient capital use relative to many peers despite elevated leverage.
Valuation context: WMDST values the stock as over‑valued. Price multiples present heightened multiple risk: trailing P/E ~129.97 and P/B ~14.45 sit above the industry peer mean and toward the upper end of peer ranges. Enterprise value multiple and free cash flow yield reflect compressed yield relative to capital employed; given margin strength and cash generation, the premium appears priced for sustained growth and execution, which recent revenue volatility does not yet confirm.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-08-03 |
| NEXT REPORT DATE: | 2026-11-02 |
| CASH FLOW | Begin Period Cash Flow | $ 423.0 M |
| Operating Cash Flow | $ 517.0 M | |
| Capital Expenditures | $ -70.00 M | |
| Change In Working Capital | $ 229.0 M | |
| Dividends Paid | $ -155.00 M | |
| Cash Flow Delta | $ 56.0 M | |
| End Period Cash Flow | $ 479.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.3 B | |
| Forward Revenue | $ 584.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.2 B | |
| Depreciation | $ 47.0 M | |
| Depreciation and Amortization | $ 79.0 M | |
| Research and Development | $ 173.0 M | |
| Total Operating Expenses | $ 1.8 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.1 B | |
| EBITDA | $ 582.0 M | |
| EBIT | $ 503.0 M | |
| Operating Income | $ 481.0 M | |
| Interest Income | $ 3.0 M | |
| Interest Expense | $ 33.0 M | |
| Net Interest Income | $ -30.00 M | |
| Income Before Tax | $ 470.0 M | |
| Tax Provision | $ 62.0 M | |
| Tax Rate | 13.192 % | |
| Net Income | $ 408.0 M | |
| Net Income From Continuing Operations | $ 408.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.38 | |
| EPS Actual | $ 3.49 | |
| EPS Difference | $ 0.11 | |
| EPS Surprise | 3.254 % | |
| Forward EPS | $ 3.70 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 11.1 B | |
| Intangible Assets | $ 4.5 B | |
| Net Tangible Assets | $ -1.03 B | |
| Total Current Assets | $ 3.9 B | |
| Cash and Short-Term Investments | $ 479.0 M | |
| Cash | $ 479.0 M | |
| Net Receivables | $ 1.9 B | |
| Inventory | $ 1.2 B | |
| Long-Term Investments | $ 814.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 935.0 M | |
| Short-Term Debt | $ 688.0 M | |
| Total Current Liabilities | $ 3.7 B | |
| Net Debt | $ 2.8 B | |
| Total Debt | $ 3.6 B | |
| Total Liabilities | $ 7.6 B | |
| EQUITY | ||
| Total Equity | $ 3.5 B | |
| Retained Earnings | $ 5.9 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 31.40 | |
| Shares Outstanding | 111.274 M | |
| Revenue Per-Share | $ 20.79 | |
| VALUATION | Market Capitalization | $ 50.5 B |
| Enterprise Value | $ 53.6 B | |
| Enterprise Multiple | 92.106 | |
| Enterprise Multiple QoQ | 8.574 % | |
| Enterprise Multiple YoY | 4.651 % | |
| Enterprise Multiple IPRWA | high: 131.775 ROK: 92.106 mean: 69.943 median: 64.38 low: -34.498 |
|
| EV/R | 23.176 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.174 | |
| Asset To Liability | 1.46 | |
| Debt To Capital | 0.508 | |
| Debt To Assets | 0.326 | |
| Debt To Assets QoQ | -9.551 % | |
| Debt To Assets YoY | -5.904 % | |
| Debt To Assets IPRWA | high: 0.37 ROK: 0.326 median: 0.279 mean: 0.232 low: 0.001 |
|
| Debt To Equity | 1.034 | |
| Debt To Equity QoQ | -10.164 % | |
| Debt To Equity YoY | -7.588 % | |
| Debt To Equity IPRWA | high: 1.052 ROK: 1.034 median: 0.586 mean: 0.456 low: -0.022 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 14.445 | |
| Price To Book QoQ | 16.86 % | |
| Price To Book YoY | 33.547 % | |
| Price To Book IPRWA | ROK: 14.445 high: 9.067 mean: 4.496 median: 3.889 low: -0.583 |
|
| Price To Earnings (P/E) | 129.965 | |
| Price To Earnings QoQ | 9.62 % | |
| Price To Earnings YoY | 12.237 % | |
| Price To Earnings IPRWA | high: 194.573 ROK: 129.965 median: 111.728 mean: 96.588 low: -116.964 |
|
| PE/G Ratio | 22.571 | |
| Price To Sales (P/S) | 21.821 | |
| Price To Sales QoQ | 12.222 % | |
| Price To Sales YoY | 24.898 % | |
| Price To Sales IPRWA | high: 52.134 ROK: 21.821 mean: 17.966 median: 16.263 low: 0.331 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 118.319 | |
| Forward PE/G | 20.549 | |
| Forward P/S | 86.428 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.716 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.207 | |
| Asset Turnover Ratio QoQ | 3.947 % | |
| Asset Turnover Ratio YoY | 7.104 % | |
| Asset Turnover Ratio IPRWA | high: 0.532 ROK: 0.207 mean: 0.156 median: 0.124 low: 0.023 |
|
| Receivables Turnover | 1.211 | |
| Receivables Turnover Ratio QoQ | -1.131 % | |
| Receivables Turnover Ratio YoY | 4.126 % | |
| Receivables Turnover Ratio IPRWA | high: 2.927 mean: 1.731 median: 1.596 ROK: 1.211 low: 0.156 |
|
| Inventory Turnover | 0.947 | |
| Inventory Turnover Ratio QoQ | 3.875 % | |
| Inventory Turnover Ratio YoY | -9.301 % | |
| Inventory Turnover Ratio IPRWA | high: 1.565 mean: 1.008 ROK: 0.947 median: 0.897 low: 0.169 |
|
| Days Sales Outstanding (DSO) | 75.351 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 104.02 | |
| Cash Conversion Cycle Days QoQ | -5.026 % | |
| Cash Conversion Cycle Days YoY | -5.393 % | |
| Cash Conversion Cycle Days IPRWA | high: 420.794 ROK: 104.02 median: 98.357 mean: 94.458 low: -80.169 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 8.38 | |
| CapEx To Revenue | -0.03 | |
| CapEx To Depreciation | -1.489 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 6.1 B | |
| Net Invested Capital | $ 6.8 B | |
| Invested Capital | $ 6.8 B | |
| Net Tangible Assets | $ -1.03 B | |
| Net Working Capital | $ 276.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.13 | |
| Current Ratio | 1.075 | |
| Current Ratio QoQ | -1.433 % | |
| Current Ratio YoY | 1.441 % | |
| Current Ratio IPRWA | high: 16.63 mean: 1.407 median: 1.214 ROK: 1.075 low: 0.896 |
|
| Quick Ratio | 0.737 | |
| Quick Ratio QoQ | -3.538 % | |
| Quick Ratio YoY | 2.267 % | |
| Quick Ratio IPRWA | high: 15.094 mean: 0.962 median: 0.764 ROK: 0.737 low: 0.663 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.208 | |
| Cost Of Debt | 0.747 % | |
| Interest Coverage Ratio | 15.242 | |
| Interest Coverage Ratio QoQ | 15.279 % | |
| Interest Coverage Ratio YoY | 63.17 % | |
| Interest Coverage Ratio IPRWA | high: 27.286 ROK: 15.242 mean: 13.186 median: 9.327 low: -47.107 |
|
| Operating Cash Flow Ratio | 0.141 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 72.41 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 2.632 | |
| Dividend Payout Ratio | 0.38 | |
| Dividend Rate | $ 1.39 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.466 % | |
| Revenue Growth | 3.305 % | |
| Revenue Growth QoQ | -48.084 % | |
| Revenue Growth YoY | -53.75 % | |
| Revenue Growth IPRWA | high: 55.868 % mean: 8.802 % median: 6.267 % ROK: 3.305 % low: 1.807 % |
|
| Earnings Growth | 5.758 % | |
| Earnings Growth QoQ | -71.21 % | |
| Earnings Growth YoY | -61.873 % | |
| Earnings Growth IPRWA | high: 86.747 % mean: 16.903 % median: 6.091 % ROK: 5.758 % low: -80.412 % |
|
| MARGINS | ||
| Gross Margin | 49.46 % | |
| Gross Margin QoQ | -1.564 % | |
| Gross Margin YoY | 21.053 % | |
| Gross Margin IPRWA | high: 66.956 % ROK: 49.46 % mean: 44.391 % median: 40.177 % low: -6.802 % |
|
| EBIT Margin | 21.747 % | |
| EBIT Margin QoQ | 2.295 % | |
| EBIT Margin YoY | 21.736 % | |
| EBIT Margin IPRWA | high: 25.556 % ROK: 21.747 % mean: 20.121 % median: 18.071 % low: -110.265 % |
|
| Return On Sales (ROS) | 20.796 % | |
| Return On Sales QoQ | -0.297 % | |
| Return On Sales YoY | 17.951 % | |
| Return On Sales IPRWA | high: 25.836 % mean: 21.332 % ROK: 20.796 % median: 18.376 % low: -79.98 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 654.0 M | |
| Free Cash Flow Yield | 1.296 % | |
| Free Cash Flow Yield QoQ | 105.063 % | |
| Free Cash Flow Yield YoY | -0.69 % | |
| Free Cash Flow Yield IPRWA | high: 3.804 % median: 1.668 % ROK: 1.296 % mean: 1.294 % low: -7.796 % |
|
| Free Cash Growth | 137.818 % | |
| Free Cash Growth QoQ | 123.133 % | |
| Free Cash Growth YoY | -25.89 % | |
| Free Cash Growth IPRWA | high: 466.116 % ROK: 137.818 % median: 90.49 % mean: 83.614 % low: -660.059 % |
|
| Free Cash To Net Income | 1.603 | |
| Cash Flow Margin | 22.352 % | |
| Cash Flow To Earnings | 1.267 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.651 % | |
| Return On Assets QoQ | 16.944 % | |
| Return On Assets YoY | 37.307 % | |
| Return On Assets IPRWA | high: 4.11 % ROK: 3.651 % mean: 2.204 % median: 1.822 % low: -14.097 % |
|
| Return On Capital Employed (ROCE) | 6.78 % | |
| Return On Equity (ROE) | 0.117 | |
| Return On Equity QoQ | 17.168 % | |
| Return On Equity YoY | 37.07 % | |
| Return On Equity IPRWA | high: 0.117 ROK: 0.117 mean: 0.041 median: 0.033 low: -0.262 |
|
| DuPont ROE | 11.63 % | |
| Return On Invested Capital (ROIC) | 6.467 % | |
| Return On Invested Capital QoQ | 22.807 % | |
| Return On Invested Capital YoY | 36.55 % | |
| Return On Invested Capital IPRWA | ROK: 6.467 % high: 6.22 % mean: 3.089 % median: 2.42 % low: -6.496 % |
|