By Rob Otman
Rockwell Automation stock had a calm day in the market on Tuesday September 26…
Shares moved -0.39% and closed the day at $176.98. They’re now trading 1.03% below their 52-week high of $178.82.
With today’s drop, Rockwell Automation now has a market cap of $23 billion. That makes it a large cap company. The business operates in the industrial automation industry and employs 22,000 people. Its shares trade primarily on the New York stock exchange.
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Rockwell Automation has 128.36 million shares outstanding and 611,375 traded hands for the day. That’s above the average 30-day volume of 580,595 shares. The amount of Rockwell Automation stock is also dropping as the company buys back its own shares. In the last 12 months, it repurchased $432 million worth.
Over the last five years, Rockwell Automation’s revenue is down by -2.01%. You can see this drop in annual revenue chart below…
In the last year alone, Rockwell Automation’s revenue has dropped by -6.79%. That’s not a good sign for Rockwell Automation stock owners. We like to invest in companies that grow their sales. A growing top line is a sign of a healthy business.
For now, Rockwell Automation will continue to pull in revenue. So let’s take a closer look at the company’s total financial health. And the best way to do that is by looking at its balance sheet… Rockwell Automation’s cash comes in at $3 billion and the company’s debt is $2 billion…
Rockwell Automation’s cash pile is larger than its total debt. This and a steady cash flow has allowed the company to buy back shares.
The business is financially sound and will continue operating. Even with the recent downturn, the company has a bright future as industrial automation expands.
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Source:: Investment You
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