ROK - 1 Magnificent S&P 500 Dividend Stock Down 20% to Buy Hand Over Fist
2023-12-03 07:19:00 ET
Many stocks in the S&P 500 's industrial sector are viewed as stodgy, low-growth businesses with market-matching total returns at best. However, rising more than 2,700% since the turn of the millennium, industrial automation and digital transformation specialist Rockwell Automation (NYSE: ROK) seems to dismiss this notion.
Despite this incredible run, Rockwell's share price has merely matched (roughly) the total returns of the S&P 500 index over the last five and 10 years, and is now down 20% from its 52-week highs.
Is Rockwell's market-beating run nearing an end, or is the automation-focused company poised to surge back ahead over the coming decades?
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1 Magnificent S&P 500 Dividend Stock Down 20% to Buy Hand Over Fist