Analysts expect Rockwell Automation, Inc. (NYSE:ROK) to post earnings per share (EPS) of $1.64 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Rockwell Automation’s earnings. The lowest EPS estimate is $1.59 and the highest is $1.68. Rockwell Automation posted earnings of $1.55 per share during the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The business is expected to issue its next earnings report on Wednesday, July 26th.
On average, analysts expect that Rockwell Automation will report full year earnings of $6.64 per share for the current financial year, with EPS estimates ranging from $6.60 to $6.72. For the next fiscal year, analysts forecast that the firm will post earnings of $7.27 per share, with EPS estimates ranging from $6.82 to $7.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Rockwell Automation.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.15. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Rockwell Automation had a return on equity of 39.71% and a net margin of 12.88%. Rockwell Automation’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS.
A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Tuesday. Berenberg Bank reissued a “sell” rating and set a $125.00 target price on shares of Rockwell Automation in a research note on Wednesday, February 22nd. Stifel Nicolaus lifted their target price on shares of Rockwell Automation from $159.00 to $167.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Credit Suisse Group reissued a “hold” rating and set a $145.00 target price on shares of Rockwell Automation in a research note on Thursday, March 30th. Finally, Morgan Stanley lifted their target price on shares of Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $141.50.
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Shares of Rockwell Automation (ROK) traded down 1.16% on Tuesday, reaching $162.15. The company’s stock had a trading volume of 584,102 shares. The stock has a market capitalization of $20.89 billion, a PE ratio of 27.07 and a beta of 1.08. The stock has a 50-day moving average of $158.61 and a 200 day moving average of $150.58. Rockwell Automation has a 1-year low of $107.17 and a 1-year high of $165.39.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.76 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.87%. Rockwell Automation’s dividend payout ratio is currently 50.75%.
In related news, insider Kenneth M. Champa sold 5,000 shares of Rockwell Automation stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $159.08, for a total value of $795,400.00. Following the transaction, the insider now owns 8,169 shares in the company, valued at approximately $1,299,524.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith D. Nosbusch sold 20,000 shares of Rockwell Automation stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $157.50, for a total transaction of $3,150,000.00. Following the completion of the transaction, the director now owns 411,286 shares in the company, valued at approximately $64,777,545. The disclosure for this sale can be found here. Insiders have sold a total of 129,605 shares of company stock worth $20,469,855 in the last 90 days. 1.65% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobus Wealth Management Inc. purchased a new position in shares of Rockwell Automation during the first quarter valued at approximately $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares during the period. Tiemann Investment Advisors LLC purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $205,000. Appleton Group LLC purchased a new position in shares of Rockwell Automation during the first quarter valued at approximately $213,000. Finally, Hunter Associates Investment Management LLC purchased a new position in shares of Rockwell Automation during the first quarter valued at approximately $215,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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