Equities analysts expect that Rockwell Automation (NYSE:ROK) will post sales of $1.70 billion for the current quarter, according to Zacks. Six analysts have issued estimates for Rockwell Automation’s earnings. The highest sales estimate is $1.72 billion and the lowest is $1.69 billion. Rockwell Automation posted sales of $1.60 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The firm is expected to report its next earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Rockwell Automation will report full year sales of $6.71 billion for the current year, with estimates ranging from $6.70 billion to $6.75 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $7.09 billion per share, with estimates ranging from $7.03 billion to $7.16 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Rockwell Automation.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.66 billion. Rockwell Automation had a return on equity of 42.38% and a net margin of 6.34%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.55 EPS.
ROK has been the subject of several recent analyst reports. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Wells Fargo & Co upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Wednesday, March 28th. Cowen lifted their price objective on Rockwell Automation from $165.00 to $175.00 and gave the stock a “market perform” rating in a report on Tuesday, March 20th. Morgan Stanley cut their price objective on Rockwell Automation from $206.00 to $187.00 and set an “equal weight” rating for the company in a report on Monday, April 30th. Finally, Barclays cut their price objective on Rockwell Automation from $200.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, March 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $185.79.
In other news, SVP Sujeet Chand sold 4,900 shares of the business’s stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $182.46, for a total value of $894,054.00. Following the transaction, the senior vice president now directly owns 49,327 shares in the company, valued at $9,000,204.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.65% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Rockwell Automation by 0.9% in the first quarter. BlackRock Inc. now owns 9,883,663 shares of the industrial products company’s stock valued at $1,721,735,000 after acquiring an additional 91,879 shares in the last quarter. UBS Group AG lifted its position in shares of Rockwell Automation by 4.6% in the first quarter. UBS Group AG now owns 5,120,696 shares of the industrial products company’s stock valued at $892,025,000 after acquiring an additional 227,226 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Rockwell Automation by 5.7% in the fourth quarter. Lazard Asset Management LLC now owns 2,629,619 shares of the industrial products company’s stock valued at $516,325,000 after acquiring an additional 141,253 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Rockwell Automation by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 1,534,506 shares of the industrial products company’s stock valued at $300,749,000 after acquiring an additional 30,246 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Rockwell Automation by 6.1% in the first quarter. Franklin Resources Inc. now owns 1,408,518 shares of the industrial products company’s stock valued at $245,366,000 after acquiring an additional 81,519 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.
Shares of Rockwell Automation traded down $2.46, reaching $165.52, on Friday, according to MarketBeat. The stock had a trading volume of 1,413,087 shares, compared to its average volume of 991,184. The stock has a market cap of $21.09 billion, a PE ratio of 24.41, a PEG ratio of 1.82 and a beta of 1.29. Rockwell Automation has a 12-month low of $155.81 and a 12-month high of $210.72. The company has a quick ratio of 1.79, a current ratio of 2.10 and a debt-to-equity ratio of 0.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be given a $0.92 dividend. The ex-dividend date of this dividend is Friday, August 10th. This represents a $3.68 annualized dividend and a dividend yield of 2.22%. Rockwell Automation’s payout ratio is 54.44%.
Rockwell Automation Company Profile
Rockwell Automation Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.
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