Equities research analysts expect Rockwell Automation, Inc. (NYSE:ROK) to report earnings per share (EPS) of $2.14 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Rockwell Automation’s earnings, with estimates ranging from $2.03 to $2.25. Rockwell Automation reported earnings per share of $2.38 during the same quarter last year, which indicates a negative year over year growth rate of 10.1%. The company is expected to issue its next earnings report on Tuesday, January 25th.
On average, analysts expect that Rockwell Automation will report full year earnings of $10.72 per share for the current fiscal year, with EPS estimates ranging from $10.46 to $11.00. For the next financial year, analysts forecast that the firm will report earnings of $11.87 per share, with EPS estimates ranging from $11.25 to $12.55. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Rockwell Automation.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, November 2nd. The industrial products company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.17 by $0.16. Rockwell Automation had a return on equity of 47.68% and a net margin of 19.41%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the company earned $1.87 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year.
ROK has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on Rockwell Automation from $256.00 to $284.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 3rd. Deutsche Bank Aktiengesellschaft cut their target price on Rockwell Automation from $337.00 to $336.00 and set a “hold” rating for the company in a research report on Friday, December 10th. The Goldman Sachs Group raised their price target on Rockwell Automation from $296.00 to $326.00 and gave the company a “sell” rating in a report on Monday, December 13th. Barclays raised their price target on Rockwell Automation from $289.00 to $318.00 and gave the company an “equal weight” rating in a report on Wednesday, November 3rd. Finally, Loop Capital began coverage on Rockwell Automation in a report on Wednesday, November 17th. They set a “hold” rating and a $315.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $317.19.
Shares of NYSE:ROK traded up $2.01 during trading on Friday, hitting $348.85. 301,233 shares of the company’s stock were exchanged, compared to its average volume of 635,923. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.02 and a quick ratio of 0.76. Rockwell Automation has a 52-week low of $237.13 and a 52-week high of $354.99. The business’s 50-day simple moving average is $339.59 and its 200 day simple moving average is $315.87. The company has a market cap of $40.46 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 3.51 and a beta of 1.37.
The business also recently announced a quarterly dividend, which was paid on Friday, December 10th. Stockholders of record on Monday, November 15th were issued a $1.12 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Friday, November 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 1.28%. Rockwell Automation’s payout ratio is 38.65%.
In related news, SVP Christopher Nardecchia sold 704 shares of the firm’s stock in a transaction that occurred on Monday, October 4th. The stock was sold at an average price of $292.06, for a total transaction of $205,610.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Frank C. Kulaszewicz sold 249 shares of the firm’s stock in a transaction that occurred on Monday, December 13th. The stock was sold at an average price of $350.24, for a total value of $87,209.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,440 shares of company stock valued at $9,047,909. Company insiders own 0.68% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. FFT Wealth Management LLC bought a new stake in Rockwell Automation during the 2nd quarter valued at $25,000. Monetary Management Group Inc. bought a new stake in Rockwell Automation during the 2nd quarter valued at $27,000. D Orazio & Associates Inc. raised its position in Rockwell Automation by 69.8% during the 3rd quarter. D Orazio & Associates Inc. now owns 107 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. SouthState Corp bought a new stake in Rockwell Automation during the 3rd quarter valued at $34,000. Finally, Bell Investment Advisors Inc bought a new stake in Rockwell Automation during the 3rd quarter valued at $34,000. 77.49% of the stock is owned by institutional investors and hedge funds.
About Rockwell Automation
Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software & Control, and Lifecycle Services. The Intelligent Devices segment combines a comprehensive portfolio of smart products that create the foundation of an agile, resilient and sustainable production system.
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