Rockwell Automation (ROK) to Release Quarterly Earnings on Tuesday

Rockwell Automation (NYSE:ROK) is set to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Rockwell Automation to post earnings of $2.15 per share for the quarter. Rockwell Automation has set its FY 2024 guidance at 12.000-13.500 EPS and its FY24 guidance at $12.00-13.50 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period in the previous year, the business earned $2.46 earnings per share. On average, analysts expect Rockwell Automation to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Rockwell Automation Trading Down 1.0 %

Shares of NYSE ROK traded down $2.68 during trading hours on Tuesday, hitting $277.29. 68,568 shares of the company traded hands, compared to its average volume of 1,001,098. The company’s 50 day moving average price is $282.51 and its 200 day moving average price is $283.46. Rockwell Automation has a 12 month low of $252.11 and a 12 month high of $348.52. The stock has a market capitalization of $31.77 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.83 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is 47.57%.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret acquired 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $283.64 per share, with a total value of $992,740.00. Following the completion of the acquisition, the chief executive officer now directly owns 77,215 shares in the company, valued at approximately $21,901,262.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Rockwell Automation news, VP Isaac Woods sold 150 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $287.59, for a total value of $43,138.50. Following the completion of the transaction, the vice president now directly owns 1,199 shares in the company, valued at $344,820.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Blake D. Moret purchased 3,500 shares of the stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the acquisition, the chief executive officer now directly owns 77,215 shares in the company, valued at approximately $21,901,262.60. The disclosure for this purchase can be found here. In the last quarter, insiders sold 17,877 shares of company stock valued at $5,058,772. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROK. Mizuho lowered their target price on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Wells Fargo & Company decreased their price objective on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. Barclays cut their target price on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Finally, Citigroup reduced their price target on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $310.08.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.