Rockwell Automation (ROK) Scheduled to Post Earnings on Wednesday

Rockwell Automation (NYSE:ROK) will announce its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $2.11 per share for the quarter. Rockwell Automation has set its FY 2024 guidance at 10.000-11.000 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.15 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. Rockwell Automation’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm posted $3.01 EPS. On average, analysts expect Rockwell Automation to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $275.43 on Wednesday. The firm has a market capitalization of $31.40 billion, a P/E ratio of 26.92, a PEG ratio of 4.85 and a beta of 1.37. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average price of $265.87 and a 200 day moving average price of $276.21. Rockwell Automation has a 52 week low of $249.00 and a 52 week high of $339.65.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, August 12th. Rockwell Automation’s payout ratio is currently 48.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Redburn Atlantic assumed coverage on shares of Rockwell Automation in a research report on Monday, July 8th. They set a “neutral” rating and a $256.00 price target for the company. Barclays reduced their price target on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company reduced their price target on shares of Rockwell Automation from $312.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Citigroup reduced their price target on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Robert W. Baird dropped their price objective on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average target price of $300.71.

Insider Activity at Rockwell Automation

In related news, SVP Tessa M. Myers sold 248 shares of Rockwell Automation stock in a transaction on Friday, June 7th. The shares were sold at an average price of $256.37, for a total value of $63,579.76. Following the sale, the senior vice president now owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Rockwell Automation news, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $256.37, for a total value of $63,579.76. Following the transaction, the senior vice president now owns 4,246 shares in the company, valued at approximately $1,088,547.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tessa M. Myers sold 528 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the transaction, the senior vice president now owns 3,718 shares in the company, valued at approximately $943,554.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,199 shares of company stock valued at $572,750. 0.68% of the stock is owned by company insiders.

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.