Zacks Research Issues Positive Estimate for ROK Earnings

Rockwell Automation, Inc. (NYSE:ROK) – Stock analysts at Zacks Research upped their Q3 2028 EPS estimates for shares of Rockwell Automation in a research note issued to investors on Tuesday, June 23rd. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $4.02 for the quarter, up from their prior forecast of $3.99. The consensus estimate for Rockwell Automation’s current full-year earnings is $13.05 per share.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $2.45 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS.

Several other analysts have also commented on ROK. Argus lifted their price objective on Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. DA Davidson began coverage on Rockwell Automation in a research note on Tuesday, June 16th. They set a “neutral” rating and a $500.00 price target for the company. Rothschild & Co Redburn upped their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. Finally, HSBC boosted their target price on shares of Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Rockwell Automation has a consensus rating of “Hold” and an average target price of $462.82.

Rockwell Automation Price Performance

NYSE ROK opened at $483.66 on Thursday. The business’s fifty day moving average price is $449.70 and its 200-day moving average price is $413.85. The stock has a market capitalization of $53.82 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 3.16 and a beta of 1.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. Rockwell Automation has a 1-year low of $305.44 and a 1-year high of $497.36.

Institutional Investors Weigh In On Rockwell Automation

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $281,000. AQR Capital Management LLC boosted its position in Rockwell Automation by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock valued at $2,059,000 after buying an additional 3,513 shares during the period. Empowered Funds LLC boosted its holdings in shares of Rockwell Automation by 142.7% in the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock valued at $1,887,000 after purchasing an additional 4,295 shares during the period. Acadian Asset Management LLC grew its position in shares of Rockwell Automation by 233.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock worth $484,000 after buying an additional 1,315 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Rockwell Automation during the 2nd quarter worth about $868,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In related news, VP Terry L. Riesterer sold 4,024 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $451.97, for a total value of $1,818,727.28. Following the transaction, the vice president directly owned 134 shares of the company’s stock, valued at approximately $60,563.98. The trade was a 96.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christopher Nardecchia sold 2,538 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $446.43, for a total transaction of $1,133,039.34. Following the completion of the transaction, the senior vice president directly owned 14,232 shares in the company, valued at $6,353,591.76. This trade represents a 15.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,009 shares of company stock worth $5,232,471 in the last three months. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio is presently 57.38%.

Rockwell Automation declared that its Board of Directors has approved a share repurchase program on Tuesday, June 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Rockwell Automation Company Profile

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.