Rockwell Automation, Inc. (NYSE:ROK) announced its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03), Bloomberg Earnings reports. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the business earned $1.52 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Rockwell Automation updated its FY18 guidance to $7.20-7.50 EPS.
Rockwell Automation (NYSE ROK) opened at $191.02 on Friday. Rockwell Automation has a one year low of $129.66 and a one year high of $210.72. The company has a quick ratio of 1.80, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The firm has a market cap of $24,546.63, a PE ratio of 28.30, a P/E/G ratio of 2.14 and a beta of 1.24.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.835 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, November 10th. This represents a $3.34 annualized dividend and a yield of 1.75%. Rockwell Automation’s payout ratio is presently 52.68%.
COPYRIGHT VIOLATION WARNING: “Rockwell Automation, Inc. (NYSE:ROK) Issues Quarterly Earnings Results” was originally reported by BBNS and is the sole property of of BBNS. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://baseballnewssource.com/markets/rockwell-automation-inc-rok-issues-earnings-results/1759937.html.
In other Rockwell Automation news, insider Blake D. Moret sold 5,677 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total value of $965,657.70. Following the completion of the transaction, the insider now owns 21,426 shares in the company, valued at approximately $3,644,562.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the completion of the transaction, the insider now owns 22,849 shares of the company’s stock, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. Corporate insiders own 1.65% of the company’s stock.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with our FREE daily email newsletter.