Rockwell Automation, Inc. (NYSE:ROK) Issues Quarterly Earnings Results

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%.

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ROK has been the subject of a number of recent research reports. ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Monday, October 2nd. Morgan Stanley reissued an “equal weight” rating and set a $173.00 price objective (up previously from $168.00) on shares of Rockwell Automation in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. Finally, Cowen Inc reaffirmed a “hold” rating and issued a $140.00 target price on shares of Rockwell Automation in a report on Sunday, September 17th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $165.00.

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.

Earnings History for Rockwell Automation (NYSE:ROK)

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