Analysts predict that Rockwell Automation, Inc. (NYSE:ROK) will post $1.57 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Rockwell Automation’s earnings, with estimates ranging from $1.56 billion to $1.60 billion. Rockwell Automation posted sales of $1.47 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The firm is expected to report its next quarterly earnings report on Wednesday, July 26th.
On average, analysts expect that Rockwell Automation will report full year sales of $1.57 billion for the current financial year, with estimates ranging from $6.21 billion to $6.30 billion. For the next financial year, analysts anticipate that the business will report sales of $6.62 billion per share, with estimates ranging from $6.49 billion to $6.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Rockwell Automation.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, April 26th. The industrial products company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.40 by $0.15. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. Rockwell Automation’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 EPS.
ROK has been the subject of a number of research reports. Gabelli upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Barclays PLC increased their target price on shares of Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Morgan Stanley increased their target price on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Credit Suisse Group reiterated a “hold” rating and set a $155.00 target price on shares of Rockwell Automation in a research report on Thursday, April 27th. Finally, Stifel Nicolaus increased their target price on shares of Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $141.50.
In related news, Director Betty C. Alewine sold 7,173 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $158.52, for a total value of $1,137,063.96. Following the sale, the director now directly owns 20,584 shares of the company’s stock, valued at $3,262,975.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven W. Etzel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $158.54, for a total transaction of $475,620.00. Following the completion of the sale, the vice president now directly owns 9,465 shares in the company, valued at $1,500,581.10. The disclosure for this sale can be found here. Insiders sold 129,605 shares of company stock worth $20,469,855 over the last ninety days. 1.65% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ROK. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Rockwell Automation by 18.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,644 shares of the industrial products company’s stock valued at $2,099,000 after buying an additional 2,386 shares in the last quarter. First Allied Advisory Services Inc. purchased a new position in shares of Rockwell Automation during the fourth quarter valued at about $221,000. Janus Capital Management LLC boosted its position in shares of Rockwell Automation by 30.6% in the fourth quarter. Janus Capital Management LLC now owns 379,994 shares of the industrial products company’s stock valued at $51,071,000 after buying an additional 88,938 shares in the last quarter. FMR LLC boosted its position in shares of Rockwell Automation by 334.6% in the fourth quarter. FMR LLC now owns 403,863 shares of the industrial products company’s stock valued at $54,279,000 after buying an additional 310,928 shares in the last quarter. Finally, Sandler Capital Management purchased a new position in shares of Rockwell Automation during the fourth quarter valued at about $6,707,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rockwell Automation (NYSE ROK) traded up 1.03% during mid-day trading on Thursday, hitting $162.19. 1,330,999 shares of the company traded hands. The stock has a market capitalization of $20.90 billion, a price-to-earnings ratio of 27.07 and a beta of 1.08. Rockwell Automation has a one year low of $107.17 and a one year high of $165.39. The firm has a 50-day moving average of $158.77 and a 200-day moving average of $150.77.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is currently 50.75%.
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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.
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