Rockwell Automation, Inc. (NYSE:ROK) – Equities research analysts at Gabelli increased their FY2018 earnings per share (EPS) estimates for shares of Rockwell Automation in a report issued on Thursday. Gabelli analyst J. Bergner now anticipates that the industrial products company will earn $7.35 per share for the year, up from their previous forecast of $7.20. Gabelli also issued estimates for Rockwell Automation’s FY2021 earnings at $9.10 EPS.
Several other brokerages have also recently commented on ROK. HSBC Holdings plc cut Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Thursday. Citigroup Inc. raised their target price on Rockwell Automation from $187.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $183.00 target price on shares of Rockwell Automation in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Rockwell Automation has an average rating of “Hold” and a consensus target price of $165.00.
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Rockwell Automation (ROK) opened at $192.61 on Friday. The company has a market capitalization of $24,723.23, a price-to-earnings ratio of 28.53, a P/E/G ratio of 2.29 and a beta of 1.24. Rockwell Automation has a 12-month low of $129.28 and a 12-month high of $210.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.46 and a quick ratio of 1.76.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.52 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Automation’s payout ratio is currently 47.95%.
In related news, insider Blake D. Moret sold 1,723 shares of Rockwell Automation stock in a transaction dated 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 sale, the insider now directly owns 22,849 shares in the company, valued at $3,885,700.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David M. Dorgan sold 3,000 shares of Rockwell Automation stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the vice president now owns 9,355 shares of the company’s stock, valued at $1,544,042.75. The disclosure for this sale can be found here. Insiders sold 10,400 shares of company stock valued at $1,753,821 over the last ninety days. 1.65% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of ROK. Capital One National Association grew its position in shares of Rockwell Automation by 14.9% during the 2nd quarter. Capital One National Association now owns 3,314 shares of the industrial products company’s stock worth $537,000 after buying an additional 430 shares during the period. Bank of Montreal Can grew its position in shares of Rockwell Automation by 10.4% during the 2nd quarter. Bank of Montreal Can now owns 216,113 shares of the industrial products company’s stock worth $35,002,000 after buying an additional 20,406 shares during the period. NN Investment Partners Holdings N.V. grew its position in shares of Rockwell Automation by 132.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 5,452 shares of the industrial products company’s stock worth $883,000 after buying an additional 3,103 shares during the period. Acropolis Investment Management LLC grew its position in shares of Rockwell Automation by 4.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 8,670 shares of the industrial products company’s stock worth $1,404,000 after buying an additional 370 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Rockwell Automation by 36.2% during the 2nd quarter. Fisher Asset Management LLC now owns 112,110 shares of the industrial products company’s stock worth $18,157,000 after buying an additional 29,809 shares during the period. Institutional investors own 73.79% of the company’s stock.
About Rockwell Automation
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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