Media coverage about Rockwell Automation (NYSE:ROK) has trended somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rockwell Automation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.1584589296321 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
NYSE:ROK traded up $0.33 during mid-day trading on Monday, reaching $169.29. The stock had a trading volume of 921,772 shares, compared to its average volume of 909,497. The company has a market capitalization of $21,590.38, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 1.90 and a beta of 1.26. Rockwell Automation has a 1-year low of $148.31 and a 1-year high of $210.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.22. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.75 earnings per share. equities research analysts forecast that Rockwell Automation will post 7.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th were paid a $0.835 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $3.34 dividend on an annualized basis and a yield of 1.97%. Rockwell Automation’s payout ratio is currently 49.41%.
Rockwell Automation declared that its Board of Directors has approved a share buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
A number of analysts have recently issued reports on the company. UBS assumed coverage on Rockwell Automation in a research report on Monday, January 22nd. They set a “buy” rating on the stock. JPMorgan Chase lifted their target price on Rockwell Automation from $182.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Citigroup dropped their target price on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Wells Fargo lifted their target price on Rockwell Automation from $190.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, Morgan Stanley lifted their price target on Rockwell Automation from $194.00 to $206.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $189.58.
In other Rockwell Automation news, Director Keith D. Nosbusch sold 10,500 shares of Rockwell Automation stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $203.00, for a total value of $2,131,500.00. Following the completion of the transaction, the director now directly owns 430,199 shares in the company, valued at $87,330,397. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 43,100 shares of Rockwell Automation stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $177.68, for a total value of $7,658,008.00. Following the completion of the transaction, the senior vice president now owns 35,338 shares of the company’s stock, valued at $6,278,855.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,627 shares of company stock valued at $23,604,488. 1.28% of the stock is currently owned by insiders.
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About Rockwell Automation
Rockwell Automation Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.
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