Rockwell Automation (NYSE:ROK) is set to release its earnings data before the market opens on Wednesday, November 7th. Analysts expect Rockwell Automation to post earnings of $2.03 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
ROK stock opened at $173.03 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 1.60 and a debt-to-equity ratio of 0.85. The company has a market cap of $21.24 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 1.65 and a beta of 1.28. Rockwell Automation has a 1-year low of $153.67 and a 1-year high of $209.38.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 12th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.92. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.24%. Rockwell Automation’s payout ratio is presently 54.44%.
Rockwell Automation declared that its board has authorized a share repurchase program on Thursday, September 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
A number of research firms recently weighed in on ROK. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $202.00 target price on the stock in a report on Friday, August 3rd. ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Goldman Sachs Group lowered Rockwell Automation from a “neutral” rating to a “sell” rating and set a $156.00 price objective on the stock. in a report on Monday, July 16th. Barclays reaffirmed a “hold” rating and issued a $176.00 price objective on shares of Rockwell Automation in a report on Thursday, July 26th. Finally, Cowen lowered Rockwell Automation from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $175.00 to $150.00 in a report on Monday, October 15th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $181.54.
In other news, VP Susan Schmitt sold 4,500 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $175.02, for a total transaction of $787,590.00. Following the sale, the vice president now directly owns 15,967 shares of the company’s stock, valued at approximately $2,794,544.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.28% of the company’s stock.
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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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