Brokerages Expect Rockwell Automation, Inc. (NYSE:ROK) Will Announce Earnings of $1.71 Per Share
Analysts expect Rockwell Automation, Inc. (NYSE:ROK) to post $1.71 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Rockwell Automation’s earnings, with the highest EPS estimate coming in at $1.76 and the lowest estimate coming in at $1.68. Rockwell Automation posted earnings of $1.52 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The business is scheduled to issue its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that Rockwell Automation will report full year earnings of $6.75 per share for the current year, with EPS estimates ranging from $6.65 to $6.83. For the next fiscal year, analysts expect that the business will post earnings of $7.28 per share, with EPS estimates ranging from $6.95 to $7.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Rockwell Automation.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year.
A number of equities research analysts recently commented on ROK shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 target price on shares of Rockwell Automation in a report on Wednesday, July 19th. BidaskClub cut Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Cowen and Company lifted their price target on Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, July 6th. Morgan Stanley lifted their price target on Rockwell Automation from $153.00 to $167.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $155.00 price target on shares of Rockwell Automation in a research report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Rockwell Automation has a consensus rating of “Hold” and an average price target of $152.33.
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In other Rockwell Automation news, insider Blake D. Moret sold 3,100 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $164.88, for a total transaction of $511,128.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William T. Jr/Wi Mccormick sold 432 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $158.07, for a total value of $68,286.24. Following the transaction, the director now directly owns 9,109 shares in the company, valued at approximately $1,439,859.63. The disclosure for this sale can be found here. Insiders sold 127,257 shares of company stock worth $20,510,449 over the last ninety days. Corporate insiders own 1.65% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Rockwell Automation by 59.1% in the fourth quarter. Teachers Advisors LLC now owns 291,486 shares of the industrial products company’s stock worth $39,176,000 after buying an additional 108,330 shares during the period. Macquarie Group Ltd. raised its position in Rockwell Automation by 97.5% in the fourth quarter. Macquarie Group Ltd. now owns 7,900 shares of the industrial products company’s stock worth $1,062,000 after buying an additional 3,900 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in Rockwell Automation by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 111,007 shares of the industrial products company’s stock worth $17,285,000 after buying an additional 3,858 shares during the period. Manning & Napier Advisors LLC raised its position in Rockwell Automation by 8.0% in the first quarter. Manning & Napier Advisors LLC now owns 21,858 shares of the industrial products company’s stock worth $3,402,000 after buying an additional 1,613 shares during the period. Finally, S&CO Inc. bought a new position in Rockwell Automation during the first quarter worth $216,000. 73.38% of the stock is currently owned by institutional investors.
Shares of Rockwell Automation (ROK) opened at 165.65 on Friday. The company has a 50-day moving average of $163.36 and a 200 day moving average of $156.26. Rockwell Automation has a 12-month low of $111.52 and a 12-month high of $167.97. The stock has a market capitalization of $21.52 billion, a price-to-earnings ratio of 26.71 and a beta of 1.17.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders 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 dividend yield of 1.83%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s dividend payout ratio is presently 49.03%.
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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