Rockwell Automation (NYSE:ROK) Earning Somewhat Positive Press Coverage, Analysis Shows
Media stories about Rockwell Automation (NYSE:ROK) have trended somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rockwell Automation earned a news impact score of 0.19 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.274554025028 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Norges Bank Bought A Lot More Rockwell Automation, Inc. (ROK) Stock Last Quarter – Modern Readers (modernreaders.com)
- Rockwell Automation, Inc. (ROK) Ex-Dividend Date Scheduled for August 10, 2017 – Nasdaq (nasdaq.com)
- Rockwell Automation, Inc. (NYSE:ROK) SVP Frank C. Kulaszewicz Sells 8,000 Shares (americanbankingnews.com)
- Rockwell Automation, Inc. (ROK) Upgraded at JP Morgan Chase & Co (campdesrecrues.com)
- Webinar Replay: Investing in Robotics & AI (finance.yahoo.com)
Shares of Rockwell Automation (NYSE:ROK) traded down 1.62% during mid-day trading on Thursday, reaching $162.21. 662,079 shares of the company traded hands. The company has a market capitalization of $20.82 billion, a P/E ratio of 26.16 and a beta of 1.17. Rockwell Automation has a 52 week low of $111.52 and a 52 week high of $167.97. The stock’s 50-day moving average is $163.93 and its 200-day moving average is $157.12.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 earnings per share. On average, equities analysts predict that Rockwell Automation will post $6.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s payout ratio is currently 49.03%.
ROK has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Barclays PLC set a $176.00 price target on shares of Rockwell Automation and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Morgan Stanley upped their price target 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. Finally, Gabelli upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $152.33.
In other news, VP Steven W. Etzel sold 3,000 shares of the business’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 value of $475,620.00. Following the completion of the transaction, the vice president now owns 9,465 shares of the company’s stock, valued at $1,500,581.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Keith D. Nosbusch sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $159.00, for a total transaction of $3,180,000.00. Following the completion of the transaction, the director now directly owns 421,286 shares of the company’s stock, valued at approximately $66,984,474. The disclosure for this sale can be found here. In the last three months, insiders sold 115,257 shares of company stock valued at $18,686,369. Company insiders own 1.65% 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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