Rockwell Automation, Inc. Expected to Earn FY2018 Earnings of $7.40 Per Share (ROK)
Rockwell Automation, Inc. (NYSE:ROK) – Stock analysts at Gabelli lifted their FY2018 earnings per share (EPS) estimates for shares of Rockwell Automation in a report issued on Monday. Gabelli analyst J. Bergner now forecasts that the industrial products company will earn $7.40 per share for the year, up from their prior forecast of $7.35. Gabelli also issued estimates for Rockwell Automation’s FY2019 earnings at $8.00 EPS, FY2020 earnings at $8.70 EPS and FY2021 earnings at $9.40 EPS.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Cowen and Company restated a “hold” rating and set a $140.00 price target on shares of Rockwell Automation in a report on Sunday, September 17th. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Credit Suisse Group restated a “neutral” rating and set a $174.00 price target (up previously from $154.00) on shares of Rockwell Automation in a report on Wednesday, October 11th. Finally, downgraded Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $165.00.
Shares of Rockwell Automation (NYSE:ROK) traded down $2.00 during trading hours on Wednesday, reaching $191.02. The company had a trading volume of 1,102,100 shares, compared to its average volume of 871,050. Rockwell Automation has a 52 week low of $129.66 and a 52 week high of $210.72. The stock has a market cap of $24,290.00, a P/E ratio of 28.60, a PEG ratio of 2.21 and a beta of 1.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.835 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, November 10th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.75%. Rockwell Automation’s dividend payout ratio is 52.52%.
In other Rockwell Automation news, insider Blake D. Moret sold 5,677 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total transaction of $965,657.70. Following the transaction, the insider now owns 21,426 shares in the company, valued at approximately $3,644,562.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $170.06, for a total value of $293,013.38. Following the transaction, the insider now owns 22,849 shares in the company, valued at approximately $3,885,700.94. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of ROK. Acrospire Investment Management LLC boosted its position in shares of Rockwell Automation by 166.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 499 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $131,000. Rockefeller Financial Services Inc. bought a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $143,000. Sun Life Financial INC boosted its position in shares of Rockwell Automation by 8,490.9% in the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 934 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $186,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.
Rockwell Automation Company Profile
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.
Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.