Rockwell Automation (ROK) Earning Somewhat Positive Media Coverage, Report Shows
Media stories about Rockwell Automation (NYSE:ROK) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring 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 nearest to one being the most favorable. Rockwell Automation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 47.678474738304 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Rockwell Automation Announces Quarterly Dividend of $0.84 (ROK) (americanbankingnews.com)
- Insider Selling: Rockwell Automation (ROK) SVP Sells 43,100 Shares of Stock (americanbankingnews.com)
- New Research: Key Drivers of Growth for Rockwell Automation, Voya Financial, EPR Properties, Hudson Pacific Properties, AbbVie, and Ventas — Factors of Influence, Major Initiatives and Sustained Production (finance.yahoo.com)
- Rockwell Automation Enters Oversold Territory (ROK) – Nasdaq (nasdaq.com)
- $1.65 Billion in Sales Expected for Rockwell Automation (ROK) This Quarter (americanbankingnews.com)
Several equities analysts have recently issued reports on ROK shares. Credit Suisse Group reiterated a “neutral” rating and issued a $174.00 price target (up previously from $154.00) on shares of Rockwell Automation in a research note on Wednesday, October 11th. Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. JPMorgan Chase & Co. assumed coverage on Rockwell Automation in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. Citigroup reduced their price objective 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. Finally, Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a research report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and an average price target of $183.15.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.22. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the company posted $1.75 EPS. The business’s revenue was up 6.5% on a year-over-year basis. equities research analysts expect that Rockwell Automation will post 7.79 earnings per share for the current fiscal year.
Rockwell Automation announced that its board has approved a share repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.77%. Rockwell Automation’s dividend payout ratio (DPR) is presently 117.19%.
In other Rockwell Automation news, insider Theodore D. Crandall sold 10,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $202.94, for a total value of $2,029,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Frank C. Kulaszewicz sold 43,100 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 35,338 shares in the company, valued at approximately $6,278,855.84. The disclosure for this sale can be found here. Insiders sold a total of 113,966 shares of company stock worth $21,834,799 in the last quarter. Corporate insiders own 1.28% 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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