Wall Street brokerages predict that Rockwell Automation (NYSE:ROK) will post $2.36 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Rockwell Automation’s earnings, with the lowest EPS estimate coming in at $2.25 and the highest estimate coming in at $2.44. Rockwell Automation posted earnings of $2.16 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.3%. The business is scheduled to issue its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Rockwell Automation will report full-year earnings of $8.96 per share for the current financial year, with EPS estimates ranging from $8.82 to $9.15. For the next year, analysts forecast that the firm will post earnings of $9.65 per share, with EPS estimates ranging from $9.41 to $10.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Rockwell Automation.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, April 25th. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.07). Rockwell Automation had a net margin of 14.43% and a return on equity of 73.82%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the business posted $1.89 earnings per share. Rockwell Automation’s quarterly revenue was up .4% compared to the same quarter last year.

Several equities research analysts have issued reports on ROK shares. BMO Capital Markets cut their price target on Rockwell Automation from $223.00 to $214.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Zacks Investment Research downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Wells Fargo & Co raised their price target on Rockwell Automation from $188.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, January 30th. HSBC raised Rockwell Automation from a “reduce” rating to a “buy” rating and raised their price target for the company from $165.00 to $175.00 in a report on Friday, January 25th. Finally, Morgan Stanley set a $159.00 price target on Rockwell Automation and gave the company a “sell” rating in a report on Friday, April 26th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $174.71.

In other news, insider Elik I. Fooks sold 5,100 shares of Rockwell Automation stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total transaction of $906,780.00. Following the completion of the sale, the insider now owns 15,597 shares of the company’s stock, valued at $2,773,146.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of Rockwell Automation stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $177.70, for a total value of $1,640,348.70. Following the sale, the senior vice president now directly owns 34,893 shares of the company’s stock, valued at approximately $6,200,486.10. The disclosure for this sale can be found here. Insiders have sold a total of 14,384 shares of company stock valued at $2,556,521 in the last ninety days. Insiders own 1.43% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ROK. Oregon Public Employees Retirement Fund lifted its holdings in shares of Rockwell Automation by 15,107.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock worth $34,000 after buying an additional 5,109,136 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Rockwell Automation by 10.2% during the fourth quarter. BlackRock Inc. now owns 9,882,329 shares of the industrial products company’s stock worth $1,487,092,000 after buying an additional 918,161 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Rockwell Automation by 15,978.3% during the fourth quarter. Two Sigma Advisers LP now owns 801,183 shares of the industrial products company’s stock worth $120,562,000 after buying an additional 796,200 shares in the last quarter. Norges Bank acquired a new stake in shares of Rockwell Automation during the fourth quarter worth $113,267,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Rockwell Automation by 79.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 883,829 shares of the industrial products company’s stock worth $155,077,000 after buying an additional 391,625 shares in the last quarter. 76.15% of the stock is owned by institutional investors.

Shares of NYSE:ROK traded down $1.74 during midday trading on Wednesday, hitting $158.58. The stock had a trading volume of 670,293 shares, compared to its average volume of 890,527. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $198.23. The company has a current ratio of 1.59, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $18.98 billion, a PE ratio of 19.55, a P/E/G ratio of 2.20 and a beta of 1.34.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio is 47.84%.

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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