Equities research analysts predict that Rockwell Automation (NYSE:ROK) will announce $1.74 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Rockwell Automation’s earnings, with the lowest sales estimate coming in at $1.73 billion and the highest estimate coming in at $1.77 billion. Rockwell Automation reported sales of $1.70 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The firm is expected to report its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Rockwell Automation will report full year sales of $6.82 billion for the current financial year, with estimates ranging from $6.79 billion to $6.86 billion. For the next financial year, analysts expect that the company will post sales of $7.09 billion, with estimates ranging from $6.99 billion to $7.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover 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 (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business posted $1.89 earnings per share. Rockwell Automation’s revenue for the quarter was up .4% on a year-over-year basis.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Wells Fargo & Co reiterated a “buy” rating on shares of Rockwell Automation in a report on Wednesday, April 10th. Credit Suisse Group boosted their price objective on shares of Rockwell Automation from $158.00 to $166.00 and gave the stock an “underperform” rating in a report on Wednesday, January 30th. Citigroup boosted their price objective on shares of Rockwell Automation to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, January 30th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $195.00 price objective on shares of Rockwell Automation in a report on Wednesday, January 30th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and an average target price of $174.71.

A number of hedge funds and other institutional investors have recently made changes to their positions in ROK. BlackRock Inc. grew its position in Rockwell Automation by 8.0% in the 1st quarter. BlackRock Inc. now owns 10,676,789 shares of the industrial products company’s stock worth $1,873,349,000 after purchasing an additional 794,460 shares during the period. Oregon Public Employees Retirement Fund grew its position in Rockwell Automation by 15,107.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,142,955 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 5,109,136 shares during the period. Lazard Asset Management LLC grew its position in Rockwell Automation by 2.9% in the 1st quarter. Lazard Asset Management LLC now owns 3,626,458 shares of the industrial products company’s stock worth $636,297,000 after purchasing an additional 103,527 shares during the period. Alecta Pensionsforsakring Omsesidigt grew its position in Rockwell Automation by 11.0% in the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,028,265 shares of the industrial products company’s stock worth $531,309,000 after purchasing an additional 300,000 shares during the period. Finally, Geode Capital Management LLC grew its position in Rockwell Automation by 9.0% in the 1st quarter. Geode Capital Management LLC now owns 1,855,439 shares of the industrial products company’s stock worth $325,311,000 after purchasing an additional 153,386 shares during the period. Institutional investors own 77.19% of the company’s stock.

Shares of ROK stock traded down $0.36 during trading hours on Friday, hitting $154.78. 707,442 shares of the company’s stock traded hands, compared to its average volume of 884,802. Rockwell Automation has a 12-month low of $141.46 and a 12-month high of $198.23. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.21 and a beta of 1.34. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.23 and a current ratio of 1.59.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $0.97 dividend. The ex-dividend date is Friday, May 10th. This represents a $3.88 dividend on an annualized basis and a yield of 2.51%. Rockwell Automation’s payout ratio is currently 47.84%.

Rockwell Automation Company Profile

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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Earnings History and Estimates for Rockwell Automation (NYSE:ROK)

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