Rockwell Automation (ROK) Set to Announce Earnings on Thursday

Rockwell Automation (NYSE:ROK – Get Rating) will be posting its quarterly earnings results before the market opens on Thursday, January 26th. Analysts expect Rockwell Automation to post earnings of $1.81 per share for the quarter. Rockwell Automation has set its FY23 guidance at $10.20-11.00 EPS and its FY 2023 guidance at $10.20-$11.00 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Rockwell Automation (NYSE:ROK – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The industrial products company reported $3.04 EPS for the quarter, beating the consensus estimate of $2.94 by $0.10. Rockwell Automation had a net margin of 12.01% and a return on equity of 38.84%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the business earned $2.33 earnings per share. Rockwell Automation’s revenue was up 17.6% compared to the same quarter last year. On average, analysts expect Rockwell Automation to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Rockwell Automation Stock Performance

Shares of NYSE:ROK traded up $2.36 during trading hours on Tuesday, hitting $277.98. The stock had a trading volume of 687,995 shares, compared to its average volume of 702,511. The stock’s fifty day simple moving average is $264.56 and its 200 day simple moving average is $247.33. Rockwell Automation has a 1-year low of $190.08 and a 1-year high of $306.92. The firm has a market capitalization of $31.92 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 3.14 and a beta of 1.44. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.72 and a current ratio of 1.01.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 14th were issued a $1.18 dividend. The ex-dividend date of this dividend was Thursday, November 10th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.12. This represents a $4.72 annualized dividend and a dividend yield of 1.70%. Rockwell Automation’s dividend payout ratio (DPR) is 59.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ROK. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rockwell Automation from $231.00 to $239.00 and gave the company a “hold” rating in a report on Thursday, October 13th. Morgan Stanley increased their price objective on shares of Rockwell Automation from $269.00 to $284.00 and gave the company an “overweight” rating in a report on Friday, January 6th. Bank of America cut shares of Rockwell Automation from a “buy” rating to a “neutral” rating in a report on Monday, December 12th. The Goldman Sachs Group increased their price objective on shares of Rockwell Automation from $211.00 to $238.00 and gave the company a “sell” rating in a report on Thursday, December 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Rockwell Automation from $180.00 to $195.00 and gave the company an “underweight” rating in a report on Friday, November 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $245.63.

Insider Buying and Selling

In related news, VP John M. Miller sold 190 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $256.63, for a total value of $48,759.70. Following the completion of the transaction, the vice president now owns 4,761 shares of the company’s stock, valued at approximately $1,221,815.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Rockwell Automation news, VP John M. Miller sold 190 shares of the stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $256.63, for a total value of $48,759.70. Following the completion of the sale, the vice president now owns 4,761 shares in the company, valued at approximately $1,221,815.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Frank C. Kulaszewicz sold 291 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $264.40, for a total transaction of $76,940.40. Following the completion of the sale, the senior vice president now owns 14,885 shares of the company’s stock, valued at approximately $3,935,594. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,304 shares of company stock valued at $3,410,562. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Rockwell Automation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROK. Neo Ivy Capital Management bought a new position in shares of Rockwell Automation during the 2nd quarter valued at $29,000. Covestor Ltd raised its holdings in shares of Rockwell Automation by 113.1% during the 1st quarter. Covestor Ltd now owns 211 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 112 shares in the last quarter. High Net Worth Advisory Group LLC raised its holdings in shares of Rockwell Automation by 77.0% during the 1st quarter. High Net Worth Advisory Group LLC now owns 377 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 164 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Rockwell Automation by 666.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 636 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 553 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Rockwell Automation during the 2nd quarter valued at $210,000. Hedge funds and other institutional investors own 77.66% of the company’s stock.

About Rockwell Automation

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.