Oppenheimer Holdings Comments on Rockwell Automation, Inc.’s Q1 2018 Earnings (ROK)

Rockwell Automation, Inc. (NYSE:ROK) – Equities research analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share (EPS) estimates for shares of Rockwell Automation in a research report issued on Thursday. Oppenheimer Holdings analyst N. Kaye forecasts that the industrial products company will post earnings of $1.75 per share for the quarter. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Rockwell Automation’s Q2 2018 earnings at $1.79 EPS, Q3 2018 earnings at $1.89 EPS, Q4 2018 earnings at $1.92 EPS, FY2018 earnings at $7.36 EPS and FY2019 earnings at $8.20 EPS.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS.

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A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday. Citigroup Inc. raised their price target on Rockwell Automation from $187.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday. HSBC Holdings plc lowered Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. Stifel Nicolaus reissued a “hold” rating and set a $183.00 price target on shares of Rockwell Automation in a report on Thursday, October 12th. Finally, Credit Suisse Group reissued 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. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $165.00.

Rockwell Automation (NYSE:ROK) opened at $192.61 on Friday. The company has a current ratio of 3.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. Rockwell Automation has a twelve month low of $129.28 and a twelve month high of $210.72. The stock has a market capitalization of $24,723.23, a PE ratio of 28.53, a price-to-earnings-growth ratio of 2.29 and a beta of 1.24.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a $0.835 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.34 dividend on an annualized basis and a yield of 1.73%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.95%.

In other news, insider Blake D. Moret sold 5,677 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total transaction of $965,657.70. Following the completion of the sale, the insider now directly owns 21,426 shares in the company, valued at approximately $3,644,562.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Blake D. Moret sold 1,723 shares of Rockwell Automation stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $170.06, for a total transaction of $293,013.38. Following the sale, the insider now owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,400 shares of company stock valued at $1,753,821. 1.65% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Rockwell Automation by 12.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after acquiring an additional 171,598 shares during the period. Zeke Capital Advisors LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter valued at approximately $343,000. Amalgamated Bank lifted its position in shares of Rockwell Automation by 2.0% during the 3rd quarter. Amalgamated Bank now owns 15,472 shares of the industrial products company’s stock valued at $2,757,000 after acquiring an additional 300 shares during the period. Dai Ichi Life Insurance Company Ltd lifted its position in shares of Rockwell Automation by 0.9% during the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 32,307 shares of the industrial products company’s stock valued at $5,757,000 after acquiring an additional 285 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Rockwell Automation by 9.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,439 shares of the industrial products company’s stock valued at $1,860,000 after acquiring an additional 867 shares during the period. Institutional investors own 73.79% 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.

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

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