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.
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.
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