Wall Street analysts expect Rockwell Automation, Inc. (NYSE:ROK) to announce $2.16 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Rockwell Automation’s earnings, with estimates ranging from $1.92 to $2.28. Rockwell Automation reported earnings per share of $2.43 in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.1%. The company is scheduled to announce its next quarterly earnings report on Tuesday, April 27th.
On average, analysts expect that Rockwell Automation will report full year earnings of $8.93 per share for the current year, with EPS estimates ranging from $8.80 to $9.06. For the next fiscal year, analysts anticipate that the firm will report earnings of $9.52 per share, with EPS estimates ranging from $8.90 to $10.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Rockwell Automation.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, January 25th. The industrial products company reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.49. Rockwell Automation had a net margin of 16.17% and a return on equity of 81.39%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company earned $2.11 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis.
ROK stock traded up $0.30 during midday trading on Thursday, reaching $261.57. 3,286 shares of the company’s stock traded hands, compared to its average volume of 728,728. Rockwell Automation has a 52-week low of $154.80 and a 52-week high of $275.43. The stock has a market cap of $30.38 billion, a P/E ratio of 29.80, a PEG ratio of 3.26 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 1.47. The stock’s 50-day moving average is $257.43 and its 200 day moving average is $248.33.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Tuesday, February 16th were given a dividend of $1.07 per share. The ex-dividend date was Friday, February 12th. This represents a $4.28 annualized dividend and a yield of 1.64%. Rockwell Automation’s dividend payout ratio (DPR) is currently 55.73%.
In other news, SVP Sujeet Chand sold 1,300 shares of the firm’s stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $248.06, for a total value of $322,478.00. Following the completion of the sale, the senior vice president now owns 30,383 shares in the company, valued at approximately $7,536,806.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 3,900 shares of the firm’s stock in a transaction dated Friday, January 29th. The stock was sold at an average price of $255.06, for a total transaction of $994,734.00. Following the completion of the sale, the senior vice president now owns 23,917 shares of the company’s stock, valued at approximately $6,100,270.02. The disclosure for this sale can be found here. Insiders have sold 22,200 shares of company stock valued at $5,873,278 in the last quarter. 0.79% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. IronBridge Private Wealth LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $27,000. BDO Wealth Advisors LLC lifted its holdings in shares of Rockwell Automation by 177.8% in the 4th quarter. BDO Wealth Advisors LLC now owns 125 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 80 shares during the last quarter. RMR Wealth Builders bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $43,000. Hexavest Inc. increased its stake in Rockwell Automation by 45.4% in the 4th quarter. Hexavest Inc. now owns 173 shares of the industrial products company’s stock worth $43,000 after buying an additional 54 shares during the period. Finally, Graves Light Private Wealth Management Inc. purchased a new position in Rockwell Automation in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 76.21% of the company’s stock.
About Rockwell Automation
Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.
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