Brokerages Anticipate Rockwell Automation (ROK) to Announce $2.02 Earnings Per Share

Equities analysts forecast that Rockwell Automation (NYSE:ROK) will post earnings of $2.02 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Rockwell Automation’s earnings. The highest EPS estimate is $2.05 and the lowest is $1.98. Rockwell Automation posted earnings of $1.69 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.5%. The company is scheduled to report its next earnings report on Wednesday, November 14th.

On average, analysts expect that Rockwell Automation will report full year earnings of $7.99 per share for the current year, with EPS estimates ranging from $7.90 to $8.07. For the next fiscal year, analysts forecast that the business will post earnings of $8.96 per share, with EPS estimates ranging from $8.63 to $9.27. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Rockwell Automation.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.04 by $0.12. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. Rockwell Automation had a net margin of 5.97% and a return on equity of 48.24%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 EPS.

Several analysts have recently commented on the stock. TheStreet raised shares of Rockwell Automation from a “c+” rating to a “b” rating in a report on Wednesday, April 25th. Wolfe Research assumed coverage on shares of Rockwell Automation in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. Morgan Stanley upped their price objective on shares of Rockwell Automation from $187.00 to $192.00 and gave the company an “equal weight” rating in a report on Friday. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $202.00 price objective on the stock in a report on Thursday, May 17th. Finally, ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Monday, May 14th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $185.92.

In related news, SVP Sujeet Chand sold 4,900 shares of the stock in a transaction on Friday, May 18th. The shares were sold at an average price of $182.46, for a total transaction of $894,054.00. Following the sale, the senior vice president now directly owns 49,327 shares of the company’s stock, valued at $9,000,204.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.65% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its holdings in Rockwell Automation by 8.8% during the second quarter. Advisory Services Network LLC now owns 3,502 shares of the industrial products company’s stock worth $645,000 after buying an additional 284 shares in the last quarter. Piedmont Investment Advisors LLC boosted its holdings in Rockwell Automation by 20.3% during the second quarter. Piedmont Investment Advisors LLC now owns 5,534 shares of the industrial products company’s stock worth $920,000 after buying an additional 934 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Rockwell Automation by 262.2% during the second quarter. AdvisorNet Financial Inc now owns 670 shares of the industrial products company’s stock worth $111,000 after buying an additional 485 shares in the last quarter. Heathbridge Capital Management Ltd. boosted its holdings in Rockwell Automation by 1.1% during the second quarter. Heathbridge Capital Management Ltd. now owns 116,965 shares of the industrial products company’s stock worth $19,443,000 after buying an additional 1,265 shares in the last quarter. Finally, Everence Capital Management Inc. boosted its holdings in Rockwell Automation by 40.3% during the second quarter. Everence Capital Management Inc. now owns 10,580 shares of the industrial products company’s stock worth $1,759,000 after buying an additional 3,040 shares in the last quarter. 72.91% of the stock is currently owned by hedge funds and other institutional investors.

ROK stock opened at $184.06 on Wednesday. The firm has a market capitalization of $23.04 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. The company has a current ratio of 4.99, a quick ratio of 1.79 and a debt-to-equity ratio of 0.85. Rockwell Automation has a 12 month low of $155.81 and a 12 month high of $210.72.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Monday, August 13th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 54.44%.

About Rockwell Automation

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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