Equities analysts expect that Rockwell Automation (NYSE:ROK) will announce $1.72 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Rockwell Automation’s earnings, with the highest sales estimate coming in at $1.74 billion and the lowest estimate coming in at $1.69 billion. Rockwell Automation posted sales of $1.65 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 24th.
According to Zacks, analysts expect that Rockwell Automation will report full-year sales of $6.93 billion for the current fiscal year, with estimates ranging from $6.87 billion to $7.00 billion. For the next fiscal year, analysts anticipate that the business will report sales of $7.19 billion, with estimates ranging from $6.94 billion to $7.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Rockwell Automation.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.22. Rockwell Automation had a return on equity of 66.47% and a net margin of 12.68%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis.
In related news, SVP Frank C. Kulaszewicz sold 9,231 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $177.70, for a total value of $1,640,348.70. Following the transaction, the senior vice president now directly owns 34,893 shares of the company’s stock, valued at approximately $6,200,486.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Elik I. Fooks sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total value of $906,780.00. Following the completion of the transaction, the insider now directly owns 15,597 shares in the company, valued at $2,773,146.60. The disclosure for this sale can be found here. 1.43% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA lifted its holdings in Rockwell Automation by 2.7% in the 1st quarter. Private Trust Co. NA now owns 5,206 shares of the industrial products company’s stock worth $913,000 after purchasing an additional 137 shares in the last quarter. Park National Corp OH purchased a new position in Rockwell Automation in the 1st quarter worth approximately $206,000. Deutsche Bank AG increased its stake in Rockwell Automation by 19.4% in the 4th quarter. Deutsche Bank AG now owns 434,901 shares of the industrial products company’s stock worth $65,439,000 after acquiring an additional 70,552 shares during the last quarter. Machina Capital S.A.S. bought a new stake in Rockwell Automation in the 4th quarter worth approximately $466,000. Finally, American Century Companies Inc. bought a new stake in Rockwell Automation in the 4th quarter worth approximately $12,794,000. 75.38% of the stock is currently owned by institutional investors.
NYSE ROK traded up $0.53 during trading hours on Monday, hitting $183.86. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 703,954. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $198.23. The company has a market capitalization of $21.77 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 2.34 and a beta of 1.35. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.93 and a current ratio of 1.21.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Tuesday, February 19th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, February 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.11%. Rockwell Automation’s payout ratio is currently 47.84%.
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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