Rockwell Automation (ROK) Set to Announce Earnings on Tuesday

Rockwell Automation (NYSE:ROKGet Rating) is scheduled to release its earnings data before the market opens on Tuesday, May 3rd. Analysts expect Rockwell Automation to post earnings of $2.27 per share for the quarter. Rockwell Automation has set its FY22 guidance at $10.50-11.10 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Rockwell Automation (NYSE:ROKGet Rating) last announced its quarterly earnings results on Thursday, January 27th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.14. Rockwell Automation had a net margin of 13.81% and a return on equity of 42.24%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, analysts expect Rockwell Automation to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

ROK opened at $261.31 on Tuesday. The firm’s 50-day simple moving average is $269.44 and its 200-day simple moving average is $305.17. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.78 and a current ratio of 1.07. Rockwell Automation has a twelve month low of $250.65 and a twelve month high of $354.99. The firm has a market cap of $30.36 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 2.80 and a beta of 1.44.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Monday, May 16th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, May 13th. Rockwell Automation’s payout ratio is 52.21%.

In other news, VP Brian A. Shepherd sold 621 shares of the firm’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $294.22, for a total value of $182,710.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its stake in Rockwell Automation by 15.5% during the 4th quarter. Deutsche Bank AG now owns 318,452 shares of the industrial products company’s stock worth $111,091,000 after acquiring an additional 42,780 shares during the last quarter. California State Teachers Retirement System boosted its stake in Rockwell Automation by 1.2% during the 4th quarter. California State Teachers Retirement System now owns 204,968 shares of the industrial products company’s stock worth $71,503,000 after acquiring an additional 2,359 shares during the last quarter. Sei Investments Co. boosted its stake in Rockwell Automation by 2.2% during the 4th quarter. Sei Investments Co. now owns 52,094 shares of the industrial products company’s stock worth $18,160,000 after acquiring an additional 1,133 shares during the last quarter. Allstate Corp boosted its stake in Rockwell Automation by 238.7% during the 4th quarter. Allstate Corp now owns 10,140 shares of the industrial products company’s stock worth $3,537,000 after acquiring an additional 7,146 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Rockwell Automation by 23.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 6,272 shares of the industrial products company’s stock worth $2,188,000 after acquiring an additional 1,188 shares during the last quarter. 75.96% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the stock. Citigroup lowered their target price on shares of Rockwell Automation from $400.00 to $381.00 in a report on Friday, January 28th. The Goldman Sachs Group lowered their target price on shares of Rockwell Automation from $294.00 to $252.00 and set a “sell” rating on the stock in a report on Thursday, April 7th. Credit Suisse Group lowered their target price on shares of Rockwell Automation from $343.00 to $318.00 and set a “neutral” rating on the stock in a report on Friday, January 28th. Morgan Stanley lowered their target price on shares of Rockwell Automation from $395.00 to $360.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Finally, StockNews.com started coverage on shares of Rockwell Automation in a report on Thursday, March 31st. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $316.06.

About Rockwell Automation (Get Rating)

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

See Also

Earnings History for Rockwell Automation (NYSE:ROK)

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