Rockwell Automation, Inc. (NYSE:ROK) Expected to Post Quarterly Sales of $2.07 Billion

Wall Street analysts expect Rockwell Automation, Inc. (NYSE:ROKGet Rating) to report $2.07 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Rockwell Automation’s earnings, with the highest sales estimate coming in at $2.17 billion and the lowest estimate coming in at $2.01 billion. Rockwell Automation reported sales of $1.85 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.9%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Rockwell Automation will report full-year sales of $8.19 billion for the current fiscal year, with estimates ranging from $8.18 billion to $8.20 billion. For the next fiscal year, analysts forecast that the business will post sales of $8.60 billion, with estimates ranging from $8.28 billion to $8.91 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Rockwell Automation.

Rockwell Automation (NYSE:ROKGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.60). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.98 billion. Rockwell Automation had a return on equity of 42.24% and a net margin of 13.81%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $2.41 EPS.

ROK has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Rockwell Automation from $395.00 to $360.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Mizuho decreased their price target on Rockwell Automation from $345.00 to $215.00 in a research note on Wednesday. Citigroup decreased their price target on Rockwell Automation from $357.00 to $310.00 in a research note on Wednesday. Credit Suisse Group decreased their price target on Rockwell Automation from $308.00 to $256.00 in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Rockwell Automation from $318.00 to $292.00 and set a “hold” rating on the stock in a research note on Thursday, April 14th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $278.71.

NYSE ROK opened at $214.44 on Friday. Rockwell Automation has a fifty-two week low of $210.62 and a fifty-two week high of $354.99. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.78 and a current ratio of 1.07. The firm has a market capitalization of $24.92 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 2.57 and a beta of 1.41. The stock’s fifty day moving average is $265.45 and its two-hundred day moving average is $301.67.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Monday, May 16th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, May 13th. Rockwell Automation’s dividend payout ratio is currently 81.45%.

Rockwell Automation announced that its board has initiated a share repurchase plan on Tuesday, May 3rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In related news, Director Patricia A. Watson purchased 1,110 shares of Rockwell Automation stock in a transaction on Thursday, May 5th. The shares were bought at an average price of $219.58 per share, with a total value of $243,733.80. Following the transaction, the director now directly owns 4,827 shares of the company’s stock, valued at $1,059,912.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors grew its stake in Rockwell Automation by 35.2% during the 4th quarter. Capital World Investors now owns 4,892,850 shares of the industrial products company’s stock worth $1,706,871,000 after buying an additional 1,272,634 shares during the last quarter. Norges Bank purchased a new position in Rockwell Automation during the 4th quarter worth approximately $387,237,000. Moors & Cabot Inc. grew its stake in Rockwell Automation by 28,025.0% during the 3rd quarter. Moors & Cabot Inc. now owns 522,000 shares of the industrial products company’s stock worth $545,000 after buying an additional 520,144 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in Rockwell Automation during the 1st quarter worth approximately $120,251,000. Finally, Two Sigma Investments LP grew its stake in Rockwell Automation by 9,956.6% during the 3rd quarter. Two Sigma Investments LP now owns 275,986 shares of the industrial products company’s stock worth $81,151,000 after buying an additional 278,786 shares during the last quarter. Institutional investors and hedge funds own 78.21% of the company’s stock.

Rockwell Automation Company Profile (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.

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