Rockwell Automation (ROK) Set to Announce Quarterly Earnings on Tuesday

Rockwell Automation (NYSE:ROK) is scheduled to be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect Rockwell Automation to post earnings of $2.15 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same quarter last year, the business posted $2.46 earnings per share. On average, analysts expect Rockwell Automation to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Rockwell Automation Stock Up 1.5 %

ROK stock opened at $274.05 on Friday. The business has a 50-day moving average of $282.09 and a 200-day moving average of $283.03. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. The stock has a market capitalization of $31.40 billion, a P/E ratio of 26.08, a P/E/G ratio of 2.72 and a beta of 1.43. Rockwell Automation has a fifty-two week low of $252.11 and a fifty-two week high of $348.52.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a yield of 1.82%. Rockwell Automation’s payout ratio is presently 47.57%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ROK. Berenberg Bank restated a “hold” rating and issued a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Citigroup dropped their price objective on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Mizuho reduced their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Finally, Wells Fargo & Company cut their target price on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $310.08.

Insider Activity at Rockwell Automation

In other news, CEO Blake D. Moret purchased 3,500 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $283.64 per share, for a total transaction of $992,740.00. Following the purchase, the chief executive officer now owns 77,215 shares of the company’s stock, valued at $21,901,262.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Blake D. Moret acquired 3,500 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the transaction, the chief executive officer now owns 77,215 shares of the company’s stock, valued at $21,901,262.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 500 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $290.00, for a total value of $145,000.00. Following the completion of the transaction, the vice president now owns 2,383 shares in the company, valued at $691,070. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,240 shares of company stock valued at $4,891,324. 0.68% of the stock is owned by insiders.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.