Rockwell Automation, Inc. (ROK) Expected to Post FY2018 Earnings of $7.35 Per Share

Rockwell Automation, Inc. (NYSE:ROK) – Equities researchers at Gabelli raised their FY2018 earnings estimates for Rockwell Automation in a research note issued on Thursday. Gabelli analyst J. Bergner now expects that the industrial products company will post earnings per share of $7.35 for the year, up from their prior forecast of $7.20. Gabelli also issued estimates for Rockwell Automation’s FY2021 earnings at $9.10 EPS.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup Inc. increased their price objective on Rockwell Automation from $187.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research report on Thursday. HSBC Holdings plc downgraded Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $183.00 price objective on shares of Rockwell Automation in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $165.00.

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Shares of Rockwell Automation (NYSE ROK) traded up $2.80 during trading hours on Friday, hitting $192.61. The stock had a trading volume of 541,900 shares, compared to its average volume of 864,217. Rockwell Automation has a one year low of $129.28 and a one year high of $210.72. The firm has a market cap of $24,363.86, a P/E ratio of 28.12, a PEG ratio of 2.26 and a beta of 1.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.46 and a quick ratio of 1.76.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company earned $1.52 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.835 dividend. The ex-dividend date is Friday, November 10th. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 dividend on an annualized basis and a yield of 1.73%. Rockwell Automation’s dividend payout ratio is currently 47.95%.

In other Rockwell Automation news, insider Blake D. Moret sold 1,723 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the sale, the insider now directly owns 22,849 shares in the company, valued at $3,885,700.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Blake D. Moret sold 5,677 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total transaction of $965,657.70. Following the sale, the insider now owns 21,426 shares of the company’s stock, valued at $3,644,562.60. The disclosure for this sale can be found here. Insiders sold 10,400 shares of company stock valued at $1,753,821 over the last quarter. 1.65% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Rockwell Automation by 7.5% during the second quarter. BlackRock Inc. now owns 9,698,308 shares of the industrial products company’s stock valued at $1,570,735,000 after acquiring an additional 679,645 shares during the period. Vanguard Group Inc. boosted its holdings in Rockwell Automation by 3.2% during the second quarter. Vanguard Group Inc. now owns 8,769,308 shares of the industrial products company’s stock valued at $1,420,278,000 after acquiring an additional 268,101 shares during the period. Lazard Asset Management LLC boosted its holdings in Rockwell Automation by 0.5% during the second quarter. Lazard Asset Management LLC now owns 2,308,357 shares of the industrial products company’s stock valued at $373,861,000 after acquiring an additional 11,384 shares during the period. Ameriprise Financial Inc. boosted its holdings in Rockwell Automation by 47.2% during the third quarter. Ameriprise Financial Inc. now owns 1,558,748 shares of the industrial products company’s stock valued at $277,788,000 after acquiring an additional 499,745 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Rockwell Automation by 12.8% during the third quarter. Wells Fargo & Company MN now owns 1,509,470 shares of the industrial products company’s stock valued at $269,003,000 after acquiring an additional 171,598 shares during the period. Institutional investors own 73.79% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

Earnings History and Estimates for Rockwell Automation (NYSE:ROK)

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