Rockwell Automation (NYSE:ROK) has received an average recommendation of “Hold” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $188.17.
A number of analysts recently commented on ROK shares. JPMorgan Chase & Co. started coverage on Rockwell Automation in a research report on Wednesday, November 29th. They set a “neutral” rating for the company. Wolfe Research upgraded Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Daiwa Capital Markets started coverage on Rockwell Automation in a research report on Wednesday, December 20th. They set a “neutral” rating and a $199.00 price objective for the company. Citigroup reduced their price objective on Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Finally, Oppenheimer reiterated a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 9th.
In other Rockwell Automation news, CEO Blake D. Moret sold 5,309 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $1,012,691.75. Following the completion of the sale, the chief executive officer now owns 30,720 shares in the company, valued at $5,859,840. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Keith D. Nosbusch sold 10,500 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $203.00, for a total value of $2,131,500.00. Following the completion of the sale, the director now owns 430,199 shares of the company’s stock, valued at approximately $87,330,397. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,347 shares of company stock valued at $23,031,614. Company insiders own 1.28% of the company’s stock.
Rockwell Automation (NYSE:ROK) traded down $0.72 during trading on Wednesday, reaching $183.95. The company had a trading volume of 603,528 shares, compared to its average volume of 894,944. The stock has a market capitalization of $23,711.60, a PE ratio of 64.54, a PEG ratio of 2.09 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98. Rockwell Automation has a 12 month low of $148.31 and a 12 month high of $210.72.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.22. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. Rockwell Automation’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 earnings per share. equities research analysts anticipate that Rockwell Automation will post 7.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, February 16th. Rockwell Automation’s payout ratio is 117.19%.
Rockwell Automation announced that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
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.
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