Rockwell Automation (ROK) to Release Earnings on Tuesday

Rockwell Automation (NYSE:ROK) will be posting its quarterly 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 that wish to listen to the company’s earnings conference call can do so using this link.

Rockwell Automation Stock Up 1.5 %

Shares of Rockwell Automation stock opened at $274.05 on Monday. The stock’s 50-day moving average is $282.09 and its 200 day moving average is $283.03. Rockwell Automation has a one year low of $252.11 and a one year high of $348.52. The firm has a market cap of $31.40 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80.

Rockwell Automation Dividend Announcement

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

Insider Buying and Selling at Rockwell Automation

In other news, CEO Blake D. Moret bought 3,500 shares of Rockwell Automation stock in a transaction dated Monday, February 12th. The stock was purchased 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 directly owns 77,215 shares in the company, valued at approximately $21,901,262.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Blake D. Moret purchased 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the acquisition, the chief executive officer now owns 77,215 shares in the company, valued at $21,901,262.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total transaction of $573,170.13. Following the completion of the sale, the chief financial officer now directly owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,240 shares of company stock worth $4,891,324. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Berenberg Bank restated a “hold” rating and issued a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Wells Fargo & Company decreased their target price on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Citigroup cut their price target on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Finally, Barclays decreased their price objective on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $310.08.

About Rockwell Automation

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.