Rockwell Automation (NYSE:ROK) Issues FY20 Earnings Guidance

Rockwell Automation (NYSE:ROK) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided EPS guidance of $8.70-9.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.59. The company issued revenue guidance of +2-5% yr/yr to ~$6.83-7.03 billion, compared to the consensus revenue estimate of $6.62 billion.

Shares of NYSE ROK traded up $22.94 during midday trading on Tuesday, hitting $202.14. The company’s stock had a trading volume of 1,593,690 shares, compared to its average volume of 773,629. The stock has a fifty day moving average price of $168.36 and a 200 day moving average price of $162.09. Rockwell Automation has a one year low of $141.46 and a one year high of $191.48. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $20.81 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 2.65 and a beta of 1.41.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a $1.02 dividend. The ex-dividend date is Friday, November 8th. This represents a $4.08 annualized dividend and a dividend yield of 2.02%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.97. Rockwell Automation’s payout ratio is 50.31%.

A number of research firms recently weighed in on ROK. Gordon Haskett lowered shares of Rockwell Automation from a buy rating to a hold rating in a report on Wednesday, September 11th. Zacks Investment Research lowered shares of Rockwell Automation from a hold rating to a sell rating and set a $177.00 target price on the stock. in a report on Wednesday, October 16th. Longbow Research reaffirmed a hold rating on shares of Rockwell Automation in a report on Tuesday, September 17th. Citigroup decreased their target price on shares of Rockwell Automation from $180.00 to $174.00 and set a neutral rating on the stock in a report on Tuesday, October 15th. Finally, ValuEngine raised shares of Rockwell Automation from a hold rating to a buy rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $171.36.

In other Rockwell Automation news, CEO Blake D. Moret sold 7,300 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $179.67, for a total value of $1,311,591.00. Following the completion of the transaction, the chief executive officer now owns 46,995 shares of the company’s stock, valued at approximately $8,443,591.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Blake D. Moret sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $179.07, for a total transaction of $304,419.00. Following the completion of the transaction, the chief executive officer now directly owns 41,395 shares of the company’s stock, valued at approximately $7,412,602.65. The disclosure for this sale can be found here. 1.43% of the stock is owned by insiders.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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