Rockwell Automation Forecasted to Earn Q1 2020 Earnings of $2.09 Per Share (NYSE:ROK)

Rockwell Automation (NYSE:ROK) – Investment analysts at Oppenheimer issued their Q1 2020 EPS estimates for shares of Rockwell Automation in a research report issued on Wednesday, November 13th. Oppenheimer analyst N. Kaye anticipates that the industrial products company will earn $2.09 per share for the quarter. Oppenheimer also issued estimates for Rockwell Automation’s Q2 2020 earnings at $2.19 EPS, Q3 2020 earnings at $2.33 EPS, Q4 2020 earnings at $2.35 EPS, FY2020 earnings at $8.95 EPS and FY2021 earnings at $9.40 EPS.

Several other equities analysts have also issued reports on ROK. ValuEngine lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Wednesday. Credit Suisse Group upgraded Rockwell Automation from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $161.00 to $191.00 in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on Rockwell Automation from $146.00 to $151.00 and gave the company a “neutral” rating in a research note on Friday. Citigroup restated a “neutral” rating and set a $208.00 price target (up from $174.00) on shares of Rockwell Automation in a research note on Wednesday. Finally, Morgan Stanley boosted their price target on Rockwell Automation from $142.00 to $180.00 and gave the company an “underweight” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $182.20.

Shares of ROK opened at $200.27 on Friday. Rockwell Automation has a 12-month low of $141.46 and a 12-month high of $207.11. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 4.84. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.80 and a beta of 1.41. The stock’s 50-day moving average price is $171.28 and its 200 day moving average price is $162.41.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.09. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $1.02 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, November 8th. Rockwell Automation’s dividend payout ratio is currently 47.06%.

In other news, CEO Blake D. Moret sold 1,700 shares of the company’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 value of $304,419.00. Following the sale, the chief executive officer now directly owns 41,395 shares in the company, valued at approximately $7,412,602.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David M. Dorgan sold 10,148 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $198.22, for a total value of $2,011,536.56. Following the completion of the sale, the vice president now owns 11,339 shares in the company, valued at $2,247,616.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,648 shares of company stock worth $5,720,944. Corporate insiders own 1.43% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Coastal Capital Group Inc. bought a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $25,000. Griffin Asset Management Inc. acquired a new position in shares of Rockwell Automation in the 2nd quarter worth approximately $26,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Rockwell Automation by 426.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 145 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new position in shares of Rockwell Automation in the 2nd quarter worth approximately $31,000. Finally, Shine Investment Advisory Services Inc. boosted its holdings in shares of Rockwell Automation by 112.9% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 198 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

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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