Rockwell Automation, Inc. (NYSE:ROK – Free Report) – Equities research analysts at Zacks Research decreased their FY2027 earnings per share (EPS) estimates for Rockwell Automation in a note issued to investors on Monday, February 24th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings of $11.41 per share for the year, down from their previous forecast of $13.00. The consensus estimate for Rockwell Automation’s current full-year earnings is $9.35 per share.
ROK has been the topic of a number of other research reports. Citigroup raised their target price on shares of Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Barclays boosted their price objective on Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Wells Fargo & Company increased their target price on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Loop Capital boosted their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $307.55.
Rockwell Automation Price Performance
NYSE ROK opened at $284.47 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The business’s fifty day moving average is $286.10 and its 200 day moving average is $278.11. The company has a market capitalization of $32.17 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 3.53 and a beta of 1.35. Rockwell Automation has a fifty-two week low of $242.81 and a fifty-two week high of $308.70.
Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%.
Institutional Trading of Rockwell Automation
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Rockwell Automation by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock worth $3,965,774,000 after buying an additional 81,079 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Rockwell Automation by 6.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock worth $2,033,476,000 after purchasing an additional 432,934 shares during the last quarter. State Street Corp raised its holdings in Rockwell Automation by 0.3% in the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after acquiring an additional 11,949 shares during the last quarter. Geode Capital Management LLC grew its holdings in Rockwell Automation by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company’s stock valued at $779,426,000 after buying an additional 51,228 shares in the last quarter. Finally, Amundi increased its position in Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after purchasing an additional 430,498 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.
Insider Activity at Rockwell Automation
In other news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott Genereux sold 279 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $296.13, for a total value of $82,620.27. Following the completion of the sale, the vice president now directly owns 2,891 shares of the company’s stock, valued at approximately $856,111.83. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,540 shares of company stock worth $1,935,134 in the last quarter. 0.68% of the stock is owned by company insiders.
Rockwell Automation Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.
Rockwell Automation Company Profile
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.
Featured Articles
- Five stocks we like better than Rockwell Automation
- How to Plot Fibonacci Price Inflection Levels
- Volatility Is Back: 3 Stocks To Cushion the S&P 500’s Swings
- Short Selling: How to Short a Stock
- 2 Catalysts That Could Push NVIDIA Stock Up 30% This Year
- Are Penny Stocks a Good Fit for Your Portfolio?
- Do GM Stock Buybacks Make the Stock Buyable For Investors?
Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.