Rockwell Automation (ROK) Expected to Announce Earnings on Wednesday

Rockwell Automation (NYSE:ROK) is expected to be announcing its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.66 per share and revenue of $1,911,280.00 billion for the quarter. Rockwell Automation has set its FY25 guidance at $8.60-9.80 EPS and its FY 2025 guidance at 8.600-9.800 EPS.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.40 by $0.07. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. Rockwell Automation’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.64 earnings per share. On average, analysts expect Rockwell Automation to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Rockwell Automation Stock Up 1.5 %

Shares of ROK opened at $290.99 on Wednesday. Rockwell Automation has a fifty-two week low of $242.81 and a fifty-two week high of $307.71. The company’s fifty day moving average is $288.06 and its two-hundred day moving average is $274.52. The firm has a market cap of $32.89 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 3.08 and a beta of 1.36. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $1.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.80%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

Insider Buying and Selling

In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the transaction, the chief executive officer now directly owns 78,115 shares in the company, valued at $23,327,482.45. The trade was a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Veena M. Lakkundi sold 579 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the sale, the senior vice president now owns 4,576 shares in the company, valued at $1,221,151.36. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock worth $10,832,549 over the last ninety days. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wells Fargo & Company upped their price target on Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Bank of America raised their price target on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. UBS Group assumed coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $290.00 to $350.00 in a report on Thursday, December 12th. Finally, Oppenheimer upped their target price on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Rockwell Automation currently has an average rating of “Hold” and an average price target of $304.16.

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.