Rockwell Automation Inc. Forecasted to Post Q1 2017 Earnings of $1.42 Per Share (ROK)
Rockwell Automation Inc. (NYSE:ROK) – Stock analysts at William Blair increased their Q1 2017 earnings per share (EPS) estimates for shares of Rockwell Automation in a report issued on Tuesday. William Blair analyst N. Heymann now forecasts that the firm will post earnings per share of $1.42 for the quarter, up from their prior forecast of $1.39. William Blair also issued estimates for Rockwell Automation’s Q3 2017 earnings at $1.66 EPS, Q4 2017 earnings at $1.72 EPS, Q1 2018 earnings at $1.56 EPS, Q3 2018 earnings at $1.80 EPS and FY2018 earnings at $6.95 EPS.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 EPS.
Several other equities research analysts also recently commented on ROK. Canaccord Genuity downgraded Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a report on Tuesday, July 26th. Citigroup Inc. decreased their price target on Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. Stifel Nicolaus reiterated a “hold” rating on shares of Rockwell Automation in a report on Friday, October 21st. Barclays PLC decreased their price target on Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. Finally, Zacks Investment Research downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $109.77.
Rockwell Automation (NYSE:ROK) opened at 130.75 on Wednesday. The company has a market cap of $16.97 billion, a PE ratio of 23.52 and a beta of 1.00. The firm’s 50-day moving average price is $119.15 and its 200 day moving average price is $116.74. Rockwell Automation has a 52-week low of $87.53 and a 52-week high of $130.85.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Rockwell Automation by 0.8% in the second quarter. Vanguard Group Inc. now owns 7,919,804 shares of the company’s stock valued at $909,351,000 after buying an additional 64,944 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Rockwell Automation by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,406,867 shares of the company’s stock valued at $416,796,000 after buying an additional 34,719 shares during the period. BlackRock Fund Advisors raised its position in shares of Rockwell Automation by 3.8% in the third quarter. BlackRock Fund Advisors now owns 2,201,314 shares of the company’s stock valued at $269,309,000 after buying an additional 80,074 shares during the period. BlackRock Group LTD raised its position in shares of Rockwell Automation by 2.3% in the second quarter. BlackRock Group LTD now owns 1,075,498 shares of the company’s stock valued at $123,490,000 after buying an additional 23,688 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Rockwell Automation by 4.6% in the third quarter. Wells Fargo & Company MN now owns 1,061,980 shares of the company’s stock valued at $129,923,000 after buying an additional 46,545 shares during the period. Hedge funds and other institutional investors own 73.99% of the company’s stock.
In other news, VP David M. Dorgan sold 2,200 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $119.06, for a total transaction of $261,932.00. Following the transaction, the vice president now directly owns 12,500 shares in the company, valued at approximately $1,488,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Douglas M. Hagerman sold 1,400 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $119.17, for a total value of $166,838.00. Following the transaction, the vice president now owns 32,091 shares in the company, valued at $3,824,284.47. The disclosure for this sale can be found here. 1.54% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 14th will be paid a $0.76 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.73. This represents a $3.04 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Wednesday, November 9th. Rockwell Automation’s dividend payout ratio is currently 54.58%.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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