Rockwell Automation Inc. Expected to Earn FY2017 Earnings of $6.05 Per Share (ROK)
Rockwell Automation Inc. (NYSE:ROK) – Gabelli upped their FY2017 earnings per share (EPS) estimates for shares of Rockwell Automation in a report released on Tuesday. Gabelli analyst J. Bergner now anticipates that the brokerage will post earnings per share of $6.05 for the year, up from their previous forecast of $5.95.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, November 7th. The company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.03. The firm earned $1.54 billion during the quarter, compared to analyst estimates of $1.51 billion. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS.
ROK has been the subject of several other reports. Berenberg Bank assumed coverage on Rockwell Automation in a research report on Monday, October 3rd. They issued a “sell” rating and a $110.00 price objective for the company. Morgan Stanley set a $109.00 price objective on Rockwell Automation and gave the stock a “sell” rating in a research report on Wednesday, September 28th. Stifel Nicolaus reiterated a “hold” rating on shares of Rockwell Automation in a research report on Friday, October 21st. Canaccord Genuity lowered Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research report on Tuesday, July 26th. Finally, Sanford C. Bernstein upgraded Rockwell Automation from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $105.00 to $121.00 in a research report on Friday, September 30th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $108.67.
Rockwell Automation (NYSE:ROK) opened at 131.71 on Friday. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 23.69 and a beta of 1.00. Rockwell Automation has a 52-week low of $87.53 and a 52-week high of $131.72. The stock has a 50 day moving average price of $119.52 and a 200 day moving average price of $116.86.
Hedge funds have recently bought and sold shares of the company. KCG Holdings Inc. boosted its stake in Rockwell Automation by 413.0% in the third quarter. KCG Holdings Inc. now owns 36,663 shares of the company’s stock worth $4,485,000 after buying an additional 29,516 shares during the period. Profund Advisors LLC boosted its stake in Rockwell Automation by 2.6% in the third quarter. Profund Advisors LLC now owns 3,887 shares of the company’s stock worth $476,000 after buying an additional 97 shares during the period. Stephens Inc. AR purchased a new stake in Rockwell Automation during the third quarter worth approximately $200,000. Morgan Stanley boosted its stake in Rockwell Automation by 26.6% in the third quarter. Morgan Stanley now owns 150,234 shares of the company’s stock worth $18,378,000 after buying an additional 31,552 shares during the period. Finally, Wafra Investment Advisory Group Inc. NY boosted its stake in Rockwell Automation by 391.1% in the third quarter. Wafra Investment Advisory Group Inc. NY now owns 149,945 shares of the company’s stock worth $18,344,000 after buying an additional 119,415 shares during the period. Institutional investors and hedge funds own 73.99% of the company’s stock.
In other Rockwell Automation news, VP Douglas M. Hagerman sold 9,066 shares of Rockwell Automation stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $128.58, for a total transaction of $1,165,706.28. Following the completion of the sale, the vice president now directly owns 12,311 shares of the company’s stock, valued at approximately $1,582,948.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Dorgan sold 2,200 shares of Rockwell Automation stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $119.06, for a total value of $261,932.00. Following the sale, the vice president now owns 12,500 shares in the company, valued at approximately $1,488,250. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 14th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 2.31%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, November 9th. Rockwell Automation’s payout ratio is 54.58%.
Rockwell Automation Company Profile
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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