FY2018 Earnings Estimate for Rockwell Automation Inc. Issued By Gabelli (ROK)
Rockwell Automation Inc. (NYSE:ROK) – Equities research analysts at Gabelli reduced their FY2018 earnings per share (EPS) estimates for Rockwell Automation in a report issued on Friday. Gabelli analyst J. Bergner now forecasts that the firm will post earnings per share of $6.45 for the year, down from their previous forecast of $6.50. Gabelli also issued estimates for Rockwell Automation’s FY2019 earnings at $6.95 EPS and FY2020 earnings at $7.55 EPS.
Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Monday, November 7th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.49 by $0.03. Rockwell Automation had a return on equity of 36.34% and a net margin of 12.41%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm posted $1.57 earnings per share. Rockwell Automation’s revenue was down 4.3% compared to the same quarter last year.
Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity cut Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 target price for the company. in a report on Tuesday, July 26th. Barclays PLC lowered their target price 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. Citigroup Inc. lowered their target price on Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. Morgan Stanley set a $109.00 target price on Rockwell Automation and gave the stock a “sell” rating in a report on Wednesday, September 28th. Finally, Sanford C. Bernstein upgraded Rockwell Automation from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $105.00 to $121.00 in a report on Friday, September 30th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.67.
Shares of Rockwell Automation (NYSE:ROK) opened at 131.71 on Monday. The stock has a market capitalization of $17.10 billion, a PE 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 company’s 50 day moving average price is $119.52 and its 200 day moving average price is $116.86.
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 given a dividend of $0.76 per share. The ex-dividend date is Wednesday, November 9th. 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. Rockwell Automation’s dividend payout ratio is currently 54.58%.
In other Rockwell Automation news, VP Douglas M. Hagerman sold 9,066 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 12,311 shares of the company’s stock, valued at $1,582,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Dorgan sold 2,200 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $119.06, for a total value of $261,932.00. Following the transaction, the vice president now directly owns 12,500 shares of the company’s stock, 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.
Several institutional investors have recently made changes to their positions in the stock. Tredje AP fonden boosted its position in shares of Rockwell Automation by 262.5% in the second quarter. Tredje AP fonden now owns 870 shares of the company’s stock worth $100,000 after buying an additional 630 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Rockwell Automation by 0.5% in the second quarter. Checchi Capital Advisers LLC now owns 938 shares of the company’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Johnson Financial Group Inc. boosted its position in shares of Rockwell Automation by 1,818.4% in the second quarter. Johnson Financial Group Inc. now owns 940 shares of the company’s stock worth $108,000 after buying an additional 891 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Rockwell Automation by 95.4% in the third quarter. Penserra Capital Management LLC now owns 1,225 shares of the company’s stock worth $149,000 after buying an additional 598 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its position in shares of Rockwell Automation by 34.5% in the third quarter. NEXT Financial Group Inc now owns 1,309 shares of the company’s stock worth $160,000 after buying an additional 336 shares during the last quarter. 73.02% of the stock is owned by institutional investors and hedge funds.
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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