Rockwell Automation (ROK) Given Media Sentiment Rating of 0.16
Headlines about Rockwell Automation (NYSE:ROK) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rockwell Automation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 47.3556389621466 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Rockwell Automation, Inc. (ROK) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Why Is Rockwell Automation (ROK) Down 1.5% Since the Last Earnings Report? – Nasdaq (nasdaq.com)
- Near-Term, Can These Stocks Move the Needle: Ameriprise Financial, Inc. (NYSE:AMP) and Rockwell Automation Inc … – FLBC News (flbcnews.com)
- Rockwell Automation Inc (ROK): What Are the Charts Indicating? – FLBC News (flbcnews.com)
Shares of Rockwell Automation (ROK) opened at 162.62 on Thursday. Rockwell Automation has a 12-month low of $111.52 and a 12-month high of $167.97. The company has a market cap of $20.87 billion, a price-to-earnings ratio of 26.22 and a beta of 1.17. The company’s 50-day moving average price is $164.05 and its 200 day moving average price is $158.22.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.71%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Equities analysts predict that Rockwell Automation will post $6.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.04 annualized dividend and a yield of 1.87%. Rockwell Automation’s payout ratio is presently 49.03%.
A number of analysts have recently commented on ROK shares. Credit Suisse Group cut their price target on Rockwell Automation from $155.00 to $154.00 and set a “neutral” rating on the stock in a report on Wednesday, August 23rd. Cowen and Company boosted their price target on Rockwell Automation from $125.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a report on Friday, July 28th. J P Morgan Chase & Co upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price target on the stock in a report on Thursday, July 27th. Finally, HSBC Holdings plc restated a “hold” rating and issued a $147.00 price target (up from $134.00) on shares of Rockwell Automation in a report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three 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 $152.27.
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In other news, Director Keith D. Nosbusch sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $165.50, for a total transaction of $3,310,000.00. Following the sale, the director now directly owns 411,286 shares in the company, valued at approximately $68,067,833. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John M. Miller sold 1,825 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $165.37, for a total transaction of $301,800.25. The disclosure for this sale can be found here. Insiders have sold a total of 58,425 shares of company stock worth $9,658,813 over the last 90 days. Insiders own 1.65% of the company’s stock.
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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