Analysts predict that Rockwell Automation (NYSE:ROK) will post $1.64 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Rockwell Automation’s earnings, with estimates ranging from $1.62 billion to $1.65 billion. Rockwell Automation posted sales of $1.59 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The firm is expected to report its next quarterly earnings report on Wednesday, January 23rd.

On average, analysts expect that Rockwell Automation will report full year sales of $6.98 billion for the current financial year, with estimates ranging from $6.91 billion to $7.08 billion. For the next financial year, analysts anticipate that the business will report sales of $7.27 billion, with estimates ranging from $7.03 billion to $7.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Rockwell Automation.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.09. Rockwell Automation had a net margin of 8.03% and a return on equity of 57.53%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the company posted $1.69 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year.

Several equities analysts have weighed in on ROK shares. Citigroup set a $185.00 price objective on shares of Rockwell Automation and gave the stock a “hold” rating in a research report on Thursday, November 8th. Wells Fargo & Co lowered their price target on shares of Rockwell Automation from $210.00 to $205.00 and set an “outperform” rating on the stock in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $183.00 price target on the stock in a report on Tuesday, October 23rd. Cowen cut shares of Rockwell Automation from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $175.00 to $150.00 in a report on Monday, October 15th. Finally, Credit Suisse Group boosted their price target on shares of Rockwell Automation from $171.00 to $173.00 and gave the company an “underperform” rating in a report on Thursday, November 8th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $178.87.

NYSE ROK opened at $167.25 on Friday. Rockwell Automation has a twelve month low of $153.67 and a twelve month high of $209.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.27. The company has a market cap of $20.69 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.63 and a beta of 1.29.

Rockwell Automation declared that its board has approved a stock repurchase plan on Thursday, September 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 4.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 12th will be issued a dividend of $0.97 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.92. This represents a $3.88 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, November 8th. Rockwell Automation’s payout ratio is currently 47.84%.

In related news, SVP Frank C. Kulaszewicz sold 2,750 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $172.84, for a total value of $475,310.00. Following the completion of the sale, the senior vice president now directly owns 20,588 shares in the company, valued at $3,558,429.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Theodore D. Crandall sold 13,420 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $175.77, for a total transaction of $2,358,833.40. Following the completion of the sale, the insider now owns 95,994 shares of the company’s stock, valued at $16,872,865.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,547 shares of company stock worth $6,070,978. 1.65% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of ROK. Centaurus Financial Inc. bought a new stake in Rockwell Automation in the second quarter worth $103,000. Fort L.P. bought a new stake in Rockwell Automation in the second quarter worth $117,000. SRS Capital Advisors Inc. boosted its holdings in Rockwell Automation by 3,577.8% in the third quarter. SRS Capital Advisors Inc. now owns 662 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 644 shares in the last quarter. Ropes Wealth Advisors LLC boosted its holdings in Rockwell Automation by 200.0% in the third quarter. Ropes Wealth Advisors LLC now owns 750 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 500 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in Rockwell Automation in the third quarter worth $149,000. Hedge funds and other institutional investors own 75.18% of the company’s stock.

Rockwell Automation Company Profile

Rockwell Automation Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

Read More: Closed-End Mutual Funds (CEFs)

Get a free copy of the Zacks research report on Rockwell Automation (ROK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.