Rockwell Automation (NYSE:ROK – Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35, Briefing.com reports. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company posted $3.01 EPS. Rockwell Automation updated its FY24 guidance to $10.00-11.00 EPS.
Rockwell Automation Stock Performance
Shares of ROK opened at $272.04 on Wednesday. The firm has a market capitalization of $31.17 billion, a PE ratio of 25.88, a P/E/G ratio of 2.77 and a beta of 1.43. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $281.90 and a 200 day moving average price of $283.11. Rockwell Automation has a 52-week low of $252.11 and a 52-week high of $348.52.
Rockwell Automation Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 47.57%.
Analysts Set New Price Targets
Get Our Latest Analysis on ROK
Insider Activity
In related news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $280.52, for a total transaction of $140,260.00. Following the transaction, the vice president now directly owns 4,383 shares of the company’s stock, valued at $1,229,519.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Blake D. Moret acquired 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $283.64 per share, with a total value of $992,740.00. Following the purchase, the chief executive officer now owns 77,215 shares of the company’s stock, valued at approximately $21,901,262.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott Genereux sold 500 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $280.52, for a total value of $140,260.00. Following the completion of the sale, the vice president now owns 4,383 shares of the company’s stock, valued at approximately $1,229,519.16. The disclosure for this sale can be found here. Insiders sold 17,240 shares of company stock worth $4,891,324 over the last three months. Corporate insiders own 0.68% of the company’s stock.
Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.
Read More
- Five stocks we like better than Rockwell Automation
- Market Cap Calculator: How to Calculate Market Cap
- Celsius Stock’s Post-Earnings Morning Dip, Better than Coffee
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Chegg Chokes on AI Attempt, CEO Talks it Up As He Passes Torch
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Does Logitech’s EPS Beat Signal the Rebound of Video Gaming?
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.