Brokerages Expect Rockwell Automation (NYSE:ROK) to Post $1.95 Earnings Per Share

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Brokerages expect Rockwell Automation (NYSE:ROK) to report earnings per share of $1.95 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Rockwell Automation’s earnings, with the highest EPS estimate coming in at $2.05 and the lowest estimate coming in at $1.89. Rockwell Automation posted earnings of $2.11 per share in the same quarter last year, which indicates a negative year over year growth rate of 7.6%. The business is expected to issue its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that Rockwell Automation will report full-year earnings of $8.66 per share for the current year, with EPS estimates ranging from $8.55 to $8.95. For the next year, analysts expect that the firm will post earnings of $8.86 per share, with EPS estimates ranging from $8.40 to $9.80. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Rockwell Automation.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, July 25th. The industrial products company reported $2.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.11. Rockwell Automation had a net margin of 15.44% and a return on equity of 78.71%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business earned $2.16 earnings per share. Rockwell Automation’s revenue for the quarter was down 2.0% on a year-over-year basis.

ROK has been the subject of several research reports. Zacks Investment Research upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $168.00 price objective for the company in a research report on Thursday, July 18th. JPMorgan Chase & Co. set a $154.00 price objective on shares of Rockwell Automation and gave the company a “hold” rating in a research report on Friday, July 19th. Morgan Stanley lowered their price objective on shares of Rockwell Automation from $159.00 to $144.00 and set an “underweight” rating for the company in a research report on Friday, June 14th. Barclays lowered their price objective on shares of Rockwell Automation from $164.00 to $162.00 and set an “equal weight” rating for the company in a research report on Monday, July 1st. Finally, Citigroup lowered their price objective on shares of Rockwell Automation from $184.00 to $181.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $173.33.

ROK stock traded up $0.63 during trading on Thursday, hitting $152.51. 424,151 shares of the company’s stock traded hands, compared to its average volume of 913,285. Rockwell Automation has a 52 week low of $141.46 and a 52 week high of $198.23. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.17 and a current ratio of 1.51. The business has a fifty day simple moving average of $157.16 and a 200 day simple moving average of $167.75. The stock has a market capitalization of $17.93 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.26 and a beta of 1.40.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.88 annualized dividend and a dividend yield of 2.54%. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.84%.

In related news, insider Blake D. Moret sold 297 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $161.53, for a total value of $47,974.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John M. Miller sold 3,250 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $163.67, for a total transaction of $531,927.50. The disclosure for this sale can be found here. Insiders sold a total of 3,810 shares of company stock valued at $621,819 in the last 90 days. Company insiders own 1.43% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ROK. Nuveen Asset Management LLC increased its stake in Rockwell Automation by 1,664.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,422,349 shares of the industrial products company’s stock worth $233,024,000 after buying an additional 1,341,730 shares during the period. BlackRock Inc. increased its position in Rockwell Automation by 8.0% during the 1st quarter. BlackRock Inc. now owns 10,676,789 shares of the industrial products company’s stock valued at $1,873,349,000 after purchasing an additional 794,460 shares during the period. TimesSquare Capital Management LLC purchased a new position in Rockwell Automation during the 2nd quarter valued at about $70,873,000. Alecta Pensionsforsakring Omsesidigt increased its position in Rockwell Automation by 11.0% during the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,028,265 shares of the industrial products company’s stock valued at $531,309,000 after purchasing an additional 300,000 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in Rockwell Automation by 117.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 425,756 shares of the industrial products company’s stock valued at $69,098,000 after purchasing an additional 230,298 shares during the period. 76.78% of the stock is currently owned by institutional investors.

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.

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