Rockwell Automation, Inc. (NYSE:ROK) announced a quarterly dividend on Wednesday, February 8th. Stockholders of record on Tuesday, February 21st will be paid a dividend of 0.76 per share on Friday, March 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, February 16th.
Shares of Rockwell Automation (NYSE:ROK) opened at 151.45 on Friday. Rockwell Automation has a 12 month low of $96.34 and a 12 month high of $155.44. The company has a market capitalization of $19.48 billion, a PE ratio of 26.08 and a beta of 1.07. The stock has a 50 day moving average price of $143.10 and a 200-day moving average price of $127.34.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.30. Rockwell Automation had a net margin of 12.77% and a return on equity of 38.57%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company posted $1.49 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts forecast that Rockwell Automation will post $6.29 EPS for the current year.
A number of analysts recently weighed in on the stock. Barclays PLC increased their price objective on shares of Rockwell Automation from $144.00 to $166.00 and gave the stock an “overweight” rating in a research report on Thursday, January 26th. Gabelli lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $150.00 price objective on the stock. in a research report on Friday, January 27th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research report on Friday, January 27th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Wednesday, January 25th. Finally, Buckingham Research raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and set a $162.00 target price on the stock in a research report on Friday, January 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $130.36.
In other news, SVP Sujeet Chand sold 9,200 shares of Rockwell Automation stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $131.95, for a total transaction of $1,213,940.00. Following the completion of the sale, the senior vice president now directly owns 2,200 shares in the company, valued at $290,290. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith D. Nosbusch sold 50,000 shares of Rockwell Automation stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $132.55, for a total transaction of $6,627,500.00. Following the sale, the director now owns 389,896 shares of the company’s stock, valued at $51,680,714.80. The disclosure for this sale can be found here. Insiders have sold 243,467 shares of company stock valued at $33,933,706 over the last quarter. Insiders own 1.65% of the company’s stock.
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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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