Rockwell Automation Inc. Declares Quarterly Dividend of $0.58 (ROK)
Rockwell Automation (NYSE:ROK) declared a quarterly dividend on Wednesday, February 5th, Analyst Ratings Network.com reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.58 per share on Monday, March 10th. This represents a $2.32 dividend on an annualized basis and a yield of 2.09%.
ROK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note to investors on Thursday, January 30th. They now have a $121.00 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rockwell Automation in a research note to investors on Thursday, January 30th. They now have a $141.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Rockwell Automation from $114.00 to $131.00 in a research note to investors on Thursday, January 16th. They now have an “overweight” rating on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $113.45.
Rockwell Automation (NYSE:ROK) traded down 1.05% during mid-day trading on Wednesday, hitting $110.01. The stock had a trading volume of 794,178 shares. Rockwell Automation has a 52-week low of $80.60 and a 52-week high of $121.01. The stock’s 50-day moving average is $116.1 and its 200-day moving average is $107.9. The company has a market cap of $15.445 billion and a P/E ratio of 19.74.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.39 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Rockwell Automation will post $6.27 EPS for the current fiscal year.
In other Rockwell Automation news, VP Douglas Hagerman sold 13,638 shares of the stock on the open market in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.95, for a total value of $1,567,688.10. Following the transaction, the vice president now directly owns 45,188 shares of the company’s stock, valued at approximately $5,194,361. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Rockwell Automation, Inc (NYSE:ROK) is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses.
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