Rockwell Automation Plans Quarterly Dividend of $0.58 (ROK)
Rockwell Automation (NYSE:ROK) announced a quarterly dividend on Wednesday, June 4th, ARN reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.58 per share on Wednesday, September 10th. This represents a $2.32 annualized dividend and a dividend yield of 1.90%.
A number of analysts have recently weighed in on ROK shares. Analysts at Bank of America initiated coverage on shares of Rockwell Automation in a research note on Friday, May 16th. They set a “buy” rating and a $140.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Rockwell Automation in a research note on Thursday, May 1st. They now have a $125.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Rockwell Automation in a research note on Wednesday, April 30th. They now have a $141.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $118.33.
Rockwell Automation (NYSE:ROK) traded down 0.11% during mid-day trading on Wednesday, hitting $122.35. The stock had a trading volume of 400,992 shares. Rockwell Automation has a 52 week low of $80.60 and a 52 week high of $128.46. The stock’s 50-day moving average is $121.6 and its 200-day moving average is $118.5. The company has a market cap of $16.939 billion and a P/E ratio of 21.56.
Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.44 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company posted $1.33 earnings per share. Rockwell Automation’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Rockwell Automation will post $6.20 EPS for the current fiscal year.
In other Rockwell Automation news, CFO Theodore D. Crandall sold 22,067 shares of Rockwell Automation stock on the open market in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $122.33, for a total transaction of $2,699,456.11. The sale was disclosed in a filing with the SEC, 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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