Rockwell Automation Sets New 12-Month High at $128.57 (ROK)
Rockwell Automation (NYSE:ROK)’s share price hit a new 52-week high during trading on Monday , AnalystRatings.Net reports. The company traded as high as $128.57 and last traded at $127.75, with a volume of 274,768 shares traded. The stock had previously closed at $126.34.
ROK has been the subject of a number of recent research reports. 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. Separately, 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Rockwell Automation presently has an average rating of “Hold” and an average target price of $118.33.
The stock’s 50-day moving average is $121.7 and its 200-day moving average is $118.6. The company has a market cap of $17.697 billion and a P/E ratio of 22.24.
Rockwell Automation (NYSE:ROK) last released its earnings data on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Rockwell Automation will post $6.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, August 7th.
In other Rockwell Automation news, CFO Theodore D. Crandall unloaded 22,067 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $122.33, for a total value of $2,699,456.11. The transaction was disclosed in a document filed 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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