Rockwell Automation, Inc. (ROK) Updates FY17 Earnings Guidance
Rockwell Automation, Inc. (NYSE:ROK) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $6.60-6.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.66. The company issued revenue guidance of ~$6.29 billion (+~7%), compared to the consensus revenue estimate of $6.27 billion.
Rockwell Automation, Inc. (NYSE ROK) opened at 163.10 on Wednesday. Rockwell Automation, Inc. has a one year low of $111.52 and a one year high of $167.97. The company has a market capitalization of $21.01 billion, a price-to-earnings ratio of 27.22 and a beta of 1.17. The company has a 50-day moving average price of $162.76 and a 200-day moving average price of $155.21.
Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. Rockwell Automation had a net margin of 12.88% and a return on equity of 39.71%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation, Inc. will post $6.66 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is 50.75%.
Several brokerages have recently issued reports on ROK. HSBC Holdings plc reissued a hold rating and issued a $147.00 price target (up previously from $134.00) on shares of Rockwell Automation in a report on Saturday. Stifel Nicolaus reissued a hold rating and issued a $167.00 price target on shares of Rockwell Automation in a report on Wednesday, July 19th. Wolfe Research began coverage on shares of Rockwell Automation in a report on Tuesday, July 11th. They issued a peer perform rating for the company. Zacks Investment Research raised shares of Rockwell Automation from a hold rating to a buy rating and set a $184.00 price target for the company in a report on Tuesday, July 11th. Finally, BidaskClub lowered shares of Rockwell Automation from a buy rating to a hold rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. Rockwell Automation has an average rating of Hold and a consensus price target of $148.53.
In related news, VP Steven W. Etzel sold 3,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $158.54, for a total value of $475,620.00. Following the completion of the transaction, the vice president now directly owns 9,465 shares of the company’s stock, valued at approximately $1,500,581.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith D. Nosbusch sold 10,000 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $156.00, for a total transaction of $1,560,000.00. Following the completion of the transaction, the director now directly owns 411,286 shares of the company’s stock, valued at $64,160,616. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,605 shares of company stock valued at $20,469,855. Company insiders own 1.65% of the company’s stock.
About Rockwell Automation
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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