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.

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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.

Earnings History and Estimates for Rockwell Automation (NYSE:ROK)

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