FY2017 EPS Estimates for Rockwell Automation, Inc. (NYSE:ROK) Increased by Oppenheimer Holdings
Rockwell Automation, Inc. (NYSE:ROK) – Stock analysts at Oppenheimer Holdings boosted their FY2017 EPS estimates for Rockwell Automation in a research note issued on Thursday. Oppenheimer Holdings analyst N. Kaye now anticipates that the industrial products company will post earnings per share of $6.75 for the year, up from their previous forecast of $6.60. Oppenheimer Holdings also issued estimates for Rockwell Automation’s Q4 2017 earnings at $1.68 EPS.
Several other research analysts have also issued reports on ROK. Credit Suisse Group reiterated a “hold” rating and issued a $145.00 price target on shares of Rockwell Automation in a research note on Thursday, March 30th. Gabelli upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Barclays PLC increased their price target on shares of Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Stifel Nicolaus increased their price target on shares of Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Morgan Stanley increased their price target on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $152.33.
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Rockwell Automation (ROK) traded down 0.38% during midday trading on Friday, reaching $164.34. 219,836 shares of the company’s stock traded hands. Rockwell Automation has a 52-week low of $111.52 and a 52-week high of $167.97. The company’s 50-day moving average price is $163.09 and its 200-day moving average price is $155.51. The stock has a market cap of $21.17 billion, a P/E ratio of 27.43 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.12. Rockwell Automation had a net margin of 13.04% and a return on equity of 40.11%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of the company. Univest Corp of Pennsylvania purchased a new position in shares of Rockwell Automation during the first quarter valued at $224,000. Gulf International Bank UK Ltd increased its position in shares of Rockwell Automation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 40,598 shares of the industrial products company’s stock valued at $6,321,000 after buying an additional 515 shares in the last quarter. S&CO Inc. purchased a new position in shares of Rockwell Automation during the first quarter valued at $216,000. Manning & Napier Advisors LLC increased its position in shares of Rockwell Automation by 8.0% in the first quarter. Manning & Napier Advisors LLC now owns 21,858 shares of the industrial products company’s stock valued at $3,402,000 after buying an additional 1,613 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Rockwell Automation by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 111,007 shares of the industrial products company’s stock valued at $17,285,000 after buying an additional 3,858 shares in the last quarter. 73.50% of the stock is currently owned by institutional investors.
In related news, Director William T. Jr/Wi Mccormick sold 432 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $158.07, for a total value of $68,286.24. Following the transaction, the director now owns 9,109 shares of the company’s stock, valued at $1,439,859.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Elik I. Fooks sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $159.04, for a total transaction of $477,120.00. Following the completion of the transaction, the insider now directly owns 10,799 shares in the company, valued at approximately $1,717,472.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,432 shares of company stock worth $19,332,791. Insiders own 1.65% of the company’s stock.
The business 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 dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s payout ratio is presently 49.03%.
Rockwell Automation Company Profile
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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