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.

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

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