Equities analysts expect that Rockwell Automation, Inc. (NYSE:ROK) will report $1.65 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Rockwell Automation’s earnings. The highest sales estimate is $1.67 billion and the lowest is $1.64 billion. Rockwell Automation reported sales of $1.54 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The company is scheduled to announce its next earnings report on Monday, November 6th.

On average, analysts expect that Rockwell Automation will report full-year sales of $1.65 billion for the current financial year, with estimates ranging from $6.25 billion to $6.31 billion. For the next fiscal year, analysts expect that the firm will post sales of $6.64 billion per share, with estimates ranging from $6.55 billion to $6.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Rockwell Automation.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 EPS.

Several research analysts have recently commented on ROK shares. Gabelli raised Rockwell Automation from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Barclays PLC boosted their target price on Rockwell Automation from $166.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Credit Suisse Group reissued a “hold” rating and issued a $155.00 target price on shares of Rockwell Automation in a report on Thursday, April 27th. Stifel Nicolaus boosted their target price on Rockwell Automation from $159.00 to $167.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Morgan Stanley boosted their target price on Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $152.33.

COPYRIGHT VIOLATION NOTICE: “Zacks: Brokerages Expect Rockwell Automation, Inc. (ROK) Will Post Quarterly Sales of $1.65 Billion” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/07/zacks-brokerages-expect-rockwell-automation-inc-rok-will-post-quarterly-sales-of-1-65-billion.html.

Shares of Rockwell Automation (ROK) opened at 164.90 on Monday. The stock’s 50 day moving average price is $163.36 and its 200-day moving average price is $156.26. Rockwell Automation has a 12 month low of $111.52 and a 12 month high of $167.97. The firm has a market capitalization of $21.42 billion, a PE ratio of 26.59 and a beta of 1.17.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, August 10th. Rockwell Automation’s payout ratio is 49.03%.

In other Rockwell Automation news, Director Keith D. Nosbusch sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $157.50, for a total transaction of $3,150,000.00. Following the completion of the sale, the director now owns 411,286 shares in the company, valued at approximately $64,777,545. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith D. Nosbusch sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $157.00, for a total transaction of $1,570,000.00. Following the sale, the director now owns 411,286 shares of the company’s stock, valued at approximately $64,571,902. The disclosure for this sale can be found here. Insiders have sold a total of 124,757 shares of company stock valued at $20,015,634 in the last quarter. Corporate insiders own 1.65% of the company’s stock.

Several hedge funds have recently modified their holdings of ROK. Jacobus Wealth Management Inc. acquired a new stake in shares of Rockwell Automation during the first quarter valued at approximately $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock valued at $112,000 after buying an additional 680 shares during the last quarter. Clarkston Capital Partners LLC acquired a new stake in shares of Rockwell Automation during the second quarter valued at approximately $206,000. Appleton Group LLC acquired a new stake in shares of Rockwell Automation during the first quarter valued at approximately $213,000. Finally, Hunter Associates Investment Management LLC acquired a new stake in shares of Rockwell Automation during the first quarter valued at approximately $215,000. Institutional investors own 73.24% 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.

Get a free copy of the Zacks research report on Rockwell Automation (ROK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Rockwell Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.