Wall Street analysts expect that Rockwell Automation, Inc. (NYSE:ROK) will report sales of $1.60 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Rockwell Automation’s earnings, with the highest sales estimate coming in at $1.62 billion and the lowest estimate coming in at $1.57 billion. Rockwell Automation reported sales of $1.49 billion in the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, January 24th.

According to Zacks, analysts expect that Rockwell Automation will report full year sales of $1.60 billion for the current year, with estimates ranging from $6.68 billion to $6.80 billion. For the next financial year, analysts expect that the business will post sales of $7.11 billion per share, with estimates ranging from $6.96 billion to $7.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Rockwell Automation.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.03). The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Rockwell Automation had a return on equity of 38.67% and a net margin of 13.08%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS.

Several analysts recently issued reports on ROK shares. Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Daiwa Capital Markets assumed coverage on shares of Rockwell Automation in a report on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 price target for the company. Finally, ValuEngine downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $171.60.

In related news, CFO Patrick P. Goris sold 145 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.36, for a total transaction of $27,892.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven W. Etzel sold 514 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $98,045.50. Following the completion of the sale, the vice president now owns 7,737 shares of the company’s stock, valued at approximately $1,475,832.75. The disclosure for this sale can be found here. Insiders have sold a total of 10,770 shares of company stock valued at $2,054,871 over the last ninety days. 1.65% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Valeo Financial Advisors LLC bought a new position in shares of Rockwell Automation in the 3rd quarter valued at about $131,000. Rockefeller Financial Services Inc. bought a new position in shares of Rockwell Automation in the 3rd quarter valued at about $143,000. Sun Life Financial INC boosted its stake in Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 934 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Rockwell Automation during the 3rd quarter worth approximately $186,000. Finally, Foundry Partners LLC bought a new position in Rockwell Automation during the 3rd quarter worth approximately $200,000. 72.84% of the stock is currently owned by institutional investors.

Shares of Rockwell Automation (ROK) opened at $205.05 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.06. The stock has a market cap of $26,520.67, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.32 and a beta of 1.23. Rockwell Automation has a 1-year low of $139.51 and a 1-year high of $210.72.

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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.

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

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