Rockwell Automation Announces Quarterly Dividend of $0.84 (ROK)

Rockwell Automation (NYSE:ROK) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Investors of record on Tuesday, February 20th will be paid a dividend of 0.835 per share by the industrial products company on Monday, March 12th. This represents a $3.34 dividend on an annualized basis and a yield of 1.77%.

Rockwell Automation has increased its dividend payment by an average of 9.2% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Rockwell Automation has a payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Rockwell Automation to earn $8.74 per share next year, which means the company should continue to be able to cover its $3.34 annual dividend with an expected future payout ratio of 38.2%.

Shares of Rockwell Automation (NYSE:ROK) traded up $0.21 during mid-day trading on Wednesday, reaching $188.78. The company had a trading volume of 984,185 shares, compared to its average volume of 875,161. Rockwell Automation has a 12 month low of $147.67 and a 12 month high of $210.72. The stock has a market capitalization of $24,550.00, a price-to-earnings ratio of 66.24, a price-to-earnings-growth ratio of 2.08 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.73.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.22. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the firm posted $1.75 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. research analysts predict that Rockwell Automation will post 7.79 EPS for the current year.

ROK has been the subject of a number of research analyst reports. Credit Suisse Group reaffirmed a “neutral” rating and issued a $174.00 price target (up previously from $154.00) on shares of Rockwell Automation in a research note on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $183.00 price target on shares of Rockwell Automation in a research note on Thursday, October 12th. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 price target for the company in a research note on Tuesday, October 17th. lowered Rockwell Automation from a “hold” rating to a “reduce” rating in a research note on Thursday, November 2nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $183.15.

In other Rockwell Automation news, VP Steven W. Etzel sold 514 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $98,045.50. Following the completion of the transaction, the vice president now owns 7,737 shares in the company, valued at $1,475,832.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Frank C. Kulaszewicz sold 43,100 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $177.68, for a total value of $7,658,008.00. Following the completion of the transaction, the senior vice president now owns 35,338 shares of the company’s stock, valued at approximately $6,278,855.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,966 shares of company stock valued at $21,834,799. 1.28% of the stock is owned by corporate insiders.

Rockwell Automation announced that its Board of Directors has approved a share repurchase program on Wednesday, January 24th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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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.

Dividend History for Rockwell Automation (NYSE:ROK)

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