Rockwell Automation, Inc. (NYSE:ROK) Expected to Announce Quarterly Sales of $1.77 Billion


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Equities analysts forecast that Rockwell Automation, Inc. (NYSE:ROK) will announce $1.77 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Rockwell Automation’s earnings, with the lowest sales estimate coming in at $1.73 billion and the highest estimate coming in at $1.81 billion. Rockwell Automation posted sales of $1.39 billion during the same quarter last year, which would indicate a positive year over year growth rate of 27.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 27th.

According to Zacks, analysts expect that Rockwell Automation will report full-year sales of $7.01 billion for the current financial year, with estimates ranging from $6.98 billion to $7.06 billion. For the next fiscal year, analysts expect that the company will report sales of $7.50 billion, with estimates ranging from $7.29 billion to $7.67 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Rockwell Automation.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, April 27th. The industrial products company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.15 by $0.26. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.73 billion. Rockwell Automation had a net margin of 16.17% and a return on equity of 81.39%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.43 EPS.

Several equities research analysts have issued reports on ROK shares. Citigroup lowered their price objective on shares of Rockwell Automation from $297.00 to $291.00 in a research report on Wednesday, January 27th. Oppenheimer upped their price target on shares of Rockwell Automation from $280.00 to $286.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. Barclays upped their price target on shares of Rockwell Automation from $265.00 to $269.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Rockwell Automation from $242.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, April 19th. Finally, Robert W. Baird raised shares of Rockwell Automation from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $253.00 to $275.00 in a research report on Wednesday, January 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $259.36.

Rockwell Automation stock traded up $1.43 during trading hours on Tuesday, hitting $262.60. The company had a trading volume of 606,121 shares, compared to its average volume of 694,666. The firm has a market cap of $30.48 billion, a P/E ratio of 29.94, a P/E/G ratio of 3.26 and a beta of 1.37. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.16 and a current ratio of 1.48. Rockwell Automation has a 1 year low of $183.67 and a 1 year high of $275.43. The company has a 50-day moving average price of $264.71 and a two-hundred day moving average price of $253.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Monday, May 17th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Friday, May 14th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 1.63%. Rockwell Automation’s payout ratio is currently 55.73%.

In related news, SVP Frank C. Kulaszewicz sold 100 shares of the stock in a transaction on Monday, March 8th. The shares were sold at an average price of $255.14, for a total transaction of $25,514.00. Following the sale, the senior vice president now directly owns 19,462 shares of the company’s stock, valued at $4,965,534.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sujeet Chand sold 1,300 shares of the stock in a transaction on Friday, February 19th. The stock was sold at an average price of $248.06, for a total transaction of $322,478.00. Following the sale, the senior vice president now directly owns 30,383 shares in the company, valued at $7,536,806.98. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ROK. IronBridge Private Wealth LLC purchased a new position in Rockwell Automation during the fourth quarter valued at $27,000. BDO Wealth Advisors LLC lifted its holdings in Rockwell Automation by 177.8% during the fourth quarter. BDO Wealth Advisors LLC now owns 125 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 80 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Rockwell Automation by 191.1% during the first quarter. Pinnacle Bancorp Inc. now owns 131 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 86 shares in the last quarter. Exane Derivatives lifted its holdings in Rockwell Automation by 6,850.0% during the first quarter. Exane Derivatives now owns 139 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 137 shares in the last quarter. Finally, Hexavest Inc. lifted its holdings in Rockwell Automation by 45.4% during the fourth quarter. Hexavest Inc. now owns 173 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 54 shares in the last quarter. 76.21% of the stock is currently owned by institutional investors and hedge funds.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.

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