Rockwell Automation (NYSE:ROK) Expected to Post Quarterly Sales of $1.65 Billion

Equities research analysts predict that Rockwell Automation (NYSE:ROK) will announce $1.65 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Rockwell Automation’s earnings. The lowest sales estimate is $1.62 billion and the highest is $1.68 billion. Rockwell Automation reported sales of $1.64 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The company is expected to announce its next quarterly earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Rockwell Automation will report full year sales of $6.95 billion for the current financial year, with estimates ranging from $6.92 billion to $6.99 billion. For the next financial year, analysts forecast that the business will post sales of $7.12 billion, with estimates ranging from $7.01 billion to $7.21 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Rockwell Automation.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, November 12th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.09. Rockwell Automation had a return on equity of 99.27% and a net margin of 10.39%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the firm earned $2.11 EPS. Rockwell Automation’s quarterly revenue was up .0% compared to the same quarter last year.

Several equities analysts recently issued reports on ROK shares. Citigroup reiterated a “neutral” rating and issued a $208.00 price objective (up from $174.00) on shares of Rockwell Automation in a research report on Wednesday, November 13th. Longbow Research reiterated a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Gabelli lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Morgan Stanley boosted their price objective on Rockwell Automation from $142.00 to $180.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Finally, HSBC downgraded Rockwell Automation from a “buy” rating to a “hold” rating and set a $208.00 price target for the company. in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $184.40.

In other news, VP David M. Dorgan sold 10,148 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $198.22, for a total transaction of $2,011,536.56. Following the sale, the vice president now owns 11,339 shares in the company, valued at approximately $2,247,616.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Elik I. Fooks sold 7,100 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $199.07, for a total value of $1,413,397.00. Following the sale, the senior vice president now owns 17,597 shares in the company, valued at approximately $3,503,034.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,648 shares of company stock valued at $5,720,944. Insiders own 1.43% of the company’s stock.

Several institutional investors have recently made changes to their positions in ROK. Nuveen Asset Management LLC raised its stake in Rockwell Automation by 1,664.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,422,349 shares of the industrial products company’s stock valued at $233,024,000 after acquiring an additional 1,341,730 shares during the period. TimesSquare Capital Management LLC bought a new stake in Rockwell Automation in the 2nd quarter valued at $70,873,000. DekaBank Deutsche Girozentrale raised its stake in Rockwell Automation by 117.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 425,756 shares of the industrial products company’s stock valued at $69,098,000 after acquiring an additional 230,298 shares during the period. Janus Henderson Group PLC raised its stake in Rockwell Automation by 504.4% in the 2nd quarter. Janus Henderson Group PLC now owns 265,245 shares of the industrial products company’s stock valued at $43,454,000 after acquiring an additional 221,357 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt raised its stake in Rockwell Automation by 4.6% in the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,168,265 shares of the industrial products company’s stock valued at $518,835,000 after acquiring an additional 140,000 shares during the period. Institutional investors own 72.33% of the company’s stock.

Shares of ROK traded down $1.00 on Friday, hitting $196.67. The company’s stock had a trading volume of 699,248 shares, compared to its average volume of 925,181. The company has a quick ratio of 1.24, a current ratio of 1.54 and a debt-to-equity ratio of 4.84. The firm’s fifty day moving average price is $173.94 and its 200-day moving average price is $162.78. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $207.11. The firm has a market capitalization of $23.14 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 2.74 and a beta of 1.41.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $4.08 dividend on an annualized basis and a yield of 2.07%. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.97. Rockwell Automation’s dividend payout ratio is 47.06%.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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