Rockwell Automation (ROK) Projected to Post Quarterly Earnings on Wednesday

Rockwell Automation (NYSE:ROK) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.66 per share and revenue of $1,911,280.00 billion for the quarter. Rockwell Automation has set its FY25 guidance at $8.60-9.80 EPS and its FY 2025 guidance at 8.600-9.800 EPS.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $3.64 EPS. The business’s revenue was down 20.6% compared to the same quarter last year. On average, analysts expect Rockwell Automation to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Rockwell Automation Stock Performance

ROK stock opened at $284.31 on Tuesday. Rockwell Automation has a 1-year low of $242.81 and a 1-year high of $307.71. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $288.50 and a 200-day moving average price of $275.25. The firm has a market cap of $32.14 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 3.11 and a beta of 1.36.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a $1.31 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Monday, November 18th. Rockwell Automation’s payout ratio is presently 63.29%.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the transaction, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This represents a 42.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the sale, the vice president now owns 4,800 shares in the company, valued at $1,363,536. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock valued at $10,832,549 in the last three months. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. UBS Group began coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target for the company. Oppenheimer lifted their price target on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. HSBC raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $304.16.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.