Rockwell Automation, Inc. (NYSE:ROK) - Equities researchers at Oppenheimer upped their FY2021 earnings estimates for shares of Rockwell Automation in a research note issued to investors on Wednesday, July 28th. Oppenheimer analyst N. Kaye now anticipates that the industrial products company will post earnings of $9.23 per share for the year, up from their previous estimate of $9.17. Oppenheimer currently has a "Buy" rating and a $286.00 price objective on the stock.
Several other equities analysts have also recently weighed in on the company. Robert W. Baird lifted their target price on Rockwell Automation from $280.00 to $310.00 and gave the company an "outperform" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on Rockwell Automation from $299.00 to $305.00 and gave the company a "hold" rating in a research note on Wednesday. Barclays lifted their target price on Rockwell Automation from $265.00 to $269.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 6th. Morgan Stanley lifted their target price on Rockwell Automation from $313.00 to $327.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on Rockwell Automation from $189.00 to $205.00 and gave the company an "underweight" rating in a research note on Wednesday, May 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of "Hold" and a consensus price target of $277.08.
Shares of ROK opened at $304.81 on Friday. The business has a 50-day moving average of $282.65. The stock has a market cap of $35.37 billion, a PE ratio of 22.45, a P/E/G ratio of 3.40 and a beta of 1.36. Rockwell Automation has a 1-year low of $206.57 and a 1-year high of $304.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.39 and a quick ratio of 1.07. Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, July 26th. The industrial products company reported $2.31 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.09 by $0.22. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.79 billion. Rockwell Automation had a return on equity of 57.72% and a net margin of 25.20%. Rockwell Automation's revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the business posted $1.27 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 10th. Stockholders of record on Monday, August 16th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Friday, August 13th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 1.40%. Rockwell Automation's dividend payout ratio (DPR) is presently 55.73%.
In other Rockwell Automation news, SVP Rebecca W. House sold 4,600 shares of the company's stock in a transaction on Friday, May 7th. The stock was sold at an average price of $270.01, for a total value of $1,242,046.00. Following the sale, the senior vice president now directly owns 9,885 shares in the company, valued at $2,669,048.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Nardecchia sold 8,929 shares of the stock in a transaction on Tuesday, July 20th. The stock was sold at an average price of $295.03, for a total value of $2,634,322.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,890 shares of company stock worth $9,440,744. 0.79% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Lumature Wealth Partners LLC acquired a new stake in shares of Rockwell Automation in the 1st quarter valued at $27,000. IronBridge Private Wealth LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $27,000. Pinnacle Bancorp Inc. boosted its stake in Rockwell Automation by 191.1% during the 1st quarter. Pinnacle Bancorp Inc. now owns 131 shares of the industrial products company's stock worth $35,000 after acquiring an additional 86 shares during the last quarter. Allred Capital Management LLC acquired a new position in Rockwell Automation during the first quarter valued at approximately $36,000. Finally, Exane Derivatives raised its holdings in Rockwell Automation by 6,850.0% in the first quarter. Exane Derivatives now owns 139 shares of the industrial products company's stock worth $37,000 after purchasing an additional 137 shares during the period. 75.29% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Story: What sectors are represented in the Nikkei Index?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Rockwell Automation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rockwell Automation wasn't on the list.
While Rockwell Automation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here