Rockwell Automation (ROK) Set to Announce Earnings on Tuesday

Rockwell Automation (NYSE:ROK - Get Free Report) will post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Rockwell Automation to post earnings of $2.15 per share for the quarter. Rockwell Automation has set its FY 2024 guidance at 12.000-13.500 EPS and its FY24 guidance at $12.00-13.50 EPS.Parties that wish to register for the company's conference call can do so using this link.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter in the previous year, the company posted $2.46 EPS. On average, analysts expect Rockwell Automation to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Rockwell Automation Trading Down 3.2 %

ROK traded down $9.01 on Tuesday, reaching $270.96. 635,349 shares of the company traded hands, compared to its average volume of 1,008,358. The firm has a fifty day simple moving average of $282.48 and a two-hundred day simple moving average of $283.34. The company has a market cap of $31.05 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 2.83 and a beta of 1.43. Rockwell Automation has a one year low of $252.11 and a one year high of $348.52. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, May 10th. Rockwell Automation's payout ratio is 47.57%.

Insider Buying and Selling at Rockwell Automation

In other news, VP Scott Genereux sold 500 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $280.52, for a total transaction of $140,260.00. Following the completion of the transaction, the vice president now directly owns 4,383 shares of the company's stock, valued at approximately $1,229,519.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the sale, the vice president now directly owns 5,088 shares in the company, valued at approximately $1,337,482.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott Genereux sold 500 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $280.52, for a total transaction of $140,260.00. Following the completion of the sale, the vice president now directly owns 4,383 shares of the company's stock, valued at $1,229,519.16. The disclosure for this sale can be found here. Insiders have sold a total of 17,877 shares of company stock worth $5,058,772 over the last ninety days. Corporate insiders own 0.68% of the company's stock.

Analyst Ratings Changes

ROK has been the subject of several recent research reports. Citigroup reduced their price target on Rockwell Automation from $330.00 to $322.00 and set a "buy" rating for the company in a research report on Monday, April 8th. Mizuho cut their price objective on shares of Rockwell Automation from $300.00 to $265.00 and set a "neutral" rating on the stock in a research report on Thursday, February 1st. JPMorgan Chase & Co. reissued an "underweight" rating and set a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Barclays cut their price target on shares of Rockwell Automation from $269.00 to $265.00 and set an "underweight" rating on the stock in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company decreased their price objective on Rockwell Automation from $357.00 to $320.00 and set an "overweight" rating for the company in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Rockwell Automation currently has an average rating of "Hold" and a consensus target price of $310.08.

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.