Zacks Research Issues Pessimistic Estimate for ROK Earnings

Rockwell Automation, Inc. (NYSE:ROK) – Stock analysts at Zacks Research dropped their FY2027 earnings estimates for shares of Rockwell Automation in a research note issued on Monday, February 24th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $11.41 per share for the year, down from their prior forecast of $13.00. The consensus estimate for Rockwell Automation’s current full-year earnings is $9.35 per share.

ROK has been the subject of a number of other reports. Loop Capital boosted their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their price target for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. Finally, Robert W. Baird boosted their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $307.55.

Rockwell Automation Stock Up 1.1 %

ROK opened at $287.51 on Thursday. The company has a fifty day moving average price of $286.05 and a 200-day moving average price of $278.35. The firm has a market capitalization of $32.51 billion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 3.53 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation has a one year low of $242.81 and a one year high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Insider Activity

In other news, CEO Blake D. Moret sold 1,741 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $296.67, for a total transaction of $516,502.47. Following the transaction, the chief executive officer now directly owns 80,309 shares of the company’s stock, valued at approximately $23,825,271.03. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the transaction, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. This trade represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,540 shares of company stock valued at $1,935,134. 0.68% of the stock is currently owned by insiders.

Institutional Trading of Rockwell Automation

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Rockwell Automation by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,876,530 shares of the industrial products company’s stock worth $3,965,774,000 after purchasing an additional 81,079 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company’s stock worth $2,033,476,000 after purchasing an additional 432,934 shares during the last quarter. State Street Corp grew its stake in shares of Rockwell Automation by 0.3% in the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after purchasing an additional 11,949 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Rockwell Automation by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,734,430 shares of the industrial products company’s stock worth $779,426,000 after purchasing an additional 51,228 shares during the last quarter. Finally, Amundi grew its stake in shares of Rockwell Automation by 26.2% in the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after purchasing an additional 430,498 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

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.