Rockwell Automation, Inc. (ROK) To Go Ex-Dividend on August 17th

Rockwell Automation, Inc. (NYSE:ROK) announced a quarterly dividend on Tuesday, June 9th. Stockholders of record on Monday, August 17th will be given a dividend of 1.38 per share by the industrial products company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th.

Rockwell Automation has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Rockwell Automation has a payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rockwell Automation to earn $14.74 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 37.4%.

Rockwell Automation Stock Up 0.9%

Rockwell Automation stock opened at $449.33 on Friday. The stock has a market cap of $49.90 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.60 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. Rockwell Automation has a twelve month low of $332.71 and a twelve month high of $497.36. The company’s 50-day moving average price is $463.72 and its two-hundred day moving average price is $426.45.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, analysts expect that Rockwell Automation will post 13.22 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on ROK. Sanford C. Bernstein boosted their price target on Rockwell Automation from $501.00 to $514.00 and gave the company a “market perform” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Rockwell Automation from $404.00 to $417.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. BNP Paribas Exane boosted their target price on shares of Rockwell Automation from $495.00 to $515.00 in a research report on Wednesday, May 6th. Evercore set a $485.00 price target on shares of Rockwell Automation in a research note on Wednesday, August 5th. Finally, Mizuho set a $445.00 price target on shares of Rockwell Automation in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $468.67.

About Rockwell Automation

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.