Rockwell Automation, Inc. (NYSE:ROK) – Research analysts at Gabelli raised their FY2019 earnings estimates for shares of Rockwell Automation in a note issued to investors on Thursday. Gabelli analyst J. Bergner now anticipates that the industrial products company will earn $7.90 per share for the year, up from their prior estimate of $7.80. Gabelli also issued estimates for Rockwell Automation’s FY2020 earnings at $8.50 EPS.

ROK has been the subject of a number of other reports. Credit Suisse Group reissued a “neutral” rating and set a $174.00 price target (up from $154.00) on shares of Rockwell Automation in a research note on Wednesday, October 11th. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research note on Friday, July 28th. Cowen and Company reissued a “hold” rating and set a $140.00 price target on shares of Rockwell Automation in a research note on Sunday, September 17th. Citigroup Inc. reissued a “neutral” rating and set a $187.00 price target (up from $175.00) on shares of Rockwell Automation in a research note on Monday, October 9th. Finally, J P Morgan Chase & Co raised Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 price objective for the company in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $165.00.

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Shares of Rockwell Automation (NYSE:ROK) traded down $0.07 during trading on Monday, reaching $192.54. The company had a trading volume of 632,200 shares, compared to its average volume of 863,158. Rockwell Automation has a 52 week low of $129.66 and a 52 week high of $210.72. The company has a market capitalization of $24,723.27, a price-to-earnings ratio of 28.53, a PEG ratio of 2.21 and a beta of 1.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.00 and a current ratio of 3.46.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Rockwell Automation had a net margin of 13.08% and a return on equity of 38.67%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company posted $1.52 earnings per share. Rockwell Automation’s quarterly revenue was up 8.4% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a dividend of $0.835 per share. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, November 10th. Rockwell Automation’s dividend payout ratio (DPR) is currently 52.68%.

In related news, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $170.10, for a total transaction of $965,657.70. Following the completion of the sale, the insider now directly owns 21,426 shares of the company’s stock, valued at approximately $3,644,562.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Dorgan sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the vice president now directly owns 9,355 shares of the company’s stock, valued at $1,544,042.75. The disclosure for this sale can be found here. Insiders have sold a total of 10,400 shares of company stock valued at $1,753,821 over the last three months. 1.65% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROK. Bank of Montreal Can increased its holdings in Rockwell Automation by 10.4% during the 2nd quarter. Bank of Montreal Can now owns 216,113 shares of the industrial products company’s stock worth $35,002,000 after purchasing an additional 20,406 shares during the period. NN Investment Partners Holdings N.V. increased its holdings in Rockwell Automation by 132.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 5,452 shares of the industrial products company’s stock worth $883,000 after purchasing an additional 3,103 shares during the period. Fisher Asset Management LLC increased its holdings in Rockwell Automation by 36.2% during the 2nd quarter. Fisher Asset Management LLC now owns 112,110 shares of the industrial products company’s stock worth $18,157,000 after purchasing an additional 29,809 shares during the period. State of Alaska Department of Revenue increased its holdings in Rockwell Automation by 5.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,651 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 90 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in Rockwell Automation by 110.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,917 shares of the industrial products company’s stock worth $959,000 after purchasing an additional 3,111 shares during the period. Institutional investors own 72.90% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

Earnings History and Estimates for Rockwell Automation (NYSE:ROK)

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