Key Points
- CEO Blake Moret bought 4,000 shares at an average price of $386.36, investing about $1.55 million and increasing his holdings by 4.2% to 99,285 shares.
- Rockwell reported quarterly EPS of $3.88, beating the $3.69 consensus, while revenue of $2.33 billion fell short of estimates but rose 0.7% year over year.
- The company raised its quarterly dividend from $1.38 to $1.45 per share. Analysts’ consensus rating is “Hold,” with a $471.33 average price target.
Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) CEO Blake Moret bought 4,000 shares of the company's stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of $386.36 per share, with a total value of $1,545,440.00. Following the completion of the acquisition, the chief executive officer owned 99,285 shares in the company, valued at $38,359,752.60. This represents a 4.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Rockwell Automation Price Performance
Rockwell Automation stock opened at $388.95 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. The company has a market capitalization of $43.19 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.51. Rockwell Automation, Inc. has a one year low of $347.53 and a one year high of $497.36. The business has a 50 day simple moving average of $428.55 and a 200 day simple moving average of $427.16.
Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The industrial products company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.69 by $0.19. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $3.34 EPS. Rockwell Automation's quarterly revenue was up .7% on a year-over-year basis. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. On average, sell-side analysts forecast that Rockwell Automation, Inc. will post 15.00 EPS for the current fiscal year.
Rockwell Automation Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, November 16th. This is a boost from Rockwell Automation's previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.5%. Rockwell Automation's dividend payout ratio (DPR) is 43.98%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. DA Davidson lowered their target price on shares of Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating on the stock in a report on Friday, August 21st. Robert W. Baird set a $514.00 price objective on Rockwell Automation in a report on Wednesday, August 5th. Sanford C. Bernstein raised their target price on shares of Rockwell Automation from $501.00 to $514.00 and gave the company a "market perform" rating in a research note on Friday, August 14th. Citigroup dropped their price target on shares of Rockwell Automation from $536.00 to $504.00 and set a "buy" rating for the company in a research note on Friday. Finally, Morgan Stanley set a $520.00 price objective on shares of Rockwell Automation in a report on Friday, October 16th. Nine analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, Rockwell Automation presently has a consensus rating of "Hold" and a consensus target price of $471.33.
Check Out Our Latest Research Report on ROK
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its holdings in shares of Rockwell Automation by 36.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 349 shares of the industrial products company's stock valued at $152,000 after purchasing an additional 94 shares in the last quarter. Phoenix Financial Ltd. grew its stake in Rockwell Automation by 31.5% in the third quarter. Phoenix Financial Ltd. now owns 7,556 shares of the industrial products company's stock valued at $3,291,000 after purchasing an additional 1,810 shares in the last quarter. Diversified Trust Co grew its position in shares of Rockwell Automation by 112.1% in the 3rd quarter. Diversified Trust Co now owns 1,992 shares of the industrial products company's stock valued at $867,000 after acquiring an additional 1,053 shares during the period. Aberdeen Group plc increased its holdings in shares of Rockwell Automation by 62.2% during the 3rd quarter. Aberdeen Group plc now owns 207,725 shares of the industrial products company's stock worth $90,429,000 after acquiring an additional 79,627 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Rockwell Automation by 6.5% in the 3rd quarter. Allworth Financial LP now owns 5,538 shares of the industrial products company's stock valued at $2,411,000 after buying an additional 339 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.
About Rockwell Automation
(
Get Free Report)
Rockwell Automation, Inc is an industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. Its roots date to 1903, when it was founded as the Compression Rheostat Company.
The company provides hardware, software and services that help manufacturers automate and manage industrial operations. Its offerings include control systems, sensors, motor-control products, industrial software and services for optimizing production and maintaining equipment. Its Allen-Bradley and FactoryTalk brands are among its best-known product lines.
Rockwell Automation serves customers across a range of industries and operates in markets around the world.
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