Rockwell Automation, Inc. (NYSE:ROK) Plans $1.38 Quarterly Dividend

Rockwell Automation, Inc. (NYSE:ROK) declared a quarterly dividend on Tuesday, June 9th. Stockholders of record on Monday, August 17th will be paid 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 is Monday, August 17th.

Rockwell Automation has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 15 years. Rockwell Automation has a payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rockwell Automation to earn $14.52 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 38.0%.

Rockwell Automation Price Performance

Shares of ROK opened at $459.96 on Wednesday. The company has a market capitalization of $51.18 billion, a price-to-earnings ratio of 47.81, a P/E/G ratio of 2.89 and a beta of 1.57. Rockwell Automation has a fifty-two week low of $305.44 and a fifty-two week high of $468.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. The business’s 50-day moving average is $422.92 and its 200-day moving average is $405.50.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, beating the consensus estimate of $2.88 by $0.42. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities research analysts expect that Rockwell Automation will post 13.01 EPS for the current fiscal year.

Rockwell Automation announced that its Board of Directors has approved a stock buyback plan on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to buy up to 2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.