Media coverage about Rockwell Automation (NYSE:ROK) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rockwell Automation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.082911209096 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Rockwell Automation (ROK) Shares Sold by Standard Life Aberdeen plc (americanbankingnews.com)
- Rockwell Automation (ROK) Insider John P. Mcdermott Sells 2,050 Shares (americanbankingnews.com)
- Electronic Drives and Controls Named First U.S. Siemens Solution Partner Certified for Drives & Motion (prweb.com)
- Sei Investments Co. Has $7.99 Million Position in Rockwell Automation (ROK) (americanbankingnews.com)
- Rockwell Automation (ROK) Position Lifted by Financial Counselors Inc. (americanbankingnews.com)
ROK has been the subject of several recent research reports. lowered shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday, November 2nd. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Thursday, November 9th. Citigroup lifted their target price on shares of Rockwell Automation from $187.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Zacks Investment Research lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $190.00.
Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.22. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company posted $1.75 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. research analysts predict that Rockwell Automation will post 7.79 EPS for the current fiscal year.
Rockwell Automation announced that its Board of Directors has initiated a stock repurchase program on Wednesday, January 24th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.835 per share. The ex-dividend date is Friday, February 16th. This represents a $3.34 annualized dividend and a yield of 1.85%. Rockwell Automation’s dividend payout ratio (DPR) is presently 50.61%.
In other Rockwell Automation news, VP Steven W. Etzel sold 514 shares of Rockwell Automation stock in a transaction on Monday, December 4th. The shares were sold at an average price of $190.75, for a total transaction of $98,045.50. Following the sale, the vice president now owns 7,737 shares of the company’s stock, valued at approximately $1,475,832.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Sujeet Chand sold 3,371 shares of Rockwell Automation stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.85, for a total transaction of $643,355.35. Following the sale, the senior vice president now directly owns 47,183 shares in the company, valued at approximately $9,004,875.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,397 shares of company stock worth $25,659,359. 1.28% of the stock is currently owned by corporate insiders.
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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.
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