Media coverage about Rockwell Automation (NYSE:ROK) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rockwell Automation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.1512730479207 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Rockwell Automation (ROK) Expected to Post Quarterly Sales of $1.65 Billion (americanbankingnews.com)
- Rockwell Automation (ROK) Upgraded at ValuEngine (americanbankingnews.com)
- Studio 5000 Designer Software features Logix tag-based alarm functionality. (news.thomasnet.com)
- Zacks: Brokerages Anticipate Rockwell Automation (ROK) to Announce $1.80 Earnings Per Share (americanbankingnews.com)
- Facts About In Play Stocks – Rockwell Automation Inc (NYSE: ROK) – Alpha Beta Stock (alphabetastock.com)
A number of brokerages have recently commented on ROK. ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday. Barclays began coverage on shares of Rockwell Automation in a report on Thursday, February 15th. They issued an “equal weight” rating and a $200.00 target price for the company. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $224.00 target price for the company in a report on Monday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Rockwell Automation from $182.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Finally, Morgan Stanley increased their price target on shares of Rockwell Automation from $194.00 to $206.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $190.00.
Rockwell Automation (NYSE:ROK) last posted its quarterly 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. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. equities research analysts predict that Rockwell Automation will post 7.79 earnings per share for the current year.
Rockwell Automation declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be issued a $0.835 dividend. The ex-dividend date is Friday, February 16th. This represents a $3.34 dividend on an annualized basis and a yield of 1.78%. Rockwell Automation’s dividend payout ratio (DPR) is presently 50.61%.
In other Rockwell Automation news, SVP Frank C. Kulaszewicz sold 43,100 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $177.68, for a total value of $7,658,008.00. Following the completion of the transaction, the senior vice president now directly owns 35,338 shares of the company’s stock, valued at $6,278,855.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John P. Mcdermott sold 2,050 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $187.90, for a total transaction of $385,195.00. Following the completion of the transaction, the insider now directly owns 40,353 shares of the company’s stock, valued at $7,582,328.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,627 shares of company stock valued at $23,604,488. 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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