Rockwell Automation (ROK) Expected to Post Quarterly Sales of $1.72 Billion

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Wall Street analysts expect Rockwell Automation (NYSE:ROK) to announce $1.72 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Rockwell Automation’s earnings, with the highest sales estimate coming in at $1.74 billion and the lowest estimate coming in at $1.69 billion. Rockwell Automation posted sales of $1.65 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The business is expected to issue its next earnings results on Wednesday, April 24th.

On average, analysts expect that Rockwell Automation will report full year sales of $6.93 billion for the current year, with estimates ranging from $6.87 billion to $7.00 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $7.19 billion, with estimates ranging from $6.94 billion to $7.32 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Rockwell Automation.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.22. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Rockwell Automation had a net margin of 12.68% and a return on equity of 66.47%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 EPS.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Berenberg Bank set a $145.00 price target on Rockwell Automation and gave the stock a “sell” rating in a research note on Monday, November 19th. Barclays dropped their price target on Rockwell Automation from $170.00 to $165.00 and set an “equal weight” rating for the company in a research note on Monday, January 7th. Wolfe Research downgraded Rockwell Automation to a “market perform” rating in a research note on Tuesday, January 8th. Finally, BMO Capital Markets assumed coverage on Rockwell Automation in a research note on Friday, January 18th. They issued an “outperform” rating and a $185.00 price target for the company. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $172.06.

ROK stock traded down $1.35 during midday trading on Friday, hitting $179.33. The company’s stock had a trading volume of 1,867,116 shares, compared to its average volume of 996,010. Rockwell Automation has a 12 month low of $141.46 and a 12 month high of $198.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.21 and a quick ratio of 0.93. The company has a market capitalization of $21.68 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.23 and a beta of 1.36.

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Tuesday, February 19th were given a dividend of $0.97 per share. The ex-dividend date was Friday, February 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.16%. Rockwell Automation’s dividend payout ratio is currently 47.84%.

In other news, insider Elik I. Fooks sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $177.80, for a total transaction of $906,780.00. Following the completion of the transaction, the insider now directly owns 15,597 shares in the company, valued at approximately $2,773,146.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 9,231 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $177.70, for a total value of $1,640,348.70. Following the transaction, the senior vice president now owns 34,893 shares of the company’s stock, valued at $6,200,486.10. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aviva PLC lifted its position in Rockwell Automation by 23.0% during the 3rd quarter. Aviva PLC now owns 127,589 shares of the industrial products company’s stock worth $23,925,000 after acquiring an additional 23,863 shares during the period. Pure Financial Advisors Inc. purchased a new position in Rockwell Automation during the fourth quarter worth $225,000. Private Wealth Advisors Inc. purchased a new position in Rockwell Automation during the fourth quarter worth $742,000. New England Research & Management Inc. purchased a new position in Rockwell Automation during the fourth quarter worth $233,000. Finally, Chartwell Investment Partners LLC increased its position in Rockwell Automation by 4.8% during the third quarter. Chartwell Investment Partners LLC now owns 14,354 shares of the industrial products company’s stock worth $2,692,000 after buying an additional 655 shares in the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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