Rockwell Automation (NYSE:ROK) announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 1.02 per share by the industrial products company on Tuesday, December 10th. This represents a $4.08 annualized dividend and a dividend yield of 2.33%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.97.
Shares of ROK stock traded up $0.26 during mid-day trading on Wednesday, hitting $175.20. 802,304 shares of the stock traded hands, compared to its average volume of 811,898. The stock has a market cap of $20.31 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.62 and a beta of 1.41. The stock’s fifty day moving average is $165.07 and its two-hundred day moving average is $162.67. Rockwell Automation has a 52-week low of $141.46 and a 52-week high of $191.48. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.51 and a quick ratio of 1.17.
Several analysts have commented on the stock. Gordon Haskett lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Zacks Investment Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 price target for the company. in a research report on Wednesday, October 16th. Morgan Stanley decreased their price target on shares of Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. Citigroup decreased their price target on shares of Rockwell Automation from $180.00 to $174.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, Wells Fargo & Co lowered shares of Rockwell Automation from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $185.00 to $165.00 in a research report on Monday, September 30th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $171.36.
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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