FY2025 Earnings Estimate for ROK Issued By KeyCorp

Rockwell Automation, Inc. (NYSE:ROK - Free Report) - Research analysts at KeyCorp issued their FY2025 earnings per share estimates for Rockwell Automation in a research report issued on Monday, December 9th. KeyCorp analyst K. Newman anticipates that the industrial products company will post earnings of $9.25 per share for the year. KeyCorp currently has a "Overweight" rating and a $345.00 target price on the stock. The consensus estimate for Rockwell Automation's current full-year earnings is $9.39 per share.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.40 by $0.07. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The firm's revenue was down 20.6% compared to the same quarter last year. During the same period last year, the company earned $3.64 earnings per share.

Several other brokerages have also issued reports on ROK. Barclays raised Rockwell Automation from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $255.00 to $290.00 in a research note on Thursday, December 5th. HSBC raised shares of Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price target for the company in a research note on Wednesday. Bank of America raised their target price on Rockwell Automation from $270.00 to $285.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. UBS Group started coverage on Rockwell Automation in a report on Wednesday, November 13th. They issued a "neutral" rating and a $313.00 price target on the stock. Finally, Wells Fargo & Company upped their target price on Rockwell Automation from $293.00 to $305.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Rockwell Automation presently has an average rating of "Hold" and an average target price of $298.29.

Rockwell Automation Trading Up 1.3 %

Rockwell Automation stock traded up $3.68 during trading hours on Wednesday, reaching $297.38. 804,738 shares of the company's stock were exchanged, compared to its average volume of 889,601. The firm's 50 day simple moving average is $278.85 and its 200 day simple moving average is $269.30. Rockwell Automation has a twelve month low of $242.81 and a twelve month high of $312.76. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $33.57 billion, a PE ratio of 35.99, a PEG ratio of 3.09 and a beta of 1.36.

Institutional Trading of Rockwell Automation

Several hedge funds and other institutional investors have recently modified their holdings of the business. Prospera Financial Services Inc boosted its position in shares of Rockwell Automation by 0.9% during the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company's stock valued at $1,083,000 after acquiring an additional 37 shares during the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of Rockwell Automation by 2.7% during the second quarter. Pure Financial Advisors LLC now owns 1,613 shares of the industrial products company's stock valued at $444,000 after purchasing an additional 42 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in Rockwell Automation by 2.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company's stock worth $518,000 after purchasing an additional 42 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Rockwell Automation by 4.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 990 shares of the industrial products company's stock worth $272,000 after buying an additional 44 shares during the last quarter. Finally, 9258 Wealth Management LLC raised its stake in Rockwell Automation by 3.1% during the 2nd quarter. 9258 Wealth Management LLC now owns 1,501 shares of the industrial products company's stock valued at $413,000 after buying an additional 45 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

Insider Transactions at Rockwell Automation

In related news, SVP Veena M. Lakkundi sold 579 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the transaction, the senior vice president now owns 4,576 shares in the company, valued at approximately $1,221,151.36. This represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Blake D. Moret sold 26,700 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the sale, the chief executive officer now directly owns 78,115 shares of the company's stock, valued at $23,327,482.45. This represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,541 shares of company stock worth $10,586,674 in the last 90 days. Insiders own 0.68% of the company's stock.

Rockwell Automation declared that its Board of Directors has initiated a share buyback plan on Thursday, September 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to purchase up to 3.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a dividend of $1.31 per share. The ex-dividend date was Monday, November 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.76%. This is a boost from Rockwell Automation's previous quarterly dividend of $1.25. Rockwell Automation's dividend payout ratio (DPR) is currently 63.29%.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.