Rockwell Automation, Inc. to Issue Quarterly Dividend of $1.31 (NYSE:ROK)

Rockwell Automation, Inc. (NYSE:ROK - Get Free Report) declared a quarterly dividend on Tuesday, April 1st, RTT News reports. Investors of record on Monday, May 19th will be paid a dividend of 1.31 per share by the industrial products company on Tuesday, June 10th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, May 19th.

Rockwell Automation has raised its dividend by an average of 5.3% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Rockwell Automation has a dividend payout ratio of 47.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rockwell Automation to earn $11.07 per share next year, which means the company should continue to be able to cover its $5.24 annual dividend with an expected future payout ratio of 47.3%.

Rockwell Automation Stock Performance

Shares of ROK stock traded down $10.38 during trading hours on Friday, hitting $228.78. 740,670 shares of the company were exchanged, compared to its average volume of 850,094. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $25.87 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 3.53 and a beta of 1.39. The firm has a fifty day simple moving average of $276.11 and a 200 day simple moving average of $278.48. Rockwell Automation has a 52-week low of $218.78 and a 52-week high of $308.70.

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Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Research analysts predict that Rockwell Automation will post 9.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating and lifted their target price for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. BNP Paribas lowered shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 11th. KeyCorp raised shares of Rockwell Automation from a "sector weight" rating to an "overweight" rating and set a $345.00 target price on the stock in a report on Monday, December 9th. Wells Fargo & Company boosted their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Finally, HSBC upgraded Rockwell Automation from a "hold" rating to a "buy" rating and set a $355.00 price objective on the stock in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $307.42.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the sale, the vice president now owns 1,905 shares in the company, valued at $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares of the company's stock, valued at approximately $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,352 shares of company stock worth $1,246,298. Insiders own 0.68% of the company's stock.

Institutional Trading of Rockwell Automation

A hedge fund recently bought a new stake in Rockwell Automation stock. Brighton Jones LLC purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 983 shares of the industrial products company's stock, valued at approximately $281,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

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.