Rockwell Automation, Inc. (NYSE:ROK – Free Report) – KeyCorp issued their FY2023 earnings per share (EPS) estimates for shares of Rockwell Automation in a report issued on Tuesday, October 3rd. KeyCorp analyst K. Newman forecasts that the industrial products company will post earnings of $12.04 per share for the year. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Rockwell Automation’s current full-year earnings is $11.95 per share. KeyCorp also issued estimates for Rockwell Automation’s Q4 2023 earnings at $3.52 EPS, Q1 2024 earnings at $2.89 EPS, Q2 2024 earnings at $3.31 EPS, Q3 2024 earnings at $3.40 EPS, Q4 2024 earnings at $3.86 EPS, FY2024 earnings at $13.44 EPS, Q1 2025 earnings at $3.12 EPS, Q2 2025 earnings at $3.52 EPS, Q3 2025 earnings at $3.72 EPS, Q4 2025 earnings at $4.09 EPS and FY2025 earnings at $14.45 EPS.
Other equities research analysts have also issued research reports about the company. Bank of America reduced their price target on Rockwell Automation from $375.00 to $335.00 in a research report on Wednesday, August 2nd. Jefferies Financial Group began coverage on Rockwell Automation in a research note on Tuesday, June 27th. They issued a “hold” rating and a $335.00 price objective on the stock. Wolfe Research raised Rockwell Automation from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 11th. Citigroup boosted their price objective on Rockwell Automation from $334.00 to $375.00 in a research note on Monday, July 10th. Finally, Wells Fargo & Company raised Rockwell Automation from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $290.00 to $317.00 in a research note on Tuesday, August 29th. They noted that the move was a valuation call. Four equities 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 company. According to MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $289.00.
Rockwell Automation Trading Down 0.9 %
NYSE ROK opened at $286.17 on Thursday. The business’s 50-day moving average price is $297.65 and its two-hundred day moving average price is $297.66. Rockwell Automation has a 12 month low of $219.55 and a 12 month high of $348.52. The firm has a market capitalization of $32.87 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.80 and a beta of 1.46. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79.
Rockwell Automation (NYSE:ROK – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $3.01 EPS for the quarter, missing analysts’ consensus estimates of $3.19 by ($0.18). Rockwell Automation had a net margin of 16.51% and a return on equity of 40.33%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the firm posted $2.66 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis.
Institutional Trading of Rockwell Automation
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aspire Private Capital LLC bought a new position in shares of Rockwell Automation in the first quarter valued at approximately $11,444,550,000. GPS Wealth Strategies Group LLC grew its holdings in shares of Rockwell Automation by 62.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 101 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 39 shares in the last quarter. Delta Asset Management LLC TN bought a new position in shares of Rockwell Automation in the second quarter valued at approximately $34,000. Clear Street Markets LLC bought a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $30,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Rockwell Automation in the second quarter valued at approximately $41,000. 80.84% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Rockwell Automation news, SVP Rebecca W. House sold 440 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $285.26, for a total transaction of $125,514.40. Following the completion of the sale, the senior vice president now directly owns 6,549 shares of the company’s stock, valued at approximately $1,868,167.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $297.62, for a total transaction of $148,810.00. Following the completion of the sale, the vice president now directly owns 2,876 shares of the company’s stock, valued at approximately $855,955.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rebecca W. House sold 440 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $285.26, for a total value of $125,514.40. Following the sale, the senior vice president now directly owns 6,549 shares of the company’s stock, valued at $1,868,167.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,730 shares of company stock valued at $510,477. 0.64% of the stock is owned by company insiders.
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.
Featured Articles
- Five stocks we like better than Rockwell Automation
- High Flyers: 3 Natural Gas Stocks for March 2022
- Huawei Has Entered The Chips Race, Markets Still Prefer These
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Restaurant Stocks Go on Sale…Which Are Really on the Value Menu?
- CD Calculator: Certificate of Deposit Calculator
- 5 Reasons to Buy and Hold Exxon Mobil For 2024
Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.
