Rockwell Automation (NYSE:ROK) Releases FY20 Earnings Guidance

Rockwell Automation (NYSE:ROK) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $8.70-9.10 for the period, compared to the Thomson Reuters consensus estimate of $8.59. The company issued revenue guidance of +2-5% yr/yr to ~$6.83-7.03 billion, compared to the consensus revenue estimate of $6.62 billion.

Shares of NYSE:ROK traded up $24.87 on Tuesday, reaching $204.07. The company had a trading volume of 34,784 shares, compared to its average volume of 773,629. Rockwell Automation has a twelve month low of $141.46 and a twelve month high of $191.48. The stock has a 50-day moving average price of $168.36 and a 200 day moving average price of $162.09. The stock has a market capitalization of $20.81 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.65 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $1.02 dividend. The ex-dividend date is Friday, November 8th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Rockwell Automation’s previous quarterly dividend of $0.97. Rockwell Automation’s payout ratio is currently 50.31%.

A number of analysts have weighed in on ROK shares. Barclays reaffirmed a hold rating and issued a $159.00 price target on shares of Rockwell Automation in a research report on Friday, October 4th. Gordon Haskett lowered Rockwell Automation from a buy rating to a hold rating in a research note on Wednesday, September 11th. ValuEngine upgraded Rockwell Automation from a hold rating to a buy rating in a research note on Friday, November 1st. Wells Fargo & Co lowered Rockwell Automation from an outperform rating to a market perform rating and dropped their price objective for the stock from $185.00 to $165.00 in a research note on Monday, September 30th. Finally, Morgan Stanley dropped their price objective on Rockwell Automation from $145.00 to $142.00 and set an underweight rating on the stock in a research note on Friday, October 11th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Rockwell Automation presently has an average rating of Hold and a consensus target price of $171.36.

In related news, CEO Blake D. Moret sold 7,300 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $179.67, for a total transaction of $1,311,591.00. Following the transaction, the chief executive officer now directly owns 46,995 shares in the company, valued at $8,443,591.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Blake D. Moret sold 1,700 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $179.07, for a total value of $304,419.00. Following the transaction, the chief executive officer now owns 41,395 shares in the company, valued at $7,412,602.65. The disclosure for this sale can be found here. Insiders own 1.43% of the company’s stock.

Rockwell Automation Company Profile

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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Earnings History and Estimates for Rockwell Automation (NYSE:ROK)

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