Rockwell Automation (NYSE:ROK) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Rockwell Automation (NYSE:ROK) released its earnings results on Thursday. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07, Briefing.com reports. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.64 EPS. Rockwell Automation updated its FY25 guidance to $8.60-9.80 EPS and its FY 2025 guidance to 8.600-9.800 EPS.

Rockwell Automation Trading Down 1.8 %

Shares of ROK opened at $272.14 on Friday. Rockwell Automation has a 1-year low of $242.81 and a 1-year high of $312.76. The company has a market capitalization of $30.88 billion, a P/E ratio of 30.93, a P/E/G ratio of 5.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 0.68. The firm’s 50 day simple moving average is $266.92 and its 200 day simple moving average is $266.69.

Rockwell Automation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio (DPR) is 56.82%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho lifted their price objective on shares of Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird lifted their price target on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer upped their price objective on Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday. Barclays raised their target price on Rockwell Automation from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their price target on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $284.21.

Insiders Place Their Bets

In other news, SVP Veena M. Lakkundi sold 579 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $266.86, for a total transaction of $154,511.94. Following the sale, the senior vice president now owns 4,576 shares in the company, valued at approximately $1,221,151.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation declared that its board has authorized a stock buyback program on Thursday, September 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.