Rockwell Automation, Inc. (NYSE: ROK) declared a quarterly dividend on Thursday, June 3 RTT News reports. Shareholders of record on Monday August 16 will receive a dividend of 1.07 per share of the industrial products company on Friday September 10. This represents an annualized dividend of $ 4.28 and a dividend yield of 1.56%.
Rockwell Automation has increased its dividend by 32.6% over the past three years and has increased its dividend each year for the past 11 consecutive years. Rockwell Automation has a dividend payout ratio of 46.3%, indicating that its dividend is sufficiently covered by earnings. Equity research analysts expect Rockwell Automation to earn $ 9.80 per share next year, which means the company should continue to be able to cover its annual dividend of $ 4.28. with an expected future payout rate of 43.7%.
NYSE ROK shares traded up $ 2.81 during the noon session on Thursday, reaching $ 274.63. 19,714 shares of the stock traded for an average volume of 690,036. The stock has a 50-day moving average price of $ 264.89. The stock has a market cap of $ 31.88 billion, a price / earnings ratio of 19.92, a P / E / G ratio of 3.00 and a beta of 1.36. The company has a quick ratio of 1.07, a current ratio of 1.39, and a debt ratio of 0.93. Rockwell Automation has a one year minimum of $ 200.60 and a one year maximum of $ 275.43.
Rockwell Automation (NYSE: ROK) last released its quarterly results on Tuesday, April 27. The industrials company reported earnings per share of $ 2.41 for the quarter, beating the consensus estimate of $ 2.15 by $ 0.26. The company posted revenue of $ 1.78 billion for the quarter, compared to $ 1.73 billion expected by analysts. Rockwell Automation reported a return on equity of 57.72% and a net margin of 25.20%. The company’s revenue increased 5.6% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $ 2.43. On average, equity analysts expect Rockwell Automation to post earnings per share of 9.21 for the current year.
In related news, SVP Rebecca W. House sold 4,600 shares in a trade dated Friday, May 7. The shares were sold for an average price of $ 270.01, for a total value of $ 1,242,046.00. Following the closing of the transaction, the Senior Vice President now owns 9,885 shares of the company, valued at approximately $ 2,669,048.85. The sale was disclosed in a legal file with the SEC, which can be accessed through this hyperlink. In addition, Senior Vice President Rebecca W. House sold 6,268 shares in a transaction dated Monday, May 3. The shares were sold at an average price of $ 265.21, for a total transaction of $ 1,662,336.28. Following the closing of the transaction, the Executive Vice President now directly owns 12,421 shares of the company, valued at approximately $ 3,294,173.41. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 18,376 shares of the company valued at $ 4,899,661. Company insiders own 0.79% of the company’s shares.
A number of equity analysts recently commented on the company. Rosenblatt Securities raised its target price on Rockwell Automation from $ 240.00 to $ 260.00 and rated the stock “neutral” in a report released on Monday, May 3. Oppenheimer raised its price target on Rockwell Automation from $ 280.00 to $ 286.00 and rated the stock as “outperforming” in a report released Thursday, April 29. JPMorgan Chase & Co. raised its price target on Rockwell Automation from $ 189.00 to $ 205 and rated the stock “underweight” in a report released on Wednesday, May 12. Deutsche Bank Aktiengesellschaft raised its price target on Rockwell Automation from $ 242.00 to $ 268.00 and gave the stock a “hold” rating in a report released on Tuesday, April 13. Finally, Morgan Stanley increased its price target on Rockwell Automation from $ 300.00 to $ 313.00 and rated the stock “overweight” in a research note on Thursday, April 29. One investment analyst rated the stock with a sell rating, eight assigned a conservation rating, and seven assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $ 266.50.
Rockwell Automation Company Profile
Rockwell Automation, Inc provides industrial automation and digital transformation solutions. The company operates in two segments, Architecture & Software and Control Products & Solutions. The Architecture and Software segment offers a portfolio of automation and information platforms, including hardware and software.
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