Rockwell Automation (NYSE:ROK – Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 8.600-9.800 for the period, compared to the consensus estimate of 10.670. The company issued revenue guidance of $7.9 billion-$8.4 billion, compared to the consensus revenue estimate of $8.6 billion. Rockwell Automation also updated its FY25 guidance to $8.60-9.80 EPS.
Rockwell Automation Trading Down 4.1 %
NYSE ROK traded down $11.91 during mid-day trading on Thursday, hitting $282.09. The company’s stock had a trading volume of 499,406 shares, compared to its average volume of 871,311. The firm has a market capitalization of $32.01 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 4.61 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. Rockwell Automation has a 52-week low of $242.81 and a 52-week high of $312.76. The stock’s fifty day simple moving average is $266.71 and its two-hundred day simple moving average is $266.63.
Rockwell Automation (NYSE:ROK – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.63. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. Rockwell Automation’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.01 EPS. Research analysts expect that Rockwell Automation will post 9.65 EPS for the current year.
Rockwell Automation Increases Dividend
Rockwell Automation announced that its board has authorized a stock repurchase plan on Thursday, September 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
ROK has been the subject of several analyst reports. Robert W. Baird reduced their price target on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company raised their target price on shares of Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Oppenheimer upped their price target on shares of Rockwell Automation from $270.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Bank of America raised their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays dropped their target price on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $281.93.
Check Out Our Latest Research Report on Rockwell Automation
Insider Activity at Rockwell Automation
In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of the 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 transaction, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at $1,221,151.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.68% of the company’s stock.
About Rockwell Automation
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.
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