Analysts hand Rockwell Automation an average ‘Hold’ rating

  • Rockwell Automation, Inc. (NYSE:ROK) has received an average rating of “Hold” from fourteen analysts covering the company.
  • Three analysts have issued a sell rating, seven gave a hold rating, and four assigned a buy rating.

Rockwell Automation, an industrial automation and digital transformation solutions provider, currently has a debt-to-equity ratio of 0.76, a current ratio of 1.46, and a quick ratio of 1.04. The company’s market capitalization stands at approximately $34.90 billion, with a P/E ratio of 25.45, a P/E/G ratio of 2.21 and a beta of 1.42.

The company reported $3.64 earnings per share for the quarter during its latest quarterly earnings announcement, surpassing the consensus estimate of $3.49. Furthermore, Rockwell Automation’s net margin was 15.32% with a return on equity of 40.19%. The business reported revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.44 billion.

Looking at the recent trading activity, shares of Rockwell Automation opened at $304.37 with its 50-day simple moving average being $274.38 and its 200-day simple moving average $296.43.

Among the recent changes to the company stock, Rockwell Automation announced a quarterly dividend that was paid on Monday, December 11th, representing a $5.00 dividend on an annualized basis and a yield of 1.64%. This marked a positive shift from the company’s previous quarterly dividend of $1.18.

Several large institutional investors have recently altered their positions in Rockwell Automation, accounting for 80.84% of the stock’s ownership. Notably, insider transactions over the last 90 days have resulted in the sale of 10,899 company shares worth $3,036,683.

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