Rockwell Automation (ROK) Earns Daily Coverage Optimism Rating of 0.19

News articles about Rockwell Automation (NYSE:ROK) have trended somewhat positive on Thursday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rockwell Automation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 47.678474738304 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of Rockwell Automation (ROK) traded down $1.08 during midday trading on Thursday, hitting $186.01. The stock had a trading volume of 319,284 shares, compared to its average volume of 890,527. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.73 and a current ratio of 1.98. Rockwell Automation has a 12-month low of $148.31 and a 12-month high of $210.72. The stock has a market capitalization of $23,568.48, a P/E ratio of 65.83, a price-to-earnings-growth ratio of 2.08 and a beta of 1.17.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.22. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. research analysts expect that Rockwell Automation will post 7.79 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.34 annualized dividend and a yield of 1.80%. Rockwell Automation’s dividend payout ratio (DPR) is presently 117.19%.

Rockwell Automation announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 24th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Several equities research analysts have commented on the company. Goldman Sachs Group reissued a “neutral” rating and issued a $193.00 target price on shares of Rockwell Automation in a report on Friday, December 8th. Daiwa Capital Markets initiated coverage on Rockwell Automation in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 price target for the company. cut Rockwell Automation from a “hold” rating to a “reduce” rating in a research report on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $198.00 price objective on shares of Rockwell Automation in a research report on Monday, December 11th. Finally, Oppenheimer restated a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $185.00.

In other news, VP Steven W. Etzel sold 514 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $190.75, for a total value of $98,045.50. Following the completion of the sale, the vice president now owns 7,737 shares of the company’s stock, valued at approximately $1,475,832.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sujeet Chand sold 3,371 shares of Rockwell Automation stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $190.85, for a total value of $643,355.35. Following the sale, the senior vice president now directly owns 47,183 shares of the company’s stock, valued at approximately $9,004,875.55. The disclosure for this sale can be found here. Insiders have sold a total of 113,966 shares of company stock worth $21,834,799 in the last ninety days. Insiders own 1.65% of the company’s stock.

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About Rockwell Automation

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

Insider Buying and Selling by Quarter for Rockwell Automation (NYSE:ROK)

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