Rockwell Automation, Inc. (NYSE:ROK – Get Free Report) declared a quarterly dividend on Tuesday, June 9th. Shareholders of record on Monday, August 17th will be paid a dividend of 1.38 per share by the industrial products company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th.
Rockwell Automation has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Rockwell Automation has a dividend payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Rockwell Automation to earn $14.52 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 38.0%.
Rockwell Automation Stock Performance
Shares of NYSE ROK opened at $459.96 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $422.92 and its two-hundred day moving average price is $405.50. Rockwell Automation has a 52-week low of $305.44 and a 52-week high of $468.11. The stock has a market capitalization of $51.18 billion, a P/E ratio of 47.81, a P/E/G ratio of 2.89 and a beta of 1.57.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. BNP Paribas Exane raised their target price on shares of Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and issued a $525.00 price target on shares of Rockwell Automation in a research note on Wednesday, May 6th. The Goldman Sachs Group raised their price target on shares of Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Sanford C. Bernstein assumed coverage on shares of Rockwell Automation in a research note on Tuesday. They issued a “market perform” rating and a $501.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $451.75.
Read Our Latest Analysis on Rockwell Automation
Rockwell Automation Company Profile
Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.
The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.
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