Rockwell Announces Quarterly Dividend


Jun 06, 2013

Rockwell Automation announced a quarterly dividend on Wednesday, June 5th, Stock Ratings Network reports. Shareholders of record on Monday, August 12th will be paid a dividend of $0.52 per share on Tuesday, September 10th. This represents a $2.08 annualized dividend and a dividend yield of 2.43%.

ROK has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated a "market perform" rating on shares of Rockwell Automation in a research note to investors on Friday, May 24th. They now have a $100.00 price target on the stock. On the ratings front, analysts at RBC Capital reiterated an "outperform" rating on shares of Rockwell Automation in a research note to investors on Tuesday, May 21st. They now have a $99.00 price target on the stock.

One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $89.00.

Rockwell Automation (NYSE: ROK) traded down 2.10% on Wednesday, hitting $85.65. Rockwell Automation has a 1-year low of $61.20 and a 1-year high of $91.99. The stock’s 50-day moving average is currently $86.95. The company has a market cap of $11.962 billion and a price-to-earnings ratio of 17.21.

Rockwell Automation (NYSE: ROK) last announced its earnings results on Wednesday, April 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Rockwell Automation has set its FY13 guidance at $5.40-5.70 EPS. On average, analysts predict that Rockwell Automation will post $5.51 earnings per share for the current fiscal year.

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