Rockwell Automation, Inc. (NYSE:ROK) Announces Quarterly Dividend of $1.38

Rockwell Automation, Inc. (NYSE:ROK) announced a quarterly dividend on Tuesday, June 9th. Investors 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 is Monday, August 17th.

Rockwell Automation has raised its dividend by an average of 0.1%per year over the last three years and has increased 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. 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 Up 1.8%

Shares of Rockwell Automation stock opened at $459.96 on Wednesday. The company has a fifty day moving average price of $422.92 and a 200 day moving average price of $405.50. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. Rockwell Automation has a twelve month low of $305.44 and a twelve month high of $468.11. The stock has a market cap of $51.18 billion, a price-to-earnings ratio of 47.81, a price-to-earnings-growth ratio of 2.89 and a beta of 1.57.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company earned $2.45 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities research analysts forecast that Rockwell Automation will post 13.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ROK shares. Citigroup upped their price target on shares of Rockwell Automation from $466.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group upped their price objective on shares of Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. TD Cowen upped their price objective on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and an average target price of $451.75.

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.