Rockwell Automation (ROK) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $1.55 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $1.47. The company posted revenue of $1474.00 million in the period, compared to analysts expectations of $1489.55 million. The company’s revenue was down -6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS.
Many Wall Street Analysts have commented on Rockwell Automation. FBR Capital Initiated Rockwell Automation on May 11, 2016 to “Outperform”, Price Target of the shares are set at $20.
Rockwell Automation closed down -0.7 points or -0.60% at $116.23 with 8,21,522 shares getting traded on Thursday. Post opening the session at $116.2, the shares hit an intraday low of $114.98 and an intraday high of $116.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Jun 8, 2016, Rockwell Automation announced a cash dividend of $0.7250. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 12, 2016.
In a different news, on Jun 24, 2016, Douglas M Hagerman (Sr. VP, Gen Counsel and Sec.) sold 4,300 shares at $119.96 per share price. According to the SEC, on May 5, 2016, John M Miller (VP and Chief IP Counsel) sold 1,881 shares at $111.71 per share price. On Feb 26, 2016, Susan Schmitt (Sr. VP, HR) sold 1,500 shares at $104.61 per share price, according to the Form-4 filing with the securities and exchange commission.
Rockwell Automation Inc. (Rockwell Automation) is a provider of industrial automation power control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software which deals in hardware software and communication components of the organization and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products application expertise and project management capabilities. In the United States Canada and certain other countries the Company sells primarily through the independent distributors in conjunction with its direct sales force. In the remaining countries the Company sells through a combination of its direct sales force.