Rockwell Automation said on April 4, 2023 that its board of directors declared a regular
quarterly dividend of $1.18 per share ($4.72 annualized).
Previously, the company paid $1.18 per share.
Shares must be purchased before the ex-div date of May 12, 2023 to qualify for the dividend.
Shareholders of record as of May 15, 2023
will receive the payment on June 12, 2023.
At the current share price of $273.17 / share,
the stock’s dividend yield is 1.73%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.93%,
the lowest has been 1.28%,
and the highest has been 3.38%.
The standard deviation of yields is 0.36 (n=237).
The current dividend yield is
0.57 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.50.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.16%,
demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 1851 funds or institutions reporting positions in Rockwell Automation.
This is an increase
of
87
owner(s) or 4.93% in the last quarter.
Average portfolio weight of all funds dedicated to ROK is 0.27%,
a decrease
of 3.70%.
Total shares owned by institutions increased
in the last three months by 1.07% to 103,830K shares.
The put/call ratio of ROK is 0.66, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 5.14% Upside
As of April 6, 2023,
the average one-year price target for Rockwell Automation is $287.20.
The forecasts range from a low of $222.20 to a high of $351.75.
The average price target represents an increase of 5.14% from its latest reported closing price of $273.17.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rockwell Automation
is $8,554MM, an increase of 8.50%.
The projected annual non-GAAP EPS
is $10.81.
What are Other Shareholders Doing?
EUSA – iShares MSCI USA Equal Weighted ETF
holds 3K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 3K shares, representing
a decrease
of 19.40%.
The firm
decreased
its portfolio allocation in ROK by 9.35% over the last quarter.
BNP Paribas Asset Management Holding
holds 135K shares
representing 0.12% ownership of the company.
In it’s prior filing, the firm reported owning 181K shares, representing
a decrease
of 34.02%.
The firm
decreased
its portfolio allocation in ROK by 18.83% over the last quarter.
Westpac Banking
holds 9K shares
representing 0.01% ownership of the company.
No change in the last quarter.
Farmers & Merchants Trust Co of Long Beach
holds 1K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
Rise Advisors
holds 0K shares
representing 0.00% ownership of the company.
Rockwell Automation Background Information
(This description is provided by the company.)
Rockwell Automation, Inc. is an American provider of industrial automation whose brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Its solutions include hardware and software products, and services.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
