Roberts Wealth Advisors LLC Purchases 6,484 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Roberts Wealth Advisors LLC raised its position in Rockwell Automation, Inc. (NYSE:ROK) by 107.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,507 shares of the industrial products company’s stock after acquiring an additional 6,484 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Rockwell Automation were worth $3,329,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Syon Capital LLC raised its stake in shares of Rockwell Automation by 24.1% in the fourth quarter. Syon Capital LLC now owns 923 shares of the industrial products company’s stock worth $287,000 after buying an additional 179 shares during the period. American International Group Inc. raised its stake in shares of Rockwell Automation by 1.0% in the fourth quarter. American International Group Inc. now owns 31,730 shares of the industrial products company’s stock worth $9,852,000 after buying an additional 308 shares during the period. HighPoint Advisor Group LLC bought a new position in shares of Rockwell Automation in the fourth quarter worth about $1,316,000. Nomura Holdings Inc. purchased a new stake in shares of Rockwell Automation during the fourth quarter worth about $718,000. Finally, CWM LLC grew its position in shares of Rockwell Automation by 2.5% during the first quarter. CWM LLC now owns 2,628 shares of the industrial products company’s stock worth $766,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $272.31 on Wednesday. The stock has a market cap of $31.04 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 4.64 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.68 and a current ratio of 1.04. The stock has a 50 day moving average price of $263.89 and a 200-day moving average price of $267.67. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $312.76.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.63. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.01 EPS. Equities analysts expect that Rockwell Automation, Inc. will post 9.67 EPS for the current year.

Rockwell Automation announced that its Board of Directors has initiated a share buyback program on Thursday, September 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

ROK has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Bank of America cut their target price on Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Morgan Stanley initiated coverage on Rockwell Automation in a research report on Friday, September 6th. They set an “overweight” rating and a $320.00 target price for the company. Oppenheimer increased their target price on Rockwell Automation from $270.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, TD Cowen cut their price target on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $284.80.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.