JFS Wealth Advisors LLC Has $201,000 Holdings in Rockwell Automation, Inc. (NYSE:ROK)

JFS Wealth Advisors LLC decreased its position in Rockwell Automation, Inc. (NYSE:ROK) by 75.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 750 shares of the industrial products company’s stock after selling 2,259 shares during the period. JFS Wealth Advisors LLC’s holdings in Rockwell Automation were worth $201,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in shares of Rockwell Automation during the 1st quarter valued at about $26,000. Richardson Financial Services Inc. boosted its holdings in shares of Rockwell Automation by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after buying an additional 48 shares in the last quarter. ESL Trust Services LLC bought a new position in shares of Rockwell Automation during the 1st quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth approximately $36,000. Finally, Cultivar Capital Inc. bought a new stake in shares of Rockwell Automation in the 2nd quarter valued at $46,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $266.72 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 0.68. The company has a fifty day moving average price of $266.06 and a 200-day moving average price of $266.81. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $312.76. The firm has a market cap of $30.26 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 4.64 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.08 by $0.63. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $3.01 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 9.65 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be given a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.96%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s payout ratio is currently 56.82%.

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

Analyst Ratings Changes

A number of equities research analysts have commented on ROK shares. Barclays reduced their price target on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Bank of America boosted their target price on Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Redburn Atlantic began coverage on Rockwell Automation in a report on Monday, July 8th. They issued a “neutral” rating and a $256.00 price target on the stock. Oppenheimer boosted their price objective on Rockwell Automation from $270.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Robert W. Baird reduced their price target on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $286.47.

About Rockwell Automation

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.