Blair William & Co. IL Raises Stake in Rockwell Automation, Inc. (NYSE:ROK)

Blair William & Co. IL increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 419,865 shares of the industrial products company’s stock after buying an additional 14,758 shares during the quarter. Blair William & Co. IL owned 0.37% of Rockwell Automation worth $115,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hazlett Burt & Watson Inc. grew its stake in shares of Rockwell Automation by 17.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 248 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 37 shares during the last quarter. CreativeOne Wealth LLC raised its stake in Rockwell Automation by 3.0% during the 1st quarter. CreativeOne Wealth LLC now owns 1,277 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 37 shares during the period. Mather Group LLC. boosted its holdings in Rockwell Automation by 5.9% in the 2nd quarter. Mather Group LLC. now owns 680 shares of the industrial products company’s stock worth $198,000 after buying an additional 38 shares during the period. Lindbrook Capital LLC grew its position in shares of Rockwell Automation by 5.9% during the first quarter. Lindbrook Capital LLC now owns 749 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 42 shares in the last quarter. Finally, Pure Financial Advisors LLC grew its holdings in Rockwell Automation by 2.7% during the 2nd quarter. Pure Financial Advisors LLC now owns 1,613 shares of the industrial products company’s stock valued at $444,000 after buying an additional 42 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $263.20 on Wednesday. The business has a fifty day moving average of $265.83 and a 200-day moving average of $270.39. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a market cap of $30.01 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 4.57 and a beta of 1.37. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $312.76.

Rockwell Automation (NYSE:ROK) last posted 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. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company posted $3.01 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts predict that Rockwell Automation, Inc. will post 9.67 earnings per share for the current fiscal year.

Rockwell Automation declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 3.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Bank of America lowered their price target on shares of Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Barclays cut their price objective on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company decreased their price target on shares of Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. TD Cowen reduced their target price on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Finally, Robert W. Baird lowered their price objective on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $282.80.

Rockwell Automation Company 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.