Talbot Financial LLC Takes $6.93 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Talbot Financial LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,809 shares of the industrial products company’s stock, valued at approximately $6,929,000.

Other institutional investors also recently bought and sold shares of the company. Tealwood Asset Management Inc. acquired a new position in shares of Rockwell Automation in the 3rd quarter valued at $301,000. Kwmg LLC grew its stake in Rockwell Automation by 2.1% during the 3rd quarter. Kwmg LLC now owns 20,620 shares of the industrial products company’s stock valued at $5,536,000 after purchasing an additional 415 shares during the last quarter. GAMMA Investing LLC grew its stake in Rockwell Automation by 31.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,000 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 478 shares during the last quarter. Czech National Bank increased its holdings in shares of Rockwell Automation by 6.4% in the third quarter. Czech National Bank now owns 23,114 shares of the industrial products company’s stock valued at $6,205,000 after purchasing an additional 1,389 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Rockwell Automation by 8.7% in the third quarter. Handelsbanken Fonder AB now owns 220,167 shares of the industrial products company’s stock worth $59,106,000 after purchasing an additional 17,660 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Down 0.4 %

Shares of NYSE ROK opened at $266.16 on Wednesday. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 4.64 and a beta of 1.36. The company’s 50-day simple moving average is $262.85 and its 200-day simple moving average is $268.40. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $312.76.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.63. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The company 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 firm posted $3.01 EPS. Rockwell Automation’s revenue was down 8.4% compared to the same quarter last year. Equities analysts predict that Rockwell Automation, Inc. will post 9.67 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ROK shares. Redburn Atlantic assumed coverage on Rockwell Automation in a research report on Monday, July 8th. They issued a “neutral” rating and a $256.00 target price on the stock. Barclays dropped 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. Oppenheimer reduced their target price on shares of Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Robert W. Baird decreased their target price 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. Finally, JPMorgan Chase & Co. cut their price target on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $283.60.

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.